Have your say on the Post-implementation Review of GRAP 109 (ED 200)
- July 20, 2023
- Posted by: Julianne Vissie
- Category: Blog
An article on Cash flows in a principal-agent arrangement: is sufficient information disclosed in the financial statements? explains the information presented in the financial statements on the cash flows in a principal-agent arrangement. The ED asks the following related questions to preparers and users of financial statements:
Preparers |
(a) As a principal in a principal-agent arrangement, how do you experience accounting for, and disclosing information on, cash flows from the arrangement in the financial statements, as required by GRAP 2 and GRAP 109?
(b) As an agent in a principal-agent arrangement, how do you experience accounting for, and disclosing information on, cash flows from the arrangement in the financial statements, as required by GRAP 2 and GRAP 109? |
Users |
Is the information required by GRAP 2 and GRAP 109 on cash flows from a principal-agent arrangement useful in the financial statements of the principal and the agent respectively to hold both the principal and agent accountable, and for making decisions?
If the information required by GRAP 2 and GRAP 109 is not useful, please provide details of the information that is needed in the financial statements of the principal and agent respectively to hold them accountable and to make decisions. |
To respond to these questions, access the Exposure Draft here. The comment deadline is 15 September 2023.
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