PUBLIC FINANCE MANAGEMENT: GRAP STANDARDS-RELATED REGULATORY AMENDMENTS PROPOSED

National Treasury has called for input by 30 November 2025 on draft regulatory amendments under the 1999 Public Finance Management Act. According to the covering Government Gazette notice, the changes envisaged are informed by – and will update – Accounting Standards Board generally recognised standards in place since 2024.

Apparently, the generally recognised accounting practice standards updating and related public consultation process is an annual occurrence.

Published by SA Legal Academy Policy Watch

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