Do you agree with the approach to recognise social assistance benefits as proposed in the ED 205?

An article on Social Benefits: when should social assistance benefits be recognised? explains the Board’s proposals for the recognition of a social assistance benefit liability. The ED asks the following related question:

The ED proposes that social assistance benefits are recognised when an entity providing the social benefit receives an application from a potential beneficiary. Do you agree with the approach to recognise social assistance benefits as proposed in the ED?

Access ED 205 on Social Benefits on the ASB website. Comment is due by 17 November 2023. Contact elizna@asb.co.za for more information or reply with your comment to info@asb.co.za.