ASB work programme consultation 2027-2029: Are there any gaps in our literature?

The ASB’s mandate is to develop uniform accounting standards for government revenue, expenses, assets and liabilities. The most significant “gap” in our existing literature is accounting for non-exchange expenses. The diagram below illustrates current and upcoming projects to fill this gap. 

As the application of the Standards of GRAP matures and the environment changes, there are always new transactions or arrangements that require accounting guidance. It is important for us to hear from our stakeholders about these issues as part of the work programme consultation. 

Access more information on our website here. 

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.