IPSASB proposes amendments to IPSAS Standards

Tier 1 & 2
Accounting Standards

The International Public Sector Accounting Standards Board (IPSASB) has published for comment Exposure Draft 65 Improvements to IPSAS, 2018 (ED 65).

The IPSASB’s improvements' process allows for a collection of non-substantive, but necessary, amendments to IPSAS Standards to be addressed within one exposure draft.

ED 65 proposes improvements to IPSAS Standards in order to:

• address issues identified by stakeholders; and
• maintain convergence with IFRS® Standards with respect to some narrow scope amendments and annual improvements issued by the International Accounting Standards Board (IASB).

We encourage you to read ED 65 and provide your comments on the proposals.

The NZASB is seeking your comments by 1 June 2018, or you can make comments directly to the IPSASB by 15 July 2018.

Read ED 65

NZASB May Board meeting

3 May 2018, Wellington

The Board intends to discuss a range of topics affecting both PBEs and for-profit entities.

Agenda items include:

• IPSASB ED 64 Leases
• IPSASB Proposed Strategy and Work Plan 2019–2023
• Approval of the 2018 NZ Conceptual Framework and the related amending standard from the IASB
• Approval of for-profit standard amendments to the scope of FRS-42 Prospective Financial Statements

Did you know that NZASB meetings are open to the public?

You can access the public agenda, meeting papers and register to attend an NZASB meeting on the XRB website. 

We upload the meeting papers to the website a week before the meeting.

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Have your say...

Before issuing a finalised accounting standard the NZASB and international standard-setting boards, such as the IASB and the IPSASB, issue consultation documents. These documents seek your feedback on proposals that could potentially affect you.

We are currently consulting on the matters set out in the tables below. 

We welcome your comments and feedback, either formal or informal, by the due dates below.

For-profit standards

Tier 1 and Tier 2 PBE Standards

Tier 3 and Tier 4 PBE Standards