two parts of the International Public Sector Accounting Standards (IPSAS) 2009 issued for the second consecutive year.

The amendments to the 2009 edition including the addition of new definitions, and the revision of the "firm", "network" and "network firm" definitions which are effective for assurance reports dated on or after December 31, 2008. These definitions were added to the Code of Ethics for Professional Accountants. Accordingly, the paragraphs following the new ones were numbered as 290, 14-290, 26.

In addition, the International Ethics Standards Board for Accountants "IESBA" issued two proposed exposure drafts for the revised existing section 290 "Independence- Assurance and Revision Engagements" and proposed revised section 291 "Independence- Other Assurance Engagements".

To read the e-copy part 1, part 2

the latest Arabic translation of Handbook of International Public Sector Accounting Standards, in two parts for the first time. For 2008, the International Public Sector Accounting Standards Board (IPSASB) has finalized and published the following standards:- 

• IPSAS 4, “The Effects of Changes in Foreign Exchange Rates” (Revised);
•  IPSAS 25, “Employee Benefits”;
• IPSAS 26, “Impairment of Cash-Generating Assets.”;
• The Cash Basis IPSAS, “Financial Reporting under the Cash Basis of Accounting” This was amended at

In addition, the following IPSASs were amended by the issuance of IPSAS 26:-

• IPSAS 21, “Impairment of Non-Cash Generating Assets”; and
• “Glossary of Defined Terms.”

It is worthy to mention that ASCA (Jordan) continuously seeks to develop both accounting and management sciences as well as all related principles applicable to all or some professional services. ASCA (Jordan) also seeks to upgrade the competence, practice and Code of ethics at the highest professional levels through the issuance of accounting publications and following up the recent developments in accounting and auditing.
To read the e-copy click here.

This publication includes the following 3 new Redrafted Standards:-

• IPSAS 22, “Disclosure of Financial Information About the General Government Sector”;
• IPSAS 23, “Revenue from Non-Exchange Transactions (Taxes and Transfers)”; and
• IPSAS 24, “Presentation of Budget Information in Financial Statements.”

includes the following: 

• References to the Public Sect or Committee References to the International Auditing Practices Committee (IAPC)of IFAC.
• The Public Sector Committee’s Guideline No.1,“Financial Reporting by Government Business Enterprises” has been withdrawn as of November 2002.
•  The International Ethics Standards Board for Accountants (IESBA) issued a revised Code of Ethics for Professional Accountants (the Code)establishing a conceptual framework for all professional accountants to ensure compliance with the five fundamental principles of professional ethics.
• The IESBA has issued as exposure draft proposing a revision t o the network firm definition contained in Section 290.
  
  
  

The Arabic version of the International Accounting Standards for the Public Sector Enterprises. The translation includes all pronouncements issued by IFAC in this regard. The said book is an important reference in accounting practices and processes for the public sector enterprises in the Arab world.