IPSAS - Technical Update (1 day)

Course code: 3081


This one-day course brings delegates up-to-date with the latest pronouncements from the International Public Sector Accounting Standards Board (IPSASB). It provides experienced International Public Sector Accounting Standards (IPSAS) practitioners with information focused on the recent and upcoming changes to IPSAS. This update course also serves as a supplement to our overview Courses (see Course 3000: IPSAS (Accrual Basis) Immersion Workshop and Course 3011: IPSAS Fundamentals - Accrual Basis), which provide comprehensive overviews of the requirements for understanding and applying IPSASs.

This program updates on recent and future IPSAS developments, including Exposure Drafts and Consultation Papers. Topics are updated ahead of each course to ensure coverage of new / emerging issues. As a general principle, the course aims to cover those accrual basis Standards that at the date of the course have been issued but are not yet mandatory and those which become mandatory in the current year. The course has a particular focus on the new standards applicable for 2017, being IPSAS 33 First-time Adoption and IPSAS 34 to 38 concerned with consolidation and interests in associates and joint arrangements, as well as two new Standards: IPSAS 39 Employee Benefits (replacing IPSAS 25 from 2018 )and IPSAS 40 Public Sector Combinations (mandatory for 2019).

Course participants are encouraged to raise questions and interact with other delegates and explore their practical concerns about applying the new requirements.

This program answers questions such as:

  • What are the recent changes in IPSASs?
  • Which changes are mandatory and which represent guidance?
  • When will new requirements be effective?
  • Which entities should apply the changes?
  • What are the application and transition rules relating to new pronouncements?
  • What are the likely future changes in IPSASs and when will these take place?


  • New Standards for 2017
    • IPSAS 33 - First-Time Adoption of Accrual Basis IPSASs
    • Consolidation and Interests in Other Entities
      • IPSAS 34 - Separate Financial Statements
      • IPSAS 35 - Consolidated Financial Statements
      • IPSAS 36 - Investments in Associates and Joint Ventures
      • IPSAS 37 - Joint Arrangements
      • IPSAS 38 - Disclosure of Interests in Other Entities
  • New and Amended Standards for 2018
    • IPSAS 39 - Employee Benefits
    • IPSAS 21 & 26 - Impairment of Revalued Assets
  • New Standards for 2019
    • IPSAS 40 - Public Sector Combinations
  • Exposure Drafts
    • Exposure Draft 61 – Cash Basis IPSAS
    • Exposure Draft 62 - Financial Instruments
  • Current IPSASB projects
    • Work Plan
    • Consultation Paper - Public Sector Specific Financial Instruments
    • Consultation Paper - Social Benefits
    • Consultation Paper - Accounting for Revenue and Non-Exchange Expenses
    • Consultation Paper - Financial Reporting for Heritage in the Public Sector
    • Expected Consultation Paper - Leases
  • IPSASB Staff Q&A - Materiality
  • Brief overview of European proposals to develop EPSASs

Teaching method

  • Group live instruction with interactive participation encouraged
  • Explanation and discussion of current and upcoming accounting issues
  • Presentation of examples and case studies for illustration
  • Discussion of practical experiences and real-world applications
  • All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials


We will assume that participants have prior knowledge of existing IPSAS either as practitioners of IPSAS or through prior attendance on one of our accruals basis IPSAS courses. No advance preparation is required for this course.

Course benefits

  • Understand new IPSAS requirements, including accounting policies and disclosures
  • Apply recent and revised IPSAS
  • Increase planning opportunities through awareness of likely future IPSAS changes
  • Increase awareness of issues involved in the implementation of IPSAS and how to deal with them
  • Plan ahead for issues that arise when implementing future developments and anticipated IPSAS
  • Learn the sources of IPSAS guidance that are available
  • Interact with delegates who are involved in implementing IPSAS


See what past participants said about this course:

Always a pleasure to attend the training - great instructors with practical experience and excellent knowledge shared with participants!

Christine Boulanger, Treasurer, Chief of Financial Services,
International Training Centre of the ILO

Excellent. The course was quite informative. I have no doubt that the knowledge I gained will add value to my present team and towards the objectives of financial reporting.

Ndiimafhi Norah Netshisaulu, Accountant,
Future Logistics, South Africa

Small session is good, makes the course more relevant than a room full of people. Presentation excellent. An engaging and informative update delivered in a professional way to a manageable size cohort which in turn led to good participation.

The training has provided a good overview on the latest changes in IPSAS, the focus points to consider, the impacts expected on accounting and useful tips and hints to help accommodate to the changes.

Daniela Oehy, Fachspezialistin IPSAS F&R,
ETH Zurich, Switzerland

Who should attend?

  • Directors of finance / CFO’s of public sector entities
  • Accounting and finance professionals working in organisations that report under IPSAS or are in the process of adopting IPSAS
  • Internal and external auditors of IPSAS reporting entities
  • Consultants, analysts and academics with interests in IPSAS reporting

CPE / CPD Accreditation


IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. 

Field of study: Accounting

ICAEW Partner in Learning

IASeminars is proud to have been named as an ICAEW Partner in Learning, working together to offer the ICAEW IFRS Certificate to our clients worldwide. ICAEW (The Institute of Chartered Accountants in England and Wales) is a world leading professional membership organisation that promotes, develops and supports over 145,000 chartered accountants worldwide. CPE certificates obtained from attending IASeminars courses are an ideal way for ICAEW members and others to demonstrate their continuing professional development, provided that the topic is relevant to their learning and development needs.

New York State Board of Public Accountancy

IASeminars is registered with the New York State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: 002546. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.

Texas State Board of Public Accountancy

IASeminars is registered with the Texas State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: 009689. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.


  • This event will be held at Radisson Blu Edwardian Vanderbilt Hotel. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.


  • Alan Mayo

    Alan Mayo is a highly experienced instructor in the field of international financial reporting, with a particular professional interest in IFRS for oil and gas companies and also in IPSAS for the public sector. He is a UK chartered accountant with over 20 years of experience as an auditor and consultant with PricewaterhouseCoopers in both London and Paris. A founding member of the PwC Client Training business in London, Alan delivered courses on financial reporting and financial management to a wide range of PwC clients. Alan regularly instructs courses on international oil and gas accounting, and he has delivered in-house programmes for such organisations as ENI, Petronas, Kogas, Saudi Aramco, Nigerian Liquefied Natural Gas and the Ugandan Revenue Authority. He previously worked as an auditor on the privatisation of British Gas, and taught financial reporting and financial controllership programmes for Shell. Alan also managed a team within PwC that provided training and change management support to UK public sector agencies as they transitioned from cash to accruals based accounting, including the Foreign and Commonwealth Office and the Ministry of Defence. His current work includes supporting UK local authorities and not for profits in developing the financial management skills of their staff, and he has worked extensively with the UN and other international organisations in their transition to IPSAS. An independent training consultant since 2001, Alan has been a senior instructor with IASeminars since 2004.

In House

To bring this course in-house please contact us and we will be pleased to assist

Course details

Course schedule

Select a start date for more details

27 Sep 2017 London

Course level:
8 hours
Start date:
27 Sep 2017
Start time:
Finish date:
27 Sep 2017
Finish time:
GBP 900
Subject to UK VAT (Read more)
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