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 language | English |
|---|---|
| Number of pages | 7 |
| Specialist publication | Public Finance Digest |
| Publisher | Chartered Institute of Public Finance Accountancy |
| Publication status | Accepted/In press - 1 Aug 2020 |
Research Groups and Themes
- AF Accountability Sustainability and Governance
Keywords
- Public sector
- accounting standards
- Social benefits
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