ED 76 proposes a measurement hierarchy to steer the IPSASB in developing standard-level measurement guidance and to help stakeholders apply the principles in practice.

The ED streamlines the measurement guidance in the Conceptual Framework by eliminating measurement bases that have not been used in the development of standards, inserts new or revised measurement bases, and focuses on those bases that are commonly used. It therefore aligns measurement concepts with the guidance in IPSAS.