This folder includes information about International Financial Reporting Standards (IFRS). IFRS are relevant to IPSAS adoption, because the relevant IFRS standard should be applied whenever there is no IPSAS standard for a particular accounting topic. For example, there is no IPSAS that deals with intangibles and IAS 38 Intangible Assets, the relevant IFRS, will need to be applied when accounting for intangibles.
The audit firm PriceWaterhouseCoopers provides guidance on IFRS accounting requirements on this website, including a pocket guide, measurement checklist, disclosure checklist and guidance on accounting for financial instruments.
The audit firm Ernst and Young provides information about IFRS and IASB developments on this site. The site includes e-learning material, newsletters and guidance on a range of topics including accounting for financial instruments.
The International Accounting Standards Board (IASB) is responsible for developing International Financial Reporting Standards. This website includes information about the IASB, including discussion documents and draft accounting standards.
This website gives free access to the Australian 'IFRS equivalent' financial reporting standards. These are accessed via the 'AASB Standards' link in the top left-hand corner. These Australian 'IFRS equivalent' financial reporting standards are a good starting point for information about IFRS requirements. Organizations that comply with these AASB standards can claim IFRS compliance, so long as they have not applied any of the 'public benefit entity' amendments, which are all clearly indicated within the standards.
The audit firm Deloitte Touche-Tohmatsu provides information about IFRS and IASB developments on this site. The site includes e-learning material, newsletters and guidance on a range of topics including accounting for financial instruments.