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Highlights

This letter provides the U.S. Government Accountability Office's comments on the International Public Sector Accounting Standards Board's Consultation Paper (CP) entitled Recognition and Measurement of Social Benefits. The CP builds on IPSASB's previous work and develops new ideas for consideration. As such, the CP advances the discussion of possible treatment for social benefits and considers matters such as the scope of a future standard on social benefits and related definitions, the extent to which liabilities of social benefits arise, and the recognition and measurement of any such liabilities.

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