Improvements to IPSAS, 2021

This project addresses general improvements and International Financial Reporting Standards^® (IFRS^®) alignment improvements to IPSAS. General improvements consist of proposals for minor amendments to IPSAS identified by stakeholders. IFRS alignment improvements consist of proposals for minor amendments to IPSAS sourced from recent IFRS improvements and narrow scope amendment projects.

Current Status of the Project

The IPSASB approved Improvements to IPSAS, 2021 with an effective date of January 1, 2023, except for the Interest Rate Benchmark Reform related amendments to IPSAS 29, Financial Instruments: Recognition and Measurement, which have an effective date of January 1, 2022. Improvements to IPSAS, 2021 was published in January 2022.

Project Contact

• João Fonseca