New FAQ on What is the interaction of Standards of GRAP where two or more Standards have similar requirements?

There may be instances where two or more Standards of GRAP require similar information to be disclosed in the financial statements about the same transaction or event.

Entities need to ensure that they comply with all the disclosure requirements in the Standards of GRAP when preparing financial statements, if material. It may be possible to provide information about the transaction or event once in a way that meets the disclosure requirements of all applicable Standards of GRAP.

Access FAQ 3.16 here: FAQs