ASB seeks feedback on accounting for Social Benefits

The article on 25 August on explains the Board’s proposal to amend the impact of the verification of substantive ongoing eligibility criteria on social benefit liabilities. The new ED – ED 214 – seeks comment on this proposal to amend the requirements so that the verification of substantive ongoing eligibility criteria is considered in measuring social assistance benefit liabilities and is not considered in measuring social security insurance benefit liabilities.

There are no specific matters for comment on the ED; any feedback on the proposed limited scope amendments is welcome.

Access ED 214 on the ASB website here. Contact the Secretariat at elizna@asb.co.za to ensure you are invited to upcoming roundtable discussions.


Disclaimer

The article 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.