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IPSASB: ED 96 - Definition of an Operation and Recognition of Acquired Liabilities and Contingent Liabilities (Amendments to IPSAS 40)
- 19 May 2026
- Accounting
- South African Accounting Academy
Summary:
The International Public Sector Accounting Standards Board (IPSASB) has issued ED 96 to propose amendments to the definition of an operation and to the recognition of certain liabilities in IPSAS 40 - Public Sector Combinations.
Article:
ED deals specifically with the proposed amendments to Recognition of Acquired Liabilities and Contingent Liabilities within the Scope of IPSAS 19 (Amendments to IPSAS 40).
ED 96 provides guidance on the acquisition or amalgamation of public sector operations.
The objective of the Exposure Draft is to propose amendments to IPSAS 40, Public Sector Combinations to align with amendments to IFRS 3 Business Combinations arising from Definition of a Business (Amendments to IFRS 3) and Reference to the Conceptual Framework (Amendments to IFRS 3) issued by the International Accounting Standards Board (IASB).
IPSAS Accounting Standards relate to the general purpose financial statements (financial statements) and are authoritative.
Comments are due by 30 June 2026.
Click here to download the 26-page Exposure Draft:
https://ifacweb.blob.core.windows.net/publicfiles/2026-04/IPSASB-ED-96-Liabilities.pdf
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 96 provides guidance on the acquisition or amalgamation of public sector operations.
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 96 provides guidance on the acquisition or amalgamation of public sector operations.