The SMP Committee submitted this comment letter on the International Ethics Standards Board for Accountants (IESBA)'s Consultation Paper: Proposed Strategy and Work Plan, 2014-2018.

Highlights from the IPSASB's December 2-5, 2013, meeting in Ottawa, Canada. 

:22 – IASB and IPSASB Conceptual Frameworks
2:00- Conceptual Framework: Elements and Recognition
4:00 - Conceptual Framework: Measurement and Conceptual Framework: Presentation
6:26 - Exposure Draft for Recommended Practice Guideline: Service Performance Information 
7:57 – Emissions Trading Schemes
9:41 - Update on IPSASB members
10:33 – Chair’s 2014 Outlook

Presentation given by Mario Abela, senior policy advisor at IFAC, at the Gulf Cooperation Council Accounting and Auditing Organization forum on the history and status of integrated reporting, and what comes next.

:06 - Introduction
:33 - Strategy and Work Plan
2:06 - Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities
5:05 - Conceptual Framework: Measurement
6:02 - Conceptual Framework: Presentation
7:11 - Public Sector Financial Instruments 
8:28 - Social Benefits
10:38 - Chair’s closing remarks

IFAC's Financial Statements are prepared in accordance with International Public Sector Accounting Standards (IPSASs) and include an independent auditor’s report. Notable in the 2013 Financial Statements is a substantial surplus. This surplus is mainly due to new member organization dues; a relentless focus on cost avoidance, recovery, and saving; unplanned staff vacancies, which had a positive effect on travel, meeting, and other project-related costs; and greater diversification in funding for the Public Interest Oversight Board (PIOB).