ACCOUNTING STANDARDS BOARD: THREE MORE GRAPS TO BE REVISED

ACCOUNTING STANDARDS BOARD: THREE MORE GRAPS TO BE REVISED

• 01 May 2023
• Auditors & Accountants
• SA Legal Academy

The Accounting Standards Board (ASB) has gazetted a notice calling for input by 15 July 2023 on proposals for revising three generally recognised accounting practice (GRAP) standards focusing on:

• transferring functions between entities under common control
• transferring functions between entities not under common control, and
• mergers.

The rationale behind these proposals is outlined in an ASB exposure draft. Interested and affected parties are referred to the ASB website for marked-up and clean versions of all three draft revised standards.

• Government Gazette notice
• exposure draft
• marked-up and clean versions

Published by SA Legal Academy Policy Watch

0 COMMENTS

LEAVE A COMMENT