ACCOUNTING STANDARDS BOARD: INPUT SOUGHT ON THREE SETS OF PROPOSALS

The Board has gazetted a notice drawing attention to three new developments:

  • an opportunity to participate in a post-implementation review of the standard for accounting by principals and agents (the deadline for comment has been set at 28 April 2023, using documents to be downloaded here)
  • possible improvements to the generally recognised accounting practice (GRAP) standards (the deadline for comment has been set at 28 April 2023)
  • proposals for interpreting the existing GRAP standards on foreign currency transactions and advance consideration (the deadline for comment has been set at 15 September 2023)

Published by SA Legal Academy Policy Watch

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