Training Provider Blog 

Since the FCA finalised its rules and guidance on non-financial misconduct (NFM) in December 2025, firms have been reviewing policies, governance structures and training programmes ahead of the 1 September 2026 implementation deadline. 

There have been important updates to the International Public Sector Accounting Standards (IPSAS) since 2025. As IPSAS Standards continue to evolve to reflect modern financial realities, they often come with technical complexities around measurement and adoption. 

  From the Consumer Duty to the more recent focus on Non-Financial Misconduct (NFM), firms are increasingly facing cultural, behavioural and governance-driven expectations, presenting both risks and opportunities. 

  IPSAS 47 is a new standard on revenue effective for periods beginning on or after 1 January 2026. The standard brings significant changes to how revenue is recognised and is based on the principles in IFRS 15 Revenue from Contracts with Customers but aligned to the public sector context.