On Demand CPD - IPSAS Update - 2025

Presenter

Chantal Sofiadellis
Associate Director

View Presenter Profile here

CPD hours:  3.5

Course outline

The IPSAS landscape is changing.  Are you ready?  
Join our IPSAS 2026 update for a practical, in-depth look at the latest standards and amendments, including their impact on public sector reporting and decision-making.

The course aims to enhance financial management and reporting competence and excellence within the entity’s finance office, as well as among internal audit team officials responsible for reviewing the annual financial statements.

Content

The areas we will be covering in the session are:

1.     New standard - effective 1 January 2026

a.     IPSAS 47 Revenue

b.     IPSAS 48 Transfer expenses

c.     IPSAS 49 Retirement benefit plans

2.     Improvements to IPSAS, 2023 - effective 1 January 2026

3.     Amendments to IPSAS Standards: Specific IFRIC Interpretations added authoritative guidance - effective 1 January 2026

a.     IFRIC 1 Changes in existing decommissioning, restoration and similar liabilities - Amended IPSAS 19, 43 & 45

b.     IFRIC 5 Rights to interests arising from decommissioning, restoration and environmental rehabilitation funds - Amended IPSAS 19

c.     IFRIC 7 Applying the restatement approach under IAS 29 Financial Reporting in Hyperinflationary Economies - Amended IPSAS 10

d.     IFRIC 14 IAS 19—The Limit on a defined benefit asset, minimum funding requirements and their Interaction - Amended IPSAS 39

4.     New standard effective 1 January 2027

a.     IPSAS 50 Exploration for and evaluation of mineral resources

5.     Other amendments

a.     Making materiality judgements project - phase 1 - effective 1 January 2027

b.     Amendments to IPSAS Standards as a Result of the Application of IPSAS 46, Measurement - - effective 1 January 2028

c.     IPSAS 33 First-time Adoption of Accrual Basis International Public Sector Accounting Standards - effective 1 January 2028

Important to note:

• The course is open for 12 months and will then close.
• Certificates will be issued on the date of successful completion of the assessment.