Consultation response

5 February 2016

FEE submits views on IPSASB’s consultation paper on social benefits

 

The provision of social benefits (such as unemployment benefits, state pensions, sickness benefits, etc.) represents a significant proportion of government expenditure in most EU Member States. The accounting treatment of social benefits is a key public sector issue and has been lacking in the IPSASs so far. This consultation is the IPSASB’s latest initiative to push forward with the development of the standard. It discusses three possible approaches: the obligating event approach, the social contract approach, and the insurance approach.

The federation of European accountants welcomes this initiative, and supports the IPSASB’s preliminary conclusion that a combination of the obligating event approach and the insurance approach is the best way forward. For more information please see the complete response below.

Related files

Response to IPSASB Consultation Paper – Recognition and Measurement of Social Benefits

 

Related content

EventEquipping the public sector for sustainability action

4 April 2023

Consultation responseIPSASB’s exposure draft 83, reporting sustainability program information

17 January 2023

Consultation responseIPSASB’S consultation on natural resources

18 October 2022

Consultation responseIPSASB’s consultation on advancing public sector sustainability reporting

9 September 2022

BlogAccountants and ethics: promoting trust in the public sector

8 September 2022

EventBecause Green Recovery Counts

27 January 2022

Consultation responseIPSASB’s mid-period work program consultation

30 November 2021

Consultation responseIPSASB’s public consultation of Exposure Drafts 76 and 77

10 November 2021

EventForce for Change: Mobilising the public sector for a sustainable economy

3 June 2021

Consultation responseIPSASB’s public consultation of Exposure Draft 75

12 May 2021

NewsBecause green recovery counts

4 March 2021

Consultation responseIPSASB’s public consultation of exposure drafts 70 to 72

23 October 2020

Blog4 steps to a sustainable recovery from COVID-19

6 August 2020

Podcast Public sector and the coronacrisis (Part 2)

17 July 2020

Podcast Public sector and the coronacrisis

3 July 2020

PublicationCoronacrisis: actions for the public sector

28 May 2020

PublicationCoronacrisis: short-term actions for the public sector

28 May 2020

PublicationCoronacrisis: long-term actions for the public sector

28 May 2020

PublicationCoronacrisis: lessons for a more sustainable future

26 May 2020

PublicationOur work on the future of audit & assurance

4 May 2020

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?