Exposure Draft 57, Impairment of Revalued Assets
IPSASB
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The International Public Sector Accounting Standards Board (IPSASB) has released for comment Exposure Draft (ED) 57, Impairment of Revalued Assets.
ED 57 proposes to bring property, plant and equipment, and intangible assets on the revaluation model within the scope of the IPSASB’s two standards on impairment―IPSAS 21, Impairment of Non-Cash-Generating Assets, and IPSAS 26, Impairment of Cash-Generating Assets. These changes seek to provide users with relevant information on impairments to these assets. They also clarify that an impairment to one or more individual assets within a class of property, plant, and equipment does not necessitate a revaluation of the entire class to which that impaired asset belongs.
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Exposure Draft 57, Impairment of Revalued Assets
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Submitted Comment Letters
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The Institute Of Chartered Accountants [Ghana] (471.29 KB)(Ghana)
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Conseil de normalisation des comptes publics (CNOCP) (38.27 KB)(France)
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New Zealand Accounting Standards Board (522.33 KB)(New Zealand)
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KPMG Services Proprietary Limited (58.87 KB)(South Africa)
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Swiss Public Sector Financial Reporting Advisory Committee (51.03 KB)(Switzerland)
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Public Sector Accounting (146.64 KB)(Canada)
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HoTARAC (107.57 KB)(Australia)
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The Institute of Chartered Accountants in England and Wales (205.25 KB)(United Kingdom)
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CPA Australia (84.09 KB)()
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Asociación Interamericana de Contabilidad (AIC) (555.64 KB)()
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ICGFM (136.31 KB)(United States of America)
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CIPFA (209.04 KB)(United Kingdom)
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Denise Silva Ferreira Juvenal (111.27 KB)(Brazil)
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Accounting Standards Board (South Africa) (161.55 KB)(South Africa)
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The Treasury (561.9 KB)(New Zealand)