News from the ASB Board
The Board met on 5 December 2019. The following documents were approved by the Board:
Final pronouncements - Directive on The Application of Standards of GRAP by Public Entities that Apply IFRS Standards.
- Research Paper on Reporting Information to the Public.
- Research Paper on the Review of Amendments to GRAP 16 on Investment Property and GRAP 17 on Property, Plant and Equipment.
- GRAP Reporting Framework for 2020/2021.
Exposure Drafts - Invitation to Participate in the Post-Implementation Review of GRAP 103 on Heritage Assets.
The Board also agreed on the potential scope of the project on “combined financial statements” but decided to delay further work to the project until the 2024-2026 work programme cycle. The need for, and urgency of, the project would be reconsidered at that stage.
The full meeting highlights can be accessed on the ASB’s website: http://www.asb.co.za/board-meeting-dates/ |
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