International Public Sector Accounting Standards Board (IPSASB)

🌱 We’re breaking new ground today with the launch of the draft of our first sustainability reporting standard for the public sector: Climate-related Disclosures. Climate change affects everyone, transcending borders and economic boundaries. Rapid progress on climate change requires public sector action, and effective action requires the quality information only sustainability reporting standards specific to the sector’s needs can provide. We’re developing Climate-related Disclosures to meet that need. To all of our public sector stakeholders, including preparers of public sector climate-related and other sustainability reports, regional and national sustainability reporting standard setters, professional accountants, sustainability assurance providers, and interested members of the public including indigenous peoples: we need your feedback. ✅Your comments will help shape the final standard which will assist governments and other public sector organizations around the world in being accountable for their actions to address climate change. Learn more: https://lnkd.in/eSehPiKG

Friday is the final day to submit your comments to our drafts on Climate-related Disclosures and Tangible Natural Resources. Build a sustainable future with us 🌱 Significant resources and substantial investments are needed to address climate and transition to a low-carbon future. Public sector finances alone will not provide the resources needed to address this challenge. Capital markets play a vital role in public sector financing and will be needed to help fill the funding gap—but investors need reliable information to do so. To maintain access to and unlock new funding sources, governments will need to provide robust climate-related information. IPSASB SRS ED 1, Climate-related Disclosures proposes disclosure requirements for governments and public sector entities to report on (i) the climate-related risks and opportunities to its own operations and (ii) climate-related public policy programs and their outcomes. Share your comments on IPSASB SRS ED 1, Climate-related Disclosures: https://lnkd.in/eDqKzdzb Shape the future of public sector natural resources reporting 🫎 Natural resources—such as minerals, water, and forests—play a crucial role in economies worldwide. However, governments often lack clear guidance on how to account for these resources, impacting transparency and decision-making. Exposure Draft (ED) 92, Tangible Natural Resources proposes new accounting requirements to improve how public sector entities recognize, measure, and disclose these vital resources. Clear, high-quality reporting will enhance accountability and support sustainable management for future generations. Share your feedback on ED 92: https://lnkd.in/eNG6a327

Many governments struggle with valuing assets effectively, particularly infrastructure, heritage, and service-driven assets. ED 90, Amendments to IPSAS as a Result of the Application of IPSAS 46, Measurement introduces current operational value, which ensures assets are valued in a way that reflects their use in delivering public services, rather than relying on outdated cost models or private sector fair value measures. Now that ED 90 is closed, what's next for the application phase of the measurement project? Hear from Agustina Llambi, CPA, CA.

We just wrapped our regional roundtable in Kampala, Uganda. Thanks to PAN AFRICAN FEDERATION OF ACCOUNTANTS, African Union, and ICPAU (Institute of Certified Public Accountants of Uganda) for hosting us, bringing together perspectives from across the continent, and sharing valuable feedback to our open consultations on natural resources and climate-related disclosures. 🎦: Dave Warren

Join us in building a sustainable future 🌱 This is the final week to respond to the IPSASB SRS ED 1, Climate-related Disclosures. Your feedback is essential to shaping the future of public sector sustainability reporting standards. Regardless of your perspective, we want to hear from you. Renée Pichard, FCPA, FCA | Yacouba TRAORE | Kamira Sánchez Nicosia | Liang Yang

Fewer than 10 days remain to share your comments on two landmark consultations: 🌱 IPSASB SRS ED 1, Climate-related Disclosures, which will become the first sustainability reporting standard for the public sector. 🫎 ED 92, Tangible Natural Resources proposes guidance on the recognition, measurement, display and disclosure of tangible natural resources, a public sector first. Learn more and share your feedback: https://lnkd.in/ecVgnpj2

We’re at the 2025 Public Financial Management (PFM) Conference in Kampala, Uganda this week learning about the PFM landscape in Africa. Thank you to the African Union, the PAN AFRICAN FEDERATION OF ACCOUNTANTS, and ICPAU (Institute of Certified Public Accountants of Uganda) for hosting this fantastic event and creating this opportunity for discussions around transparency and accountability strengthening PFM in Africa. We are looking forward to hearing your feedback on our work at the IPSASB Roundtable following the conference on Thursday. Georgina Muchai, CEO, PSASB Kenya | jonah wala, IPSASB Member | Yacouba TRAORE, IPSASB Member | Dave Warren, IPSASB Director

How does a public sector entity decide what to put in a financial statement? We heard that some of our stakeholders were using disclosure requirements in IPSAS as a checklist for what to include in a financial statement, so we're looking at the consistency of materiality across our literature. Agustina Llambi, CPA, CA shares more about our Making Materiality Judgments project:

We rely on feedback and participation to shape the development of our standards and ensure our guidance is practical, relevant, and useful. Big thanks to SAICA for hosting a roundtable on the draft of our inaugural sustainability reporting standard in South Africa today. We heard some insightful feedback to consider when we review responses to IPSASB SRS ED 1, Climate-related Disclosures after the comment period closes February 28 🌱 📸 Jeanine Poggiolini, Chief Executive Officer, Accounting Standards Board | Dave Warren, IPSASB Director | Patricia Stock CA(SA), Chief Executive Officer, SAICA | Milton Segal, Executive Director: Standards, SAICA | Andrew van der Burgh CA(SA), IPASB Member  

Tangible natural resources encompass all naturally occurring items with physical substance which embody service potential or the capability to generate future economic benefits, and many governments lack information on their extent and value. We're proposing a new IPSAS to bridge this gap and need your feedback on our proposals by February 28: https://lnkd.in/eNG6a327