The International Public Sector Accounting Standards Board (IPSASB) has issued a new accounting standard (IPSAS 51) on tangible natural resources held for conservation.
IPSASB Chair Thomas Müller-Marqués Berge stated: “IPSAS 51 helps governments better connect environmental stewardship with public finances, improving transparency around how today’s choices affect public wealth and future generations.”
The standard is effective for reporting periods beginning on or after 1 January 2028, with earlier application permitted.
Companies:IPSASB
People:Thomas Müller-Marqués Berge
