The International Public Sector Accounting Standards Board (IPSASB) today announced that it is extending the comment period for Exposure Drafts (EDs) 70-72 to November 1, 2020. The extension responds to the additional challenges facing stakeholders as a result of the COVID-19 pandemic, and will provide them with additional time to undertake outreach and prepare their responses.
These three EDs, released in February this year, pioneer new approaches for some of the most prevalent public sector transactions, including government transfers and grants for the delivery of key government services to citizens.
Stakeholders can learn more about the Exposure Drafts, and submit their comments, by visiting the below links:
- Exposure Draft 70: Revenue with Performance Obligations
- Exposure Draft 71: Revenue without Performance Obligations
- Exposure Draft 72: Transfer Expenses
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