In this webinar, IPSASB Technical Director John Stanford and IPSASB Principal Paul Mason provide an introduction to IPSAS 40, Public Sector Combinations, including the project history, key definitions, approach to classification of combinations, and key changes since the Combinations Exposure Draft.

IPSAS 40 provides the first international accounting requirements that specifically address the needs of the public sector when accounting for combinations of entities and operations. The standard classifies public sector combinations as either amalgamations or acquisitions.

For amalgamations, the standard requires use of the “modified pooling of interests” method of accounting, which is a variation of the pooling of interests method of accounting (also referred to as “merger accounting”), in which the amalgamation is recognized on the date it takes place.

Ayres Moura became a Technical Advisor for the IPSASB in June 2016.

Mr. Moura is the Managing Director and Head of Capital Markets & Accounting Advisory Services for Latin America at Alvarez & Marsal, which specializes in accounting consultancy services for public and private entities.

Mr. Moura has more than 28 years of audit and accounting experience. Mr. Moura has degrees in accounting and business administration and has an MBA in business management.

The International Public Sector Accounting Standards Board^® (IPSASB) staff have issued a background paper to provide information on Emissions Trading Schemes (ETSs) and other government interventions that reduce emissions of greenhouse gases. The paper provides background information on ETSs and support the IPSASB’s potential future development of approaches for accounting for entities’ involvement in ETSs. This publication is not an IPSASB pronouncement and does not represent IPSASB members' views.

• Emissions Trading Schemes—Staff Background Paper

The IPSASB's "A Closer Look at:" series examines the challenges and benefits of governments adopting IPSAS and accrual accounting. In print and video interviews, each nation's expert describes the process and shares key details, timelines, and lessons learned.

Juan Zhang, IPSASB Member and Director, Accounting Regulatory Department, Ministry of Finance, China, discusses China's experience with IPSAS adoption and implementation.

Mr. Nyong has devoted 22 years of his career to public financial management system out of which he served as Auditor-General of Cross River State for 17 years. During this period, he also performed the role of Activity Executing Agency (AEA) for Development Partner Projects, including the World Bank -State Governance and Capacity Building Project, European Union - State Reforming Institutions Project and EU-Funded/World Bank-Managed State and Local Governance Project.

In collaboration with the Cross River State Government (CRSG), Mr. Nyong facilitated the establishment of the CRSG/ICAN Tuition Centre where candidates are prepared for the professional examinations of the Institute of Chartered Accountants of Nigeria {ICAN). The Centre has produced over 600 chartered accountants since its inception in August 2008.

He was a member of the Governing Council of ICAN 2008-2011. He also served in various committees of the Institute. He was Chairman, Accountants’ Investigation Panel. He was Chairman, Calabar and District Society of ICAN from 2004-2010.

As a Trainer, Mr. Nyong was a Facilitator to the Financial Institutions Training Centre (FITC) on Bank Audit, a Facilitator to ICAN’s MPCE on Public Sector Accounting and Paper Presenter on public financial management reforms within and outside Nigeria.

Mr. Nyong has ten years’ experience in banking as Financial Controller, Branch Manager and Head of Energy Sector with Cooperative Development Bank PLC and Chartered Bank PLC.

He is currently, Presiding Chairman, FAAC Sub-Committee on IPSAS Implementation in Nigeria and Deputy Chairman, ICAN Accountability Index Steering Committee.

His Technical Advisor is Iheanyi Anyahara.

Meeting Podcasts

An audio podcast reviewing key points of the December 2016 meeting is now available. A separate podcast on the Consultative Advisory Group (CAG) meeting is also available.

Listen to December IPSASB Highlights>> Listen to December IPSASB CAG Highlights>>

Highlights from the IPSASB Consultative Advisory Group (CAG)'s December 5, 2016, meeting in Stellenbosch, South Africa.

:10 Introduction 

:37 Meeting Summary from IPSASB CAG Chair Thomas Müller-Marqués Berger  

9:13 Closing

Highlights from the IPSASB's December 6-9, 2016, meeting in Stellenbosch, South Africa.

0:10 Introduction

:52 Overview from Chair Ian Carruthers, including Impact of Consultative Advisory Group

2:36 Public Sector Combinations

3:59 Revenue and Non-exchange Expenses

5:28 Heritage

7:00 Closing

This background paper, issued by IPSASB staff, provides information on Emissions Trading Schemes (ETSs) and other government interventions that reduce emissions of greenhouse gases, including different types of government interventions and their economic impacts. This publication is not a pronouncement of the IPSASB and does not represent the views of IPSASB members.