Accounting Standards Board
 Newsletter #2 - July 2022

In this edition of the Newsletter:

News from the ASB
News from the ASB
The ASB Board met on 30 June 2022. The outcomes of their deliberations were as follows:
  • The final amendments to GRAP 103 on Heritage Assets were approved. A submission will be made to the Minister of Finance on the proposed effective date.
  • The final Due Process Handbook was approved for publication.
The Board discussed the results of the first phase of the post-implementation review of GRAP 109 on Accounting by Principals and Agents. The results of phase I will be used to identify the key areas that the Board will consult on in Phase II.

The development of a Standard of GRAP on Social Benefits continues. An Exposure Draft will be discussed by the Board in September 2022.

The meeting highlights can be accessedhere.
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Copyright © 2022
Accounting Standards Board
 
Disclaimer
This article reflects the views of the individual views of the author, and not an official view of the ASB or its Board.






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