International Public Sector Accounting Standards Board (IPSASB)

🌱 We’re breaking new ground today with the launch of the draft of our first sustainability reporting standard for the public sector: Climate-related Disclosures. Climate change affects everyone, transcending borders and economic boundaries. Rapid progress on climate change requires public sector action, and effective action requires the quality information only sustainability reporting standards specific to the sector’s needs can provide. We’re developing Climate-related Disclosures to meet that need. To all of our public sector stakeholders, including preparers of public sector climate-related and other sustainability reports, regional and national sustainability reporting standard setters, professional accountants, sustainability assurance providers, and interested members of the public including indigenous peoples: we need your feedback. ✅Your comments will help shape the final standard which will assist governments and other public sector organizations around the world in being accountable for their actions to address climate change. Learn more: https://lnkd.in/eSehPiKG

Top 5️⃣ Moments of 2️⃣0️⃣2️⃣4️⃣ As we set our sights on 2025, we at the IPSASB wanted to take a look back at some of the most impactful moments for the board in 2024: 🎊 10th Anniversary of the Conceptual Framework: https://lnkd.in/efaWRN_G 🌱 Climate-Related Disclosures Approval: https://lnkd.in/eRQGj83X 📚 2024 IPSASB Handbook Published: https://lnkd.in/eCHrWcXp 🌳 IPSASB SRS 1 Official Launch: https://lnkd.in/epFqpGKe 🏢 Our Final Meeting at CPA Canada: https://lnkd.in/e-nZupCm Thank you for all of your support this year and see you in 2025!

The public sector has significantly different drivers and challenges than the private sector and needs its own sustainability reporting standards. Let us know what you think about our draft of the first sustainability reporting standard for the public sector: https://lnkd.in/eDqKzdzb

Happy holidays from all of us at the IPSASB 🔔🎶🔔

Climate change is a global issue that needs a global response led by the public sector. Share your thoughts on our draft IPSASB SRS Standard, Climate-related Disclosures: https://lnkd.in/eDqKzdzb

Thank you to our departing IPSASB Members who have had a significant impact on our work these past several years. We look forward to seeing your impact in the public sector and beyond. All the best to you, Liang Yang, Lynn Pamment CBE, Luzvi Chatto!

Following a productive September meeting where we approved several publications, our final meeting of 2024 focused on new initiatives that will demand more of our resources in 2025 and beyond. Thank you to our hosts Ministry of Finance, Saudi Arabia for providing such a welcoming experience and an impactful meeting to close out 2024. Read the latest from our projects in the December eNews. https://lnkd.in/eiXBAAss

At its December board meeting, the IPSASB approved Amendments to IPSAS Standards, regarding specific IFRIC Interpretations. Read more about these amendments from IPSASB principal Eileen Zhou, CPA, CA

The IPSASB successfully held its final meeting of 2024 in Riyadh, Saudi Arabia. We would like to thank our welcoming hosts His Excellency Abdulaziz Alfuraih and the Ministry of Finance, Saudi Arabia, for their support and hospitality over the week of the meeting, and for sharing their journey on implementing IPSAS Standards.

Finishing our final Board meeting in 2024 tomorrow in Riyadh, we'll cover maintenance activities and hear from Ross Smith about progress made on our work program. https://lnkd.in/eKX3GJxQ