Financial Reporting under the Cash Basis of Accounting

Proposed International Public Sector Accounting Standard as Amended by Exposure Draft 61, Amendments to Financial Reporting under the Cash Basis of Accounting (the Cash Basis IPSAS) Financial Reporting under the Cash Basis of Accounting Please note: This is not a consultative document. Parties wishing to comment on the proposed amendments to this IPSAS should refer to Exposure Draft 61. February 2016 This document was developed and approved by the International Public Sector Accounting Standards Board (IPSASB ). The objective of the IPSASB is to serve the public interest by setting high-quality public sector Accounting standards and by facilitating the adoption and implementation of these, thereby enhancing the quality and consistency of practice throughout the world and strengthening the transparency and accountability of public sector finances.

FINANCIAL REPORTING UNDER THE CASH BASIS OF ACCOUNTING . Structure of the Standard . This Standard comprises two parts: • Part 1 is mandatory. It sets out the requirements which are applicable to all entities preparing general purpose financial statements under the cash basis of accounting. It defines the cash basis

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