The IPSASB sought feedback on what financial reporting projects, post-implementation reviews, and sustainability reporting projects are most important to stakeholders in delivering the IPSASB's Strategy and Work Plan 2024-2028. Based on resource availability the IPSASB anticipates being able to undertake up to the equivalent of two additional major projects (excluding PIRs as there are already separate resources allocated in the work program for PIRs), likely one beginning late 2026/early 2027, and another beginning late 2027/early 2028. However, this may be optimistic based on the IPSASB’s current ongoing projects and resources.

In terms of the current work plan, we support the IPSASB’s plans to undertake research on the architecture of its existing suite of literature to determine where guidance is best situated. We caution that the implementation support / educational materials that will be needed for IPSASB SRS 1, Climate-related Disclosures should not be underestimated. We also express concerns about the feasibility of the Climate-related Disclosures: Public Policy Programs (Phase 2) project.

Below are the projects we believe the IPSASB should prioritise:

Financial reporting projects

• IAS 37 Provisions, Contingent Liabilities and Contingent Assets (Targeted Improvements Project
• Disclosures about Uncertainties in the Financial Statements
• Revision of the guidance on the recognition of liabilities in Chapter 6 of the Conceptual Framework
• IFRS 17 Insurance Contracts
• IAS 38 Intangible Assets (Comprehensive Review)

Post-implementation reviews

• IPSAS 40 Public Sector Combinations
• IPSAS 35 Consolidated Financial Statements
• IPSAS 43 Leases
• IPSAS 41 Financial Instruments

Sustainability reporting projects

• Conceptual framework for sustainability reporting
• Nature-related Disclosures