IPSASB Publishes 2010 Annual Improvements Standard

The International Public Sector Accounting Standards Board (IPSASB) has published Improvements to IPSASs—2010. The publication completed the IPSASB's improvements project for 2010. The IPSASB's improvements project was modeled on the IASB's annual update program. Improvements were made to existing IPSASs to maintain alignment with International Financial Reporting Standards (IFRSs), as well as other general improvements. The 2010 amendments relate primarily to requirements for recognition, measurement, and disclosure. They did not represent substantive revisions to the content of existing standards.

Improvements to IPSASs—2010 is available to download free of charge from the IPSASB section of IFAC's Publications and Resources site (web.ifac.org/publications). The IPSASB encourages IFAC members, associates, regional accountancy bodies, and firms to use these materials and to promote their availability to members and employees.

Source:  http://www.ifac.org/