Accounting Standards Board
 Newsletter #4 - May 2020


In this edition of the Newsletter:
 

Events 
 
Events
In accordance with the Level 4 lockdown requirements, we will continue to have any scheduled events for May 2020 virtually where this is possible. If any new information becomes available, this will be communicated.
The events for the various topics the ASB will be hosting are outlined below.


Participate in the review of GRAP 103 on Heritage Assets
The Board is undertaking a post-implementation review of GRAP 103. The purpose of the review is to receive feedback from preparers, users and auditors of financial statements about the implementation of the Standard. We will be hosting roundtable discussions where you can raise your views with the Board. The details are as follows:

 
Date Event Stakeholder group
25 May Roundtable discussion Firms, technical specialists
26 May Roundtable discussion Eastern Cape – public entities and municipalities
10 June Roundtable discussion Session with CIGFARO/SALGA
30 June Roundtable discussion Public entities
6 July Roundtable discussion Session with CIGFARO/SALGA
7 July Roundtable discussion Preparers

How else can you get involved?
Views can also be submitted through the questionnaires on the ASB’s website.
The deadline for comment is 15 September 2020.


Contact details?
If you are interested in attending an event, or have any questions about the project, please email amandab@asb.co.za or call on 011 697 0660.
Read more about ED 180 on Post-implementation Review of the Standard of GRAP on Heritage Assets and access the questionnaires:http://www.asb.co.za/ed-180/

Participate in discussions on IPSASB’s proposals for revenue and expenses
We will be hosting education sessions and roundtable discussions on the new Exposure Drafts issued by the IPSASB on potential changes to the revenue standards as well as issuing new guidance for government expenses. The Exposure Drafts are as follows:
  • ED 181 on IPSASB Exposure Draft on Revenue with Performance Obligations (ED 70)
  • ED 182 on IPSASB Exposure Draft on Revenue without Performance Obligations (ED 71)
  • ED 183 on IPSASB Exposure Draft on Transfer Expenses (ED 72)
The education sessions will provide an overview of the proposals in the Exposure Drafts, while the roundtable discussions will focus on discussing issues to be included in the comment letter to the IPSASB on the Exposure Drafts.

The Exposure Drafts can be accessed on the ASB’s website by following this link:
https://www.asb.co.za/proposal-feedback/

 
Date Event Stakeholder group
3 June Education session – ED 181 All stakeholders
5 June Education session – ED 182 All stakeholders
17 June Education session – ED 183 All stakeholders
22 June Education session – ED 181 Public entities, provincial treasuries, Parliament and legislatures
23 June Education session – ED 182 Public entities, provincial treasuries, Parliament and legislatures
29 June Education session – ED 183 Public entities, provincial treasuries, Parliament and legislatures
1 July Education session – ED 181 Members of the Public Sector Accounting Forum
2 July Education session – ED 182 Members of the Public Sector Accounting Forum
3 July Education session – ED 183 Members of the Public Sector Accounting Forum
13 July Education session – ED 181 Municipalities
14 July Education session – ED 182 Municipalities
20 July Education session – ED 181 Auditors, firms, technical specialists, professional bodies, and academics
21 July Education session – ED 182 Auditors, firms, technical specialists, professional bodies, and academics
23 July Education session – ED 183 Auditors, firms, technical specialists, professional bodies, and academics
11 August Roundtable discussion – ED 181 Public entities, provincial treasuries, Parliament and legislatures
12 August Roundtable discussion – ED 182 Public entities, provincial treasuries, Parliament and legislatures
13 August Roundtable discussion – ED 183 Public entities, provincial treasuries, Parliament and legislatures
17 August Roundtable discussion – ED 181 Auditors, firms, technical specialists, professional bodies, and academics
18 August Roundtable discussion – ED 182 Auditors, firms, technical specialists, professional bodies, and academics
19 August Roundtable discussion – ED 183 Auditors, firms, technical specialists, professional bodies, and academics
31 August Roundtable discussion – ED 181 Members of the Public Sector Accounting Forum
2 September Roundtable discussion – ED 182 Members of the Public Sector Accounting Forum
4 September Roundtable discussion – ED 183 Members of the Public Sector Accounting Forum
14 September Roundtable discussion – ED 181 Municipalities
15 September Roundtable discussion – ED 182 Municipalities
 
 
 ASB meeting dates
The dates of the ASB’s Board and Technical Committee meetings are as follows:

 
Technical Committee Board
11 June 8 July
3 September 30 September
12 November 1 December

Observers are welcome to attend these meetings, but it should be noted that space is limited. In order to accommodate observers at meetings, interested parties are asked to complete the registration form available on the ASB’s website.
 
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Contact us 
Address: International Business Gateway, Midridge office Estate, Midrand, Johannesburg
Telephone : 011 697 0660
E-mail : info@asb.co.za 

Copyright © 2019
Accounting Standards Board
 
Disclaimer
The Newsletter has been prepared by the Secretariat of the ASB for information purposes only. It has not been reviewed, approved or otherwise acted on by the Board.






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