IPSASB consults on public sector accounting for financial instruments

The International Public Sector Accounting Standards Board (IPSASB) is consulting on amendments to IPSAS 41, Financial Instruments to clarify how to account for a number of important categories of financial instruments that are specific to the public sector.

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.

Read more at the Accountancy Daily.