The International Public Sector Accounting Standards Board^® (IPSASB^®) has issued Exposure Draft 60, Public Sector Combinations.

The International Public Sector Accounting Standards Board^® (IPSASB^®) has released Exposure Draft 59, Amendments to IPSAS 25, Employee Benefits, as part of an effort to issue a revised IPSAS 25 to be converged with the underlying IAS 19, Employee Benefits.

The main amendments proposed in ED 59 improve IPSAS 25 in the recognition, presentation, and disclosure of defined benefit plans.

This Exposure Draft (ED) includes enhanced requirements and application material pertaining to the application of the conceptual framework in the Code of Ethics for Professional Accountants (the Code), including safeguards.

Key enhancements proposed in the Safeguards ED, which is presented in accordance with the new structure and drafting conventions, include:

The IAASB has released its Invitation to Comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits (the ITC).

The International Accounting Education Standards Board™ (IAESB™) has issued for comment proposed drafting changes to its suite of eight IES™, Framework for International Education Standards for Professional Accountants and Aspiring Professional Accountants, and IAESB Glossary of Terms.

The IAESB has performed this maintenance review of its pronouncements to address changes, matters of language, or drafting issues, and minor changes necessary to maintain consistency and accuracy across the body of IES.

The International Accounting Education Standards Board™ (IAESB™) has published a Consultation Paper, Meeting Future Expectations of Professional Competence: A Consultation on the IAESB’s Future Strategy and Priorities. It presents the proposed vision and strategy for the next five years that builds on the completion of its newly revised International Education Standards™ and its work to support the implementation of these standards.

The International Public Sector Accounting Standards Board (IPSASB) has released for comment Exposure Draft (ED) 58, Improvements to IPSASs 2015.

This is the first IPSASB Improvements project to consider broader improvements rather than focusing solely on those to maintain convergence with International Financial Reporting Standards (IFRS). 

ED 58 proposes minor changes as follows:

The International Public Sector Accounting Standards Board (IPSASB) has released for comment Exposure Draft (ED) 57, Impairment of Revalued Assets.

International Standard on Auditing™ (ISA™) 810, Engagements to Report on Summary Financial Statements, deals with the auditor’s responsibilities relating to an engagement to report on summary financial statements derived from financial statements audited in accordance with ISAs by that same auditor.