IPSASB issues Exposure Draft on Arrangements Conveying Rights over Assets
IPSASB issues Exposure Draft on Arrangements Conveying Rights over Assets
The International Public Sector Accounting Standards Board (IPSASB) has issued Exposure Draft Arrangements Conveying Rights over Assets proposing amendments to IPSAS 47 Revenue and IPSAS 48 Transfer Expenses.
The proposed amendments to IPSAS 47, Revenue are consistent with the principles already exposed in ED 84, Concessionary Leases and Right-of-Use Assets In-kind (Amendments to IPSAS 43 and IPSAS 23) published in January 2023. Additionally, ED 88 proposes illustrative examples to accompany IPSAS 47 and IPSAS 48, Transfer Expenses on other types of arrangements conveying rights over assets that are common in the public sector.
The Exposure Draft is open for comments until 31 May 2024 and may be accessed here.
The proposed amendments to IPSAS 47, Revenue are consistent with the principles already exposed in ED 84, Concessionary Leases and Right-of-Use Assets In-kind (Amendments to IPSAS 43 and IPSAS 23) published in January 2023. Additionally, ED 88 proposes illustrative examples to accompany IPSAS 47 and IPSAS 48, Transfer Expenses on other types of arrangements conveying rights over assets that are common in the public sector.
The Exposure Draft is open for comments until 31 May 2024 and may be accessed here.