Controversies in the development of IPSAS42: Is 'being alive' a recognition or a measurement criterion?

Sheila M Ellwood, Rhoda Brown*

*Corresponding author for this work

Research output: Contribution to specialist publicationArticle (Specialist Publication)

Abstract

The new social benefits standard, IPSAS 42, had a long and difficult gestation. IPSASB commenced the project on social benefits in 2002 and issued a series of consultation papers and exposure drafts. Work on accounting for this important area of public spending was then deferred for several years while the IPSASB completed the Conceptual Framework for Financial Reporting by Public Sector Entities in 2014, and IPSAS 42 was finally completed in 2018 following the issue of both a further consultation paper and an exposure draft.
Original languageEnglish
Number of pages7
Specialist publicationPublic Finance Digest
PublisherChartered Institute of Public Finance Accountancy
Publication statusAccepted/In press - 1 Aug 2020

Research Groups and Themes

  • AF Accountability Sustainability and Governance

Keywords

  • Public sector
  • accounting standards
  • Social benefits

Fingerprint

Dive into the research topics of 'Controversies in the development of IPSAS42: Is 'being alive' a recognition or a measurement criterion?'. Together they form a unique fingerprint.

Cite this