IPSASB Consults on Future Projects

The International Public Sector Accounting Standards Board has released for comment a consultation paper on its future work program for the next two years.

The paper, Consultation on IPSASB Work Program 2013–2014, is the first public consultation by the IPSASB on its work program. The IPSASB, which operates under the auspices of the International Federation of Accountants, intends to continue this practice and consult publicly on future work programs.

The public consultation is limited to the work program for the period 2013–2014, as the IPSASB said it is currently in a period of significant activity and transition. The Public Sector Conceptual Framework project, the IPSASB’s highest priority project, is scheduled to be completed in 2014. In addition, the board anticipates that public interest oversight and related governance changes for the IPSASB will be implemented in 2014–2015.

"This first public consultation on the IPSASB’s work program for 2013–2014 will assist the IPSASB in creating a short-term work program that meets stakeholders’ needs,” said IPSASB chair Andreas Bergmann in a statement. “In fact we see this as a first step to a broader and even more fundamental public consultation of our broad strategic direction in the future.”

To access the Consultation Paper or to submit a comment, visit the IPSASB Web site at http://www.ifac.org/public-sector. Comments on the consultation paper are requested by Oct. 31, 2012. The IPSASB is encouraging IFAC members, associates, and regional accountancy bodies to promote the availability of this consultation paper to their members and employees.