The International Public Sector Accounting Standards Board has released an exposure draft on financial discussion and analysis for public sector entities, proposing minimum required content, and that the qualitative characteristics governing financial statement preparation be applied to statement discussion and analysis.
In addition,
The ED includes implementation guidance and an illustrative example.
"The purpose of the financial statement discussion and analysis is to provide additional information to users of an entity's financial statements for accountability and decision-making purposes," said IPSASB Chair Andreas Bergmann said in a statement. "Financial statement discussion and analysis complements and supplements the information in the accrual-based financial statements with further insights and perspectives."
The ED and a summary document are available on the IPSASB's