Exposure Draft (ED) 76, Conceptual Framework Update: Chapter 7, Measurement of Assets and Liabilities in Financial Statements
The International Public Sector Accounting Standards Board® (IPSASB®) has issued Exposure Draft (ED) 76, Conceptual Framework Update: Chapter 7, Measurement of Assets and Liabilities in Financial Statements.
ED 76 proposes a measurement hierarchy to steer the IPSASB in developing standard-level measurement guidance and to help stakeholders apply the principles in practice.
The ED streamlines the measurement guidance in the Conceptual Framework by eliminating measurement bases that have not been used in the development of standards, inserts new or revised measurement bases, and focuses on those bases that are commonly used. It therefore aligns measurement concepts with the guidance in IPSAS.
This ED is part of a suite of four EDs that address how to measure assets and liabilities in the public sector, and should be read in conjunction with:
- ED 77, Measurement
- ED 78, Property, Plant, and Equipment
- ED 79, Non-Current Assets Held for Sale and Discontinued Operations
Supporting Resources have been developed to support constituents respond to this suite of EDs.
Submitted Comment Letters
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Accrual Accounting Center, Saudi Arabia (194.39 KB)(Saudi Arabia)
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Australasian Council of Auditors-General (221.14 KB)()
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ALLENS, ALOZIE & CO (CHARTERED ACCOUNTANTS) (295.21 KB)()
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Swiss Public Sector Financial Advisory Committee (229.09 KB)(Switzerland)
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CNoCP (229.27 KB)(France)
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The New Zealand Treasury (12.62 MB)()
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Valuology (357.35 KB)()
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XRB (642.88 KB)()
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Task Force IRSPM A&A SIG, CIGAR Network, EGPA PSG XII (380.78 KB)()
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IDW - Institut der Wirtschaftsprüfer e.V. (267.99 KB)(Germany)
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CPA Australia and Chartered Accountants ANZ (127.07 KB)()
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Kalar Consulting (604.06 KB)()
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Australian Accounting Standards Board (423.1 KB)()
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The Malaysian Institute of Certified Public Accountants (MICPA) (536.01 KB)(Malaysia)
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The Japanese Institute of Certified Public Accountants (149.69 KB)(Japan)
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South African Accounting Standards Board (176.64 KB)(South Africa)
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Public Sector Accounting Standards Board Kenya (125.82 KB)(Kenya)
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Public Accountants and Auditors Board (Zimbabwe) (170.14 KB)(Zimbabwe)
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Malaysian Institute of Accountants (MIA) (135.69 KB)(Malaysia)
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CPA Uganda (381.8 KB)()
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Focal - Colombia (1.52 MB)()
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Focal - Ecuador (1.52 MB)()
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Focal - El Salvador (1.52 MB)()
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Focal - Guatemala (1.52 MB)()
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Focal - Panama (1.52 MB)()
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Focal - Peru (1.52 MB)()
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Focal - Dominican Republic (1.52 MB)()
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Focal - Uruguay (1.52 MB)()
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Office of the Auditor General of Canada (587.73 KB)(Canada)
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FOCAL - Mexico (1.52 MB)()
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FOCAL- Chile (1.52 MB)()
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CIPFA (242.38 KB)()
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Chartered Accountancy Academy and Training and Advisory Services (173.3 KB)(Zimbabwe)
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The Institute of Chartered Accountants of Nigeria (370.42 KB)(Nigeria)
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Conselho Federal de Contabilidade (381.14 KB)(Brazil)
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Pontificia Universidad Javeriana (150.75 KB)(Colombia)
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Financial Reporting Council of Nigeria (236.68 KB)()
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Institute of Certified Public Accountants of Kenya (331.59 KB)()
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Ernst & Young GmbH (126.88 KB)()
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Institute of Chartered Accountants of India (455.46 KB)(India)
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Public Sector Accounting Board of Canada (213.68 KB)(Canada)
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Welch LLP (304.3 KB)()
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KPMG (161.99 KB)()
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Accountancy Europe (150.55 KB)()