Amended FAQ on the GRAP Reporting Framework for 2021/22

Directive 5 on Determining the GRAP Reporting Framework explains the changes to the reporting framework from the previous period in the relevant Appendix.

The following changes apply for 2021/22:

• Trading entities apply the same pronouncements as other entities. There were a number of Standards of GRAP that became effective for trading entities on 1 April 2021.
• Directive 14 on The Application of Standards of GRAP by Public Entities that Apply IFRS^® Standards became effective.

Access FAQ 2.4 here: FAQs

Access Directive 5 and the related publications here.