In this Consultation Paper, IPSASB asks constituents for their views on financial reporting for heritage in the public sector. The objective is to:

• Improve financial reporting for heritage by public sector entities; and
• Support the comparability of heritage-related information in general purpose financial reports (GPFRs), while providing information that users need for accountability and decision making.

 This is the first step towards guidance on heritage information in GPFRs. The IPSASB seeks feedback to develop guidelines on recognition, measurement and presentation for heritage.