Terms and Conditions

These Terms and Conditions are binding and enforceable against all persons that access the Accounting Standards Board's website or any part thereof in terms of Section 11 of the Electronic Communications and Transactions (ECT) Act 25 of 2002.

If you do not agree to these Terms and Conditions you must leave the ASB website now, as further use will automatically bind you to these Terms and Conditions.

Click here to download a copy of the ECT Act

DEFINITIONS AND INTERPRETATION

  1. “User” means any person who enters or uses the Board’s website, notwithstanding the fact that such a person only visited the home page of the Board’s website.
  2. “Data message” means data generated, sent, received or stored by electronic means and includes:
    • Voice, where the voice is used in an automated transaction.
    • A stored record.
  3. References herein to the singular includes the plural and vice versa.
  4. Notwithstanding the fact that hyperlinks in these terms and conditions to copyright notices and legislation should be deemed part of these terms and conditions in terms of section 11 of the ECT Act, the fact that some or all of the hyperlinks may be non-operational, shall not play a role in determination of the validity and interpretation of these terms and conditions.

1. GENERAL

The Board’s website provides information, guidelines and services relating to Standards of Generally Recognized Accounting Practice (GRAP).

2. ALLOWED USE AND LICENSE

  • The Board licenses the User to view, download and print the content of the ASB website, provided that such content is used for personal, educational and/or non-commercial purposes only.
  • Content from the Board’s website shall not be used or exploited by Users for any commercial and non-private purposes without the prior written consent of the Board.
  • Users may only access and use the Board website for legal purposes.
  • If any User uses content from the Board website in breach of the provisions detailed herein:
    • the Board reserves the right to claim damages from the User.
    • the Board reserves the right to institute criminal proceedings against the User.
    • the Board shall not be liable, in any manner whatsoever, for any damage, loss or liability that resulted from the use of such content by the User or any third party who obtained any content from the User.
  • Hyperlinks to the Board website from any other source shall be directed at the home page of the Board website. The Board shall not be liable, in any manner whatsoever, for any damage, loss or liability that resulted from the use of content from the Board website, if such content was accessed through a hyperlink not directed at the home page of the Board website. Persons that wish to link to content beyond the home page of the Board website shall do so at their own risk and indemnify the Board against any loss, liability or damage that may result from the use of content from the Board website, if such content was accessed through a hyperlink not directed at the home page of the Board website.

The Board’s non-liability for deep linking is based on the fact that deep links bypass these terms and conditions.

  • Apart from bona-fide search engine operators and use of the search facility provided on the Board’s website by Users, no person may use or attempt to use any technology or applications (including web crawlers or web spiders) to search or copy content from the Board website for any purposes, without the prior written consent of Board.
  • All licenses and/or permissions granted in terms of this clause 2 are provided on a non-exclusive and non-transferable basis and may be terminated or cancelled by the Board at any time without giving reasons therefore

3. SOFTWARE AND EQUIPMENT

It is the responsibility of the User to acquire and maintain, at his/her own expense, the computer hardware, system and information security, software, lines and access accounts to access the Internet and the Board website and/or download content from this website.

4. DISCLOSURES REQUIRED BY SECTION 43 OF THE ECT ACT

Access to the services, content, software and content downloads available from the Board website is classified as “electronic transactions” in terms of the ECT Act and therefore Users have the rights detailed in Chapter 7 of the ECT Act and the Board has the duty to disclose the following information:

  • The full name and legal status of the website owner: ACCOUNTING STANDARDS BOARD
  • Street address: International Business Gateway, Cnr New & 6th Rd, Midrige Office Estate , Building A, Ground Floor, Midrand
  • Postal address: P O Box 74129 , Lynnwood Ridge, Pretoria, 0040
  • Physical address for receipt of legal service: International Business Gateway, Cnr New & 6th Rd, Midrige Office Estate , Building A, Ground Floor, Midrand
  • Main business: Setting Standards of Generally Recognised Accounting Practice (GRAP).
  • The website address of the ASB website is: http://www.asb.co.za
  • The official e-mail addresses of the ASB website is: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
  • Membership of self-regulatory or accreditation bodies: None
  • Codes of conduct to which the ASB website subscribes: None
  • The Manual published in terms of section 51 of the Promotion of Access to Information Act 2 of 2000 of the owner of the ASB web site may be downloaded here
  • Management
  • The costs associated with the access and use of the ASB website: Free of charge.
  • Cooling-off period: In terms of the operation of section 42(1)(d) of the ECT Act, the cooling-off provisions of the ECT Act do not apply to this website.
  • Users may lodge complaints concerning the Board’s website with the CEO at This e-mail address is being protected from spambots. You need JavaScript enabled to view it (TEL: 011 697 0660).

5. CHANGES AND AMENDMENTS

The Board expressly reserves the right, in its sole and absolute discretion, to do any of the following, at any time without prior notice:

  • Change these terms and conditions.
  • Change the content and/or services available from the Board website.
  • Discontinue any aspect of the Board website or service(s) available from the Board website.
  • Change the software and hardware required to access and use the Board website.

6. DISCLAIMER AND LIMITATION OF LIABILITY

  • Subject to the provisions of sections 43(5) and 43(6) of the ECT Act, if applicable, and as far as allowed by law, the Board shall not be liable for any damage, loss or liability of any nature incurred by whomever and resulting from-
    • access to the Board website;
    • access to websites linked to the board website;
    • inability to access the Board website;
    • inability to access websites linked to the Board website;
    • content available on the Board website;
    • services available from the Board website;
    • downloads and use of content from the Board website; and
    • any other reason not directly related to the Board’s gross negligence.
  • The Board website is supplied on an "as is" basis and has not been compiled to meet the User's individual requirements. It is the responsibility of the User to satisfy himself or herself, prior to entering into this agreement with the Board, that the content available from and through the Board website meet the User's individual requirements and is compatible with the User's computer hardware and/or software.
  • Information, ideas and opinions expressed on the Board website should not be regarded as professional advice or the official opinion of the Board and Users are encouraged to consult professional advice before taking any course of action related to the information, ideas or opinions expressed on the ASB website.
  • The Board does not make any warranties or representation that content and services available from the Board website will in all cases be true, correct or free from any errors. The Board shall take all reasonable steps to ensure the quality and accuracy of content available from the Board website.
  • The Board does not make any warranties or representations that the Board website shall be available at all times. Users acknowledge that the Board website may be unavailable due to updates or other causes beyond the reasonable control of the Board, including, but not limited to virus infection, unauthorised access (hacking), power failure or other “acts of God”.

7. REMOVAL AND CORRECTION OF CONTENT

Users are encouraged to report untrue, inaccurate, defamatory, illegal, infringing and/or harmful content available from the Board website to the Board and the Board undertakes to correct and/or remove such content or any part thereof if the person reporting such content provided reasonable grounds to prove the alleged nature of the content.

8. INTERCEPTION OF COMMUNICATIONS

  • Subject to the provisions of the Regulation of Interception of Communications (RIC) Act 70 of 2002, the User agrees to the Board’s right to intercept, block, filter, read, delete, disclose and use all communications send or posted by the User to the ASB website, its staff and employees.
  • The User agrees and acknowledges that the consent provided by the User in clause 12.1 satisfies the “writing” requirement as detailed in the ECT Act and the RIC Act.
9. AGREEMENT IN TERMS OF SECTION 21 OF THE ECT ACT
The User and the Board agree that:
The User shall be bound to these term and conditions and such agreement is concluded in Midrand (South Africa) at the time the User enters the Board website for the first time or immediately after the User indicated consent as required in Content Usage Agreement.
  • Data messages (as defined in the ECT Act) addressed by the User to the board shall only be deemed to have been received if and when responded to and/or acknowledges receipt.
  • Data messages (as defined in the ECT Act) addressed to the User by the Board shall be deemed to be received by the User as detailed in section 23(b) of the ECT Act.
  • Data messages (as defined in the ECT Act) addressed by the User to the Board shall be deemed to have been created and send by the User from within the geographical boundaries of South Africa.
  • All electronic communications between the User and the Board is valid and legally binding regardless of whether security mechanisms are applied or not (e.g. electronic signatures and encryption).
  • The User agrees and warrants that data messages that are sent to the ASB from a computer, IP address or mobile device normally used by or owned by the User, was sent and/or authorised by the User personally.
10. APPLICABLE AND GOVERNING LAW
The Board website is hosted, controlled and operated from the Republic of South Africa and therefore the South African law enforced by the South African courts governs the use or inability to use the Board website, its content, services and these terms and conditions.

11. LEGAL COSTS
The Board shall not be liable for costs incurred by Users to obtain professional advice relating to these terms and conditions.

12. ELECTRONIC MAIL (E-MAIL) LEGAL NOTICE
  • This e-mail legal notice is enforceable and binding on the recipient / addressee in terms of sections 11(1) to 11(3) of the Electronic Communications and Transactions (“ECT”) Act 25 of 2002. The ECT Act may be downloaded from: http://www.polity.org.za/pdf/ElectronicCommunications.pdf
  • This e-mail transmission contains confidential information, which is the property of the Accounting Standards Board (Board). No person, other than the recipient (so indicated by the sender) may use or disclose the contents of this message, links or attachments hereto, to any person whatsoever. Unauthorised disclosure and/or use may result in civil and criminal liability.
  • The information in this e-mail or attachments thereto is intended for the attention and use of the addressee only. If you are not the intended addressee/recipient, you are hereby notified that any disclosure, copying or distribution of the contents of this e-mail transmission or the taking of any action in reliance thereon or pursuant thereto, is strictly prohibited. Should you have received this e-mail in error, please delete and destroy it and any attachments thereto immediately. At no time may you act on the information contained therein.
  • The e-mail address of the sender may not be used, copied, sold, disclosed or incorporated into any database or mailing list for spamming and/or other marketing practices without the prior consent of the Board.
  • Under no circumstances shall the Board or the sender of this e-mail be liable to any party for any direct, indirect, special or consequential damages, including, without limitation, any loss of profits, business interruption, loss of programs or other data on information handling systems or otherwise, even if the Board or the sender of this e-mail have been expressly advised of the possibility of such damages.
  • Any agreements concluded with the Board by using electronic correspondence shall only come into effect once the Board indicated such contract formation in a follow up or return communication.
  • No e-mail correspondence sent to the Board shall be deemed to have been received until the Board has responded thereto. An auto-reply shall not constitute such “response” for purposes of this clause.
  • No warranties are made or implied that any employee and/or contractor of the Board is authorised to create and send this communication.
  • The Board reserves the right to intercept, filter, view, block, delete, access, copy, read and act upon this e-mail messages and all e-mail messages send as reply messages to the e-mail address of the sender.
  • The Board retains the copyright to all e-mail messages and attachments sent from its communications systems. The recipient / addressee is hereby licensed to open and read the message and/or attachments only – all other rights are reserved unless so indicated by the sender.
  • The views and opinions expressed in this e-mail message do not necessarily reflect the views and/or opinions of the Board. If this e-mail message is used for purposes unrelated to the official business of the Board, the Board shall not be liable for any damage or loss caused by the contents of this message and the sender shall take full responsibility therefore in his/her sole and personal capacity.The law of South Africa shall govern this e-mail message and legal notice.
Information disclosures required by law:

Full name of the ASB: Accounting Standards Board
Postal address: available here
Street address: available here
Web site: http://www.asb.co.za
This e-mail legal notice shall at all times take precedence over any other e-mail disclaimer(s) received by employees or contractors utilising the communications facilities of the ASB.