The International Public Sector Accounting Standards Board (IPSASB) plans to develop a new accounting standard on the presentation of financial statements, which would replace its 2001 standard (IPSAS 1).
Through a public consultation, open until 14 September, IPSASB will obtain views on how the presentation of financial information can be improved. This feedback will inform its project to develop a replacement for IPSAS 1.
IPSASB chair Thomas Müller-Marqués Berger stated: “Improving how public sector financial information is communicated is essential to ensuring it is useful and actually used by those it is intended to inform.”
Companies:IPSASB
People:Thomas Müller-Marqués Berger