The March 2025 ASB Board meeting was a milestone for the social benefits project. The Board considered stakeholder feedback on the proposed Standard of GRAP on Social Benefits – ED 205. The feedback from stakeholders was rich and varied. In most of the key areas, there was support for the proposals. The Board’s deliberation of

The Secretariat of the ASB published a short YouTube video titled Practical considerations when preparing the Cash Flow Statement. This video highlights the Board’s findings in the GRAP 2 Review Report which was issued in 2021 and discusses the practices applied by entities in preparing the Cash Flow Statement. 🔗Access the recording on our YouTube channel.

Why It Matters We have developed a Placemat on Pronouncements and Educational Material issued by the ASB. The placemat was developed to assist stakeholder understand the purpose and authoritative status of the various publications issued by the ASB. Accessing the Placemat The Placemat on Pronouncements and Educational Material issued by the ASB is available on our website.

In a recent meeting the International Public Sector Accounting Standards Board (IPSASB) made significant decisions in the development of a new International Public Sector Accounting Standard (IPSAS) to replace IPSAS 1, Presentation of Financial Statements. The project is currently in the Consultation Paper (CP) development phase, with the aim to improve transparency and comparability in