1. Task force IPSAS Agenda point 6.1
Review of IPSAS standards
5-6 July 2012
Giovanna Dabbicco
Eurostat D4
GFS Quality management and government accounting
* Document will be updated later with the contribution from Sweden

2. Eurostat identified 3 categories of standards :
Background
Eurostat identified 3 categories of standards :
standards that might be implemented immediately (a core)
standards that need adaptation, or for which a selective approach would be needed
standards that are seen as too problematic to implement 2

3. Contribution by the countries
Contributions were invited from delegates of the Task force
France, Denmark, UK, Bulgaria, Austria, Finland participated in this exercise
…but also Sweden and Hesse provided comments 3

4. Several points of view 4 The classification was based mainly on:
Accounting principles and approaches of the standards in comparison with ESA95
Practical applicability based on the national standards practise (degree of divergence with national standards)
Relevance / not relevance of the standards
…and
From a country perspective and from a broader EU position
Distinguishing categories of financial statement items
…..some others countries provided a not complete review of the suite of standards 4

5. Provisional findings – 1/5

6. Provisional finding – 2/56

7. Provisional finding – 3/5

8. Provisional finding– 4/5

9. Provisional finding - 5/5

10. Summary 4 IPSASs most need adaptation/selective approach:
4 IPSASs most problematic:
IPSAS 6 Consolidated Financial Statements
IPSAS Financial Instruments
IPSAS 25 Employee Benefits
4 IPSASs most need adaptation/selective approach:
IPSAS 13 Leases
IPSAS 18 Segment Reporting
IPSAS 23 Revenue from Non-Exchange Transactions
IPSAS 17 Properties, Plant and Equipment
….but also IPSAS 21, 26, 31