Dr. Kobayashi is a professor at the Graduate School of Political Science, Waseda. She was a president of the Board of Audit of Japan from 2018-2019, and the deputy president of the Board of Audit of Japan from 2013-2018. Dr. Kobayashi is the chair of JICPA Self-Regulatory Monitoring Conference from 2021. She is the chair of Subcommittee on Financial Inspection, Intellectual Property Committee, Industrial Structural Counsil from 2021. She is also a member of a JICPA project team studying governance for public service deliverers from 2023.
In Japan, Dr. Kobayashi was a member of the Fiscal System Council; Business Accounting Council; Secretariat of Supervisory Commission for Public-Private and Private-Private Competitive Tenderings; Committee for the Promotion of the Private Finance Initiative; and Commission on Policy Evaluation and Evaluation of Incorporated Administrative Agencies, Ministry of Internal Affairs and Communications. Dr. Kobayashi was also a member and chief of executive committee for the working group on local public enterprise strategy throughout the 21st century for the Local Public Enterprise preCommunications, and an expert advisor for the Committee for the Promotion of the Private Finance Initiative.
Dr. Kobayashi earned a PhD in commerce at Waseda University and has published many articles and books including, the Management Accounting for the Government.
Renée Pichard, FCPA, FCA, became a member of the IPSASB in January 2021. She was nominated by CPA Canada. Ms. Pichard is a partner at Deloitte Canada and a leader in the Public Sector Assurance practice with 30 years of diverse professional and executive leadership experience in both the public and private sectors. She leverages her expertise to help public sector organizations navigate through change and improve their ability to provide reliable financial and sustainability related information. Prior to joining Deloitte, Ms. Pichard held the position of Assistant Auditor General at the Office of the Auditor General of Canada, where she spent 17 years developing expertise in advising public sector clients on complex accounting transactions under IFRS as well as Canadian and International Public Sector Accounting Standards.
Ms. Pichard was a technical advisor with the IPSASB between 2013 and 2019. She has also contributed to the establishment of auditing and accounting standards in Canada as a member of various task forces.
Ms. Pichard graduated from the Université du Québec en Outaouais in 1993 and received her accounting designation in 1995.
Mr. Hervé-Adrien Metzger was appointed as IPSAS Board Member in January 2021, nominated by the Conseil Supérieur de l'Ordre des experts-comptables and the Compagnie Nationale des Commissaires aux comptes of France.
Mr. Metzger joined the Cour des comptes, the French Supreme Audit Institution, in 1990 following a previous career as a naval officer (admin, financial and legal) which he retired with the grade of Captain (N). He was appointed as Senior Judge in 2006. His areas of expertise are in education, culture and defence as he served as the lead advisor for economic and financial affairs in the private office of the Minister of Defence in 1997. Since 1993, Mr. Metzger has been particularly involved in financial and performance auditing of many international organisations, including but not limited to, the International Criminal Court (ICC); the United Nations Educational, Scientific and Cultural Organization (UNESCO); the Western European Union (WEU); the Food and Agriculture Organisation of the UN (FAO); and the European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT). He also served four years on the International Board of Auditors for NATO of which he is a past chairman.
Mr. Metzger is a trained engineer (Ecole Polytechnique of France), lawyer and auditor. He was a recipient of the Legion of Honor in 2001 and received the decoration of Officer in the French National order of Merit and of Knight in the Order of Arts and Literature.
Sayja Barton became a Technical Advisor for Renée Pichard in 2021. Ms. Barton is the Director of National Accounting Standards for Binder Dijker Otte (BDO) Canada LLP. In her current role, she assists engagement teams with complex accounting issues related to Canadian Public Sector Accounting Standards (PSAS), Accounting Standards for Private Enterprises (ASPE) and Accounting Standards for Not-for-Profit Organizations (ASNPO). She also develops BDO's courses and tools related to accounting and financial reporting, writes internal and external accounting and financial reporting publications and training, and provides accounting advisory services on complex matters.
Ms. Barton has held positions in the public accounting sector and has worked for a large government business enterprise. Ms. Barton contributes to accounting standard setting by preparing feedback to standards setters on documents available for comment on behalf of BDO Canada. She is also a member of the Canadian Public Sector Accounting Board's (PSAB) Public Sector Accounting Discussion Group and the Chair of PSAB’s Technical Advisory Group.
Ms. Barton is a chartered professional accountant and holds a Bachelor of Arts (Chartered Accountancy Studies) and a Master of Accounting from the University of Waterloo.
ED 75 proposes an IFRS 16, Leases aligned model for lease accounting in the public sector. For lessees, as with the IPSASB’s previous proposals in ED 64, ED 75 proposes a right-of-use model that will replace the risks and rewards incidental to ownership model in International Public Sector Accounting Standard® (IPSAS®) 13, Leases. For lessors, ED 75 proposes to substantially carry forward the risks and rewards incidental to ownership model in IPSAS 13 in response to ED 64 comments and practical IFRS 16 implementation experience.
Issued alongside ED 75, the Request for Information will provide the IPSASB with further information on the issues that need to be considered in accounting for concessionary leases and other arrangements similar to leases that are quite common in the public sector. This will then allow the IPSASB to determine the nature and extent of the additional guidance required in phase two of the Leases project.
“In light of the responses to ED 64, Leases, and emerging practical experience with implementing IFRS 16, the IPSASB decided to revise its overall approach to the Leases project,” said IPSASB Chair Ian Carruthers. “The proposals in ED 75 will improve the transparency of lease accounting in the public sector, while allowing it to benefit from the private sector experience in implementing IFRS 16. The Request for Information will provide the IPSASB with further background on the more complex lease-related transactions common in the public sector, enabling the Board to decide what further guidance is required.”
How to Comment To access the Exposure Draft, its summary At-a-Glance document, and the Request for Information or to submit a comment, visit the IPSASB website, www.ipsasb.org. Comments are requested by May 17, 2021. The IPSASB encourages IFAC members, associates, and Network Partners to promote the availability of this Consultation Paper to their members and employees.
About the IPSASB The International Public Sector Accounting Standards Board (IPSASB) works to strengthen public financial management globally through developing and maintaining accrual-based International Public Sector Accounting Standards® (IPSAS®) and other high-quality financial reporting guidance for use by governments and other public sector entities. It also raises awareness of IPSAS and the benefits of accrual adoption. The Board receives support from the Asian Development Bank, the Chartered Professional Accountants of Canada, the New Zealand External Reporting Board, and the governments of Canada and New Zealand. The structures and processes that support the operations of the IPSASB are facilitated by the International Federation of Accountants (IFAC). For copyright, trademark, and permissions information, please go to permissions or contact permissions@ifac.org.
About the Public Interest Committee The governance and standard-setting activities of the IPSASB are overseen by the Public Interest Committee (PIC), to ensure that they follow due process and reflect the public interest. The PIC is comprised of individuals with expertise in public sector or financial reporting, and professional engagement in organizations that have an interest in promoting high-quality and internationally comparable financial information.
Exposure Draft 75, Leases, and Request for Information, Concessionary Leases and Other Arrangements Similar to Leases
The International Public Sector Accounting Standards Board(IPSASB®) has issued Request for Information, Concessionary Leases and Other Arrangements Similar to Leases.
The Request for Information will provide the IPSASB with further information on the issues that need to be considered in accounting for concessionary leases and other arrangements similar to leases that are quite common in the public sector. This will then allow the IPSASB to determine the nature and extent of the additional guidance required in phase two of the Leases project.
