NZASB Meeting 19 October 2021
Here is a summary of the main matters considered in the public sessions.
Post-implementation Review of Tier 3 and Tier 4 PBE Standards
The Board considered issues papers regarding the following topics raised by respondents to the Post-implementation Review of Tier 3 and Tier 4 PBE Standards:
(a) Accumulated funds;
(b) Opting up (to PBE Standards);
(c) Statement of service performance; and
(d) Grant and donation revenue recognition.
The Board will consider further issues raised by respondents at future meetings.
IPSASB Measurement projects
The Board approved its comment letter to the International Public Sector Accounting Standards Board (IPSASB) on the four measurement-related exposure drafts, EDs 76–79.
Disclosure Initiative – Targeted Standards-level Review of Disclosures
The Board approved its comment letter to the International Accounting Standards Board (IASB) on IASB ED/2021/3 Disclosure Requirements in IFRS Standards—A Pilot Approach.
IPSASB Mid-period Work Program Consultation
The Board approved its comment letter to the IPSASB on its Consultation Paper Mid-period Work Program Consultation.
Next NZASB meeting
Thursday 16 December 2021 (virtual).
This meeting summary refers to the work of the International Accounting Standards Board (IASB) and the International Public Sector Accounting Standards Board (IPSASB) and uses registered trademarks of the IFRS Foundation (for example, IFRS® Standards, IFRIC® Interpretations and IASB® papers).
Date And Time
- Virtual - By video conference
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