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IPSASB: ED 90 - amendments to IPSAS as a result of the application of IPSAS 46 Measurement
- 20 August 2024
- Financial Reporting
- South African Accounting Academy
The objective of the ED is to add the current operational value as an applicable current value measurement basis at initial and subsequent measurement in various IPSAS, update the definition of recoverable service amount in IPSAS 21, add a definition of accounting estimate to IPSAS 3 and enhance the consistency of current measurement disclosure in IPSAS.
A summary of the amendments proposed by ED 90 is provided in Table 1 at the beginning of the ED.
Comments are due on 29 November 2024.
You can access the 5-page “At a Glance”-document on https://ifacweb.blob.core.windows.net/publicfiles/2024-07/IPSASB-ED-90-At-a-Glance.pdf
Click here to download the 99-page Exposure Draft:
Relevance to Auditors, Independent Reviewers & Accountants:
- It is important to stay informed on publications issued by the regulators and standard-setters, e.g. IFAC & IPSASB.
- This ED focuses on the amendments to IPSAS as a result of the application of IPSAS 46, Measurement.
Relevance to Your Clients:
- It is important to stay informed on publications issued by the regulators and standard-setters, e.g. IFAC & IPSASB.
- This ED focuses on the amendments to IPSAS as a result of the application of IPSAS 46, Measurement.