IPSASB 2025 Work Programme Consultation

Our strategy is underpinned with adopting international standards and ensuring they are locally relevant. Internationally, the International Public Sector Accounting Standards Board (IPSASB) is consulting on its work programme. Having set its overall strategy for the period 2024-2028, the IPSASB seeks to understand stakeholders’ greatest needs in relation to individual financial reporting projects, post implementation reviews, and sustainability reporting projects.

Hearing from our stakeholders allows our submissions to capture the needs of New Zealand, advocating for the standards we think are most in need of review and for guidance on types of transactions that we think might become more prevalent going forward. Understanding where the pain-points in our standards are helps inform our submission to the IPSASB.  

Your feedback is important

We encourage you to read the Consultation Papers and to share your comments with us.

The IPSASB’s financial reporting work programme affects future developments relating to financial reporting standards for Tier 1 and Tier 2 PBEs, which are largely based on IPSAS, so it is important that we receive comments from preparers and users of PBE financial statements. 

The consultation

The IPSASB staff paper Potential Projects provides a list of potential 

  • Financial reporting projects, 
  • Post Implementation Reviews (PIRs); and 
  • Sustainability and other reporting projects.

The paper describes what each project could entail including IPSASB staff’s initial against the IPSASB’s project prioritisation criteria.

The Work Program Consultation itself does not propose any specific projects, as the IPSASB wants to hear from respondents about the projects that are the highest priority to them, whether they are on the Potential Projects list or not.

Let us know your views on the following:

  • The possible projects listed in Potential Projects – Which projects should be prioritised? Do you agree with the project descriptions and rationale for prioritisation, or do you suggest changed? 
  • Are there are any other projects that should be prioritised, and why? 

Please note: The IPSASB indicated that a PIR will generally not commence until at least five years after the IPSASB’s effective date of a standard, to allow sufficient time for standards to be adopted by individual jurisdictions and application issues and trends to emerge.

Please also note: At present, there is no mandate for the XRB to issue public sector sustainability reporting standards.

Accessing the consultation documents

Commenting on the Proposals

Please send your comments—both formal and informal—by 26 March 2026, using the secure upload form below.

Comments can also be made directly to the IPSASB (by 4 May 2026), using this link to IPSASB 2025 Work Program Consultation. When submitting directly, we encourage you to send a copy of your submission to us using the upload form below.

 

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.

Consultations