IPSAS 48, Transfer Expenses

The International Public Sector Accounting Standards Board^® (IPSASB^®) has issued International Public Sector Accounting Standard^® (IPSAS) 48, Transfer Expenses. IPSAS 48 provides accounting guidance for transfer expenses, which account for a significant portion of expenditures for many public sector entities. This new Standard fills a significant gap in the IPSASB’s literature and provides guidance to help entities account for public sector transfer expense transactions.