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ACCOUNTING STANDARDS: AMENDMENTS PROPOSED FOR FINANCIAL STATEMENTS ASSET, LIABILITY MEASUREMENT REQUIREMENTS
- 30 March 2026
- Auditors & Accountants
- SA Legal Academy
The Accounting Standards Board has called for input by 8 May 2026 on draft ‘limited scope’ amendments to the conceptual framework for general purpose financial reporting – focusing on the measurement of assets and liabilities in financial statements.
According to the Government Gazette notice concerned, the purpose of the amendments envisaged is to align that section of the conceptual framework with International Public Sector Accounting Standards Board measurement principles.
The draft amendments are unpacked in two accompanying documents.
- draft amendments
- executive summary
- background information
- Government Gazette notice
Published by SA Legal Academy Policy Watch
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