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

An article on Identifying roles in a principal-agent arrangement – the exception to the rule explains the circumstances when an agent may not meet all three the criteria in GRAP 109.25. The ED asks the following related questions to preparers of financial statements:

Please provide details of instances where you applied GRAP 109.26 to determine whether an entity with regulatory powers is an agent in a principal-agent arrangement.

Please indicate whether the guidance in GRAP 109 is helpful to identify whether an entity is the agent in a principal-agent arrangement in the circumstances described in GRAP 109.26. If not, please provide details on how the guidance could be improved.

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