NEW YORK- The International Public Sector Accounting Standards Board (IPSASB), announced on September 6, 2007 that it is seeking comments on an exposure draft (ED) 33, Amendments to IPSAS 4,” The Effects of Changes in Foreign Exchange Rates.”
The IPSASB is seeking comments on ED 33 by December 31, 2007. The ED available is available on the following website: www.ifac.org .
IPSASB, an independent standards-setting board of the International Federation of Accountants (IFAC), focuses on the accounting and financial reporting needs of national, regional, and local governments. The primary goal of the IPSASB is to achieve convergence in financial reporting between different governments, with private sector, and between financial reporting and economics statistics.
For more information please visit the following website: www.ifac.org