IPSASB consults on public sector accounting for financial instruments

Released 28 August 2019

Exposure Draft 69 (ED), Public Sector Financial Instruments, Amendments to IPSAS 41 will see the inclusion of additional non-authoritative guidance in the standard to clarify the requirements for classifying, recognising and measuring public sector specific financial instruments.

The proposed new standard will supplement existing guidance and improve the quality of the standard by introducing additional guidance on:

monetary gold;

currency in circulation;

IMF quota subscriptions; and

special drawing rights.

The closing date for comment is 31 December 2019.

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