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IFAC public sector exposure draft.

The International Public Sector Accounting Standards Board (IPSASB) of the International Federation of Accountants (IFAC) is working to improve both the quality and uniformity of financial information reported by public sector entities around the world. In pursuit of this objective, the IPSASB has issued an exposure draft (ED) of a proposed International Public Sector Accounting Standard (IPSAS), ED 30, Impairment of Cash-Generating Assets.

The majority of public sector entities globally operate for the purposes of delivering services to citizens. The IPSASB has already addressed assets that are held and operated primarily for the purposes of service delivery when it issued IPSAS 21, Impairment of Non-Cash-Generating Assets, in December 2004. ED 30 deals with cash-generating assets held and operated by public sector entities, which are not government business enterprises.


"IPSAS 21 deals with the impairment of non-cash-generating assets and directed readers to International Accounting Standard 36 for guidance on the impairment of cash-generating assets. However, our constituents indicated that it would be useful if IPSASs included further guidance dealing with the impairment of cash-generating assets. The issuance of this proposed standard responds to that view," says IPSASB Chair Philippe Adhemar.

Comments on the ED are requested by February 28, 2007. It may be viewed by going to Comments may be submitted by email to For more information visit
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Title Annotation:New and noteworthy information you can use
Publication:CMA Management
Date:Dec 1, 2006
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