Have your say on the Post-implementation Review of GRAP 109 (ED 200)

An article on Identifying principal-agent arrangements – the GRAP 109 definition explains the GRAP 109 definition. The ED asks the following related questions to preparers and users of financial statements.

Preparers	Please provide details of any [other] challenges you experience to assess whether an arrangement meets the definition of a principal-agent arrangement, and how, in your view, these challenges could be resolved.
Preparers	How do you experience applying the definition of a principal-agent arrangement in GRAP 109 to assess whether GRAP 109 should be applied to an arrangement? Please describe your experience – whether positive or negative. If negative, indicate how, in your view, your challenges could be resolved.
Users	Does the definition of a principal-agent arrangement in GRAP 109 result in information that is useful in the financial statements, i.e. does the definition align with the arrangements on which you need the information in the financial statements?

To respond to these questions, access the Exposure Draft here. The comment deadline is 15 September 2023.