Linkages Between IPSAS Standards and the Government Finance Statistics Manual 2014
Amendments to IPSAS 22
The International Public Sector Accounting Standards Board (IPSASB) published for comment the Exposure Draft ED 94 Linkages Between IPSAS Standards and the Government Finance Statistics Manual 2014 (Amendments to IPSAS 22).
The Exposure Draft proposes to add non-authoritative guidance to IPSAS 22 Disclosure of Financial Information About the General Government Sector.
IPSAS 22 applies to governments that elect to include information about the ‘general government sector’ – a concept used in statistical reporting – in their consolidated financial statements. For governments that elect to do so, the proposed guidance aims to assist with the preparation of disclosures under IPSAS 22, and with using IPSAS-based accounting data for statistical reporting purposes – by clarifying the similarities and differences between IPSAS Standards and the International Monetary Fund’s Government Finance Statistics Manual 2014.
In New Zealand, the PBE Standards suite includes PBE IPSAS 22, which is based on IPSAS 22. The scope of PBE IPSAS 22 is limited to the New Zealand Government, and the standard’s requirements are currently not applicable. Thus, PBE IPSAS 22 is currently not applied in New Zealand. Nevertheless, we are giving stakeholders the opportunity to comment on the IPSASB’s proposed amendments to IPSAS 22. We will consult separately before amending PBE IPSAS 22 in New Zealand.
Accessing the Exposure Draft
You may also want to read the IPSASB’s At a Glance document relating to this Exposure Draft.
Commenting on the Proposals
Comments to the XRB close on 25 May 2026 (via accounting@xrb.govt.nz or the form below).
You can submit your feedback directly to the IPSASB by 22 June 2026. If submitting directly to the IPSASB, sending us a copy of your submission would be appreciated
All submissions will be published on the XRB website unless confidentiality is requested. If you object to the release of any information in your submission, please identify the specific parts and the reasons under the Official Information Act 1982. We reserve the right not to publish defamatory submissions. Submissions are subject to the Official Information Act 1982 and the Privacy Act 2020. The XRB will handle personal information in accordance with these Acts.