DocumentClosedreport
Ipsas Presentation What Do Financial Statements Communicate To Users
Accounting Standards BoardRef: REPLACE IPSAS 1
Official source
Source domain: asb.co.za
Collected on 17 July 2026
Always confirm details on the official source before acting.
What this means
This document is an ASB (Accounting Standards Board) news/blog article titled “IPSAS Presentation: What do financial statements communicate to users?”. It discusses an international IPSASB project to replace IPSAS 1 (Presentation of Financial Statements), including Preliminary Views and a Specific Matter for Comment, and considers whether a new public-sector standard should be developed using IFRS 18 as a foundation. The ASB states it is consulting locally through ED 221 to gather input for South Africa’s response, and invites stakeholders to submit comments before 31 August 2026.
Facts
Reference
REPLACE IPSAS 1
Key Takeaways
- Topic: what financial statements communicate to users
- International project: replace IPSAS 1 (Presentation of Financial Statements)
- IPSASB issued Preliminary Views and a Specific Matter for Comment
- Possible foundation for new standard: IFRS 18 Presentation and Disclosure in Financial Statements
- ASB local consultation: ED 221
- Comment deadline: 31 August 2026
- How to submit: email info@asb.co.za or siyasangan@asb.co.za
- Disclaimer: prepared by ASB Secretariat for information only; not reviewed/approved by the Board
- Accounting Standards Board (ASB)
- IPSASB (International Public Sector Accounting Standards Board)
- ASB Secretariat
- IFRS 18 (Presentation and Disclosure in Financial Statements)
- IPSAS 1 (Presentation of Financial Statements)
Dates
Closing Date
31 August 2026