This presentation by Andreas Bergmann was made at the 14th Annual OECD Public Sector Accruals Symposium, Paris 3-4 March 2014. Find out more at www.oecd.org/gov/budgeting/14thannualoecdpublicsectoraccrualssymposiumparis3-4march2014.htm

1. IPSASB Update
Andreas Bergmann, Chair IPSASB
3 March 2014
OECD Accruals Symposium
Paris
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2. IPSASB Strategic Themes
• Development of Public Sector Conceptual Framework
• Public Sector Critical Projects (public sector specific,
maintenance of alignment with IFRS, alignment with
statistical accounting)
• Communications and promotion including adoption and
implementation
Governance not a strategic theme, but an area for
discussion, consultation and change
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3. Public Sector Conceptual Framework
Phase 1: Role, Authority and Scope; Objectives and Users; Qualitative
Characteristics; Reporting Entity
Consultation
Paper
Exposure
Draft
Final CF
Dec 12
Phase 2: Elements and Recognition in Financial Statements
Consultation
Paper
Exposure
Draft
Final CF
2014
Phase 3: Measurement
Consultation
Paper
Exposure
Draft
Final CF
2014
Phase 4: Presentation
Consultation
Paper
Exposure
Draft
Final CF
2014
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4. Public Sector Critical Projects – in progress
•
Long-Term Sustainability of Public Finances – Recommended Practise
Guideline issued 2013
•
Financial Statement Discussion and Analysis – Recommended Practise
Guideline issued 2013
•
IPSAS and GFS “Rules of the Road”
•
First Time Adoption – ED 2013
•
Update of IPSASs 6-8 – Includes Consolidated Financial Statements and Joint
Arrangements, ED 2013
•
Reporting Service Performance – RPG ED 2013
•
Public Sector Specific Financial Instruments (active), update IPSAS 28-30 (on
hold until completion of IFRS 9)
•
GBE definition
•
Social Benefits
•
Public Sector Combinations
•
Emission Trading Schemes (joint with IASB)
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5. Strategy and workplan consultation
Overarching:
• Strategic objective? Strengthening PFM
• Mission? Standards, RPGs, Outreach
More specifically
• Standards update after completion of Conceptual
Framework?
• Cash-Basis-IPSAS quo vadis?
In Detail:
• Workplan
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6. Adoption and implementation
Completion of projects:
- A number of implementation projects reached milestones or
were fully completed in 2013 (e.g. Austria, Spain, Kazakhstan)
- UN System has now completed all but two entities
Good progress on others, aiming for completion within the
next 2 to 3 years:
- Strong development in Latin America (e.g. Chile, Colombia,
Brazil, Panama, Costa Rica …)
- … and South-East Asia (e.g. Indonesia, Malaysia, PR of China
– rollout beyond pilot entities …)
EPSAS development in the EU
- Separate agenda item
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7. Questions Discussion & Further Information
• Visit our webpage http://www.ipsasb.org/
• Or contact us by e-mail :
Chair IPSASB: andreasbergmann@ifac.org
Technical Director: stepheniefox@ifac.org
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