IPSASB Approves a New Standard on Social Benefits
Posted by Paul Mason[1]
Accounting for social benefits has been the International Public Sector Accounting Standards Board’s (IPSAS) longest running and most controversial topic to date. With some gaps, the Board has been working towards a social benefits standard for almost sixteen years. It was therefore a cause for celebration when the IPSASB approved IPSAS 42, Social Benefits, at its December 2018 meeting in Kuala Lumpur, Malaysia.
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