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

An article on Applying materiality to principal-agent arrangements explains how materiality is applied to principal-agent arrangements. The ED asks the following related questions to preparers of financial statements.

How do you experience applying materiality to account for, and report on, principal-agent arrangements in the financial statements? Please describe your experience – whether positive or negative. If negative, indicate how, in your view, your challenges could be resolved.

If you have not applied materiality to principal-agent arrangements, please provide the reasons why.

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