An International Federation of Accountants board has issued an exposure draft of a proposed standard, “Impairment of Cash-Generating Assets.”

According to a statement from the International Public Sector Accounting Standards Board, the majority of public sector entities operate globally to better deliver services. In December 2004, the board already addressed assets which are held and operated primarily for the purposes of service delivery when it issued a statement on, “Impairment of Non-Cash-Generating Assets.” The latest draft deals with cash-generating assets held and operated by public sector entities, which are not government business enterprises.

Board chairman Philippe Adhémar said in a statement that the draft is the result of constituents indicating that further guidance on the topic would be helpful.

Comments on the draft are due by Feb. 28, 2007. The full draft can be viewed at

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