The Secretariat of the ASB published short YouTube videos on The use and meaning of thresholds in GRAP.
🔗Access the full recording on our YouTube channel here.
Alternatively, watch the two parts of the recording separately:
- Part 1 provides an introduction and explains materiality. Access part 1 here.
- Part 2 explains other thresholds, such as “significant”, “probable”, etc. Access part 2 here.
💡The ASB YouTube channel also has other useful videos on topical public sector accounting matters.
🌐The presentations for this video and others are available on the ASB website.
Disclaimer
The article has been prepared by the Secretariat of the ASB for information purposes only. It has not been reviewed, approved, or otherwise acted on by the Board.