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Article: IN BRIEF.(International Public Sector Accounting Standards Board)
- Article from:
- Accounting Today
- Article date:
- June 1, 2009
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Standards Convergence Comes to Public Sector
The International Public Sector Accounting Standards Board is proposing new financial reporting requirements to help public sector entities account for financial instruments, such as derivatives, bonds and loans, and produce global standards of transparency.
The proposed requirements from the IPSASB, which is part of the International Federation of Accountants, are contained in three newly released exposure drafts: ED 37, Financial Instruments: Presentation; ED 38, Financial Instruments: Recognition and Measurement; and ED 39, Financial Instruments: Disclosures.
The drafts propose standards that ...