New Accounting Standards for Public Benefit Entities
| This page provides Public Benefit Entities in the Not-for-Profit and Public Sectors a snapshot of new and amending standards to consider when preparing financial statements. |
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For these new and amending standards application is required for periods beginning on or after 1 January of the following years.
2024 |
2025 |
2026 |
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Not-For-Profit and Public Sector
Select your balance date for new standards requiring first-time adoption in each reporting period:
There are no new standards or amending standards to apply for periods beginning 1 January 2025.
Application required for periods beginning on/after 1 January 2024
- Disclosure of Fees for Audit Firms’ Services (Amendments to PBE IPSAS 1)
- 2024 Omnibus Amendments to PBE Standards (Amendments to PBE IAS 12)
Application required for periods beginning on/after 1 January 2024
- Disclosure of Fees for Audit Firms’ Services (Amendments to PBE IPSAS 1)
- 2024 Omnibus Amendments to PBE Standards (Amendments to PBE IAS 12)
Application required for periods beginning on/after 1 January 2024
- Disclosure of Fees for Audit Firms’ Services (Amendments to PBE IPSAS 1)
- 2024 Omnibus Amendments to PBE Standards (Amendments to PBE IAS 12)
Application required for periods beginning on/after 1 January 2024
- Disclosure of Fees for Audit Firms’ Services (Amendments to PBE IPSAS 1)
- 2024 Omnibus Amendments to PBE Standards (Amendments to PBE IAS 12)
Application required for periods beginning on/after 1 January 2023
- PBE IFRS 17 Insurance Contracts (NFP only)
- 2022 Omnibus Amendments to PBE Standards
- Public Sector Specific Financial Instruments (Non-Authoritative Amendments to PBE IPSAS 41)
Application required for periods beginning on/after 1 January 2023
- PBE IFRS 17 Insurance Contracts (NFP only)
- 2022 Omnibus Amendments to PBE Standards
- Public Sector Specific Financial Instruments (Non-Authoritative Amendments to PBE IPSAS 41)
Application required for periods beginning on/after 1 January 2023
- PBE IFRS 17 Insurance Contracts (NFP only)
- 2022 Omnibus Amendments to PBE Standards
- Public Sector Specific Financial Instruments (Non-Authoritative Amendments to PBE IPSAS 41)