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IPSAS Presentation: Limited proposed changes to the Statement of Financial Position

Accounting Standards BoardRef: https://www.asb.co.za/ipsas-presentation-limited-proposed-changes-to-the-statement-of-financial-position/

Official source

Source domain: asb.co.za

Collected on 28 July 2026

Always confirm details on the official source before acting.

Our copy (archived 28 July 2026)Official source

What this means

This is a news/blog article published on 21 July 2026 by the Accounting Standards Board (ASB) about an IPSASB consultation on limited proposed changes to the Statement of Financial Position. It states that the IPSASB proposes to retain the current/non-current classification as the primary approach, while continuing to allow presentation by order of liquidity or a mixed approach. The article also notes a targeted refinement to add a separate goodwill line item to required Statement of Financial Position line items, and that the IPSASB decided not to propose more prescriptive formats or additional subtotals to preserve flexibility. The ASB says it is consulting locally through ED 221 and invites written input before 31 August 2026.

Facts

Reference

https://www.asb.co.za/ipsas-presentation-limited-proposed-changes-to-the-statement-of-financial-position/

Key Takeaways

  • Published: 21 July 2026
  • Subject: IPSASB proposed changes to the Statement of Financial Position
  • Retain current/non-current classification as primary approach
  • Continue allowing order of liquidity or mixed presentation
  • Add separate goodwill line item to required Statement of Financial Position line items
  • Align goodwill presentation with IFRS 18 Presentation and Disclosure in Financial Statements
  • No proposal for more prescriptive formats/additional subtotals (to preserve flexibility)
  • ASB local consultation: ED 221
  • Comment deadline: 31 August 2026
  • Input emails: info@asb.co.za and siyasangan@asb.co.za
  • Reference to Consultation Paper preliminary views 5 to 7
  • Accounting Standards Board (ASB)
  • IPSASB
  • IFRS 18 (standard referenced)
  • ASB Secretariat
  • South Africa (implied for response)

Dates

Closing Date

31 August 2026