The IAASB has responded to the Nordic Federation of Public Accountants’ initiative to explore ways to further support small and medium practices promote audits as a valued service for small entities.
The International Public Sector Accounting Standards Board® (IPSASB®) has released Exposure Draft 59, Amendments to IPSAS 25, Employee Benefits, as part of an effort to issue a revised IPSAS 25 to be converged with the underlying IAS 19, Employee Benefits.
The main amendments proposed in ED 59 improve IPSAS 25 in the recognition, presentation, and disclosure of defined benefit plans.
