ASB publishes two Communiques

The Secretariat of the ASB published two communiques on amendments to Standards of GRAP.

1. Revised requirements for GRAP 25 on Employee Benefits

The changes are effective from 1 April 2023, i.e. should be applied when entities prepare the 2023/24 financial statements. The communique can also be accessed on the ED 184 page.

2. Revised requirements for GRAP 105, GRAP 106 and GRAP 107

The Minister of Finance must still determine an effective date for the changes. The communique can also be accessed on the ED 204 page.