Amendments to PBE Standards: Specific IFRIC Interpretations
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We were consulting on proposed narrow-scope amendments and improvements to PBE Standards. These proposals are closely based on IFRIC interpretation guidance incorporated into the New Zealand for-profit standards. Those amendments are relevant to Tier 1 and Tier 2 public benefit entities (PBEs) in the public and not-for-profit sectors. |
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About ED PBE Standards: Specific IFRIC Interpretations
The Exposure Draft Amendments to PBE Standards: Specific IFRIC Interpretations contains the following proposed amendments to PBE Standards.
- Amendments to PBE IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets. Those amendments clarify the accounting for decommissioning, restoration and similar liabilities in Appendix A of PBE IPSAS 19, as well as the scope of Appendix B of PBE IPSAS 19, which relates to decommissioning, restoration and environmental rehabilitation funds.
- Amendments to PBE IPSAS 10 Financial Reporting in Hyperinflationary Economies. Those amendments clarify how an entity restates its financial statements in the first year of hyperinflation.
- Amendments to PBE IPSAS 39 Employee Benefits. Those amendments clarify how an entity should consider limits on the defined benefit asset and minimum funding requirements when accounting for its when accounting for its involvement in defined benefit plans.
Our Consultation Document and accompanying Exposure Draft outline these proposals.
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The consultation closed on Monday 1 December 2025.