Accountancy Europe responded on IPSASB’s ED on Social Benefits

28 March 2018

Accountancy Europe responded to the IPSASB on its ED on Social Benefits and encouraged the development of high quality financial reporting standards which are designed to address the specificities of the public sector environment.

Existing IPSASs currently do not provide requirements on how to account for social benefits, such as retirement, unemployment and disability. Social benefit schemes however account for an important portion of government expenditure.

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