Audit & Assurance

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IPSAS 43 - Leases

The time to act is now. So get it on balance!

IPSAS 43 will replace IPSAS 13 for reporting periods beginning on or after 1 January 2025 with a retrospective application by default and sets out a comprehensive model for the identification of lease arrangements and the treatment in the financial statements of both lessees and lessors.

IPSAS 43 sets out a comprehensive model for the identification of lease arrangements and the treatment in the financial statements of both lessees and lessors. One of the most notable aspects of IPSAS 43 is that the lessee and lessor accounting models are asymmetrical.

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Audit & Assurance

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