New FAQ on “What is the status and purpose of Directive 5?”

Directives are authoritative. Directive 5 on Determining the GRAP Reporting Framework includes authoritative Appendices that list the standards and pronouncements that are the GRAP Reporting Framework for a reporting period.

Entities have to apply Directive 5 and the list of pronouncements in the applicable Appendix to prepare financial statements.

Access FAQ 2.1 here: FAQs.