General comments on the exposure draft
Generally we are pleased to see that the International Accounting Standards Board has a programme of work to keep IPSAS standards up to date and appropriately aligned to those IFRSs that have been the subject of recent changes. We have noted that some amendments have been deferred until future projects commence on specific standards, such as IPSASB’s entity combinations project, and believe that this is the most efficient approach for dealing with the amendments.
In respect of the specific changes set out in ED44, we agree with the amendments made in both Part 1 and Part 11 of the exposure draft.
