Public Financial Management

IPSAS 41 Released to Improve Financial Instruments Reporting

The International Public Sector Accounting Standards Board (IPSASB) has released IPSAS 41, Financial Instruments. IPSAS 41 is based on International Financial Reporting Standard (IFRS) 9, Financial Instruments, developed by the International Accounting Standards Board (IASB), but it also includes public sector-specific guidance and illustrative examples on:

How to end excessive pay

This Corporate Governance: connect and reflect report from ICAEW examines how to tackle the issue of excessive pay.

Public Money For Public Good

This ICAEW report looks at case studies of how countries have taken practical steps to build trust in management of public money.


The IPSASB has developed an Exposure Draft (ED) 64 that proposes improvements to lease accounting in order to ensure that lessees and lessors provide relevant information in a manner that faithfully represents leasing transactions. Comments are requested by 30 June 2018.

Proposed IPSASB’s Strategy and Work Plan for the period 2019 – 2023

The International Public Sector Accounting Standards Board has developed a Consultation Paper on its new Strategy and