The International Ethics Standards Board for Accountants (IESBA) seeks public comment by July 16, 2018, on its Proposed Strategy and Work Plan, 2019-2023.

The International Public Sector Accounting Standards Board^® (IPSASB^®) has published a Consultation Document on its proposed Strategy and Work Plan for 2019-2023.

The draft Strategy emphasizes the importance of International Public Sector Accounting Standards (IPSAS) to public financial management reforms and proposes the following strategic objective:

The International Public Sector Accounting Standards Board (IPSASB) has issued Exposure Draft 64, Leases.

The Exposure Draft proposes a single right-of-use model for lease accounting that will replace the risks and rewards incidental to ownership model in IPSAS 13, Leases. 

For lessees, ED 64 proposes accounting requirements that are converged with IFRS 16, Leases issued by the International Accounting Standards Board. For lessors, ED 64 proposes a right-of-use model specifically designed for public sector financial reporting.

Update: The IESBA has extended their deadline to March 1, 2018 to give stakeholders an extra month to respond to their Fees Questionnaire. 

The International Public Sector Accounting Standards Board (IPSASB) has issued Exposure Draft 63, Social Benefits.

The Exposure Draft addresses accounting for the delivery of social benefits, such as retirement, unemployment, and disability, aiming to improve consistency, transparency, and reporting by public sector entities of social benefit schemes, which account for a large portion of government expenditure in most jurisdictions.

The proposals strengthen the provisions in the Code of Ethics for Professional Accountants regarding the accepting and offering of inducements by establishing a comprehensive framework that covers all forms of inducements and which applies to both professional accountants in business and professional accountants in public practice.  The proposals would also require professional accountants to understand and comply with relevant laws and regulations in situations related to bribery and corruption and prohibit the offering and accepting of inducements with intent to imprope

This Consultation Paper discusses two potential approaches for recognition of revenue for transactions that have performance obligations or stipulations:

The International Ethics Standards Board for Accountants (IESBA) Strategy Survey seeks early input into the key issues the IESBA should address that might impact its Code of Ethics for Professional Accountants. This is a first step in the development of the IESBA’s strategy and work plan beyond 2018.

This proposed revision of International Education Standard 7, Continuing Professional Development, places greater emphasis on learning and development directly related to an accountant’s professional responsibilities rather than simply focusing on a minimum number of hours of continuing professional development (CPD).