Return to: Home > News > Public Sector > New lease accounting model for the public sector proposed by IPSASB

New lease accounting model for the public sector proposed by IPSASB

Author: TA editorial
Published: 2 Feb 2018
Email
Print

The International Public Sector Accounting Standards Board (IPSASB) has called for comment on the Exposure Draft (ED) 64, Leases.

IPSASB chair Ian Carruthers said: ““Leases, including concessionary leases, are very important financing mechanisms in the public sector and in international organizations.”

Carruthers added that the proposals in ED 64 aimed at providing better information on the financial impacts of leases and that this in turn would enhance both the accountability of an entity for its management of resources and improve the quality of information for decision-making.

The deadline for comment is 30 June 2018, the exposure draft is available on the IPSASB website.

Other Latest News

Top Content

ARGA team, assemble!

The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

FASB: a quest for simpler standards

FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

The future of audit, and how to get there

Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

EFAA elects new president, focuses on digital future

EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.