Blog

  • What are financial statements and how do they link with the budget and performance information?

    As part of the ASB’s project to Enhance the Application of Standards of GRAP, the Secretariat published a recording to explain what financial statements are, and how they link with the budget and performance information. Access the recording on the ASB’s YouTube channel. The slide presentation is available on the ASB website.

    February 21, 2024
  • Public entity GRAP update recording available

    The ASB held a GRAP update for public entities on Friday 9 February 2024. Access a recording of the session here. The topics covered included: GRAP reporting landscape – 2023/24 and beyond The effect of past decisions about materiality on future financial statements Employee Benefits – revised requirements Getting ready for Financial Instruments (revised 2019)

    February 19, 2024
  • The IPSASB begins the development of a Climate-related Disclosures standard for the public sector

    The International Public Sector Accounting Standards Board (IPSASB) approved a project brief at their June 2023 meeting to begin the development of a Climate-related Disclosures standard. This will be the first standard in a suite of public sector sustainability reporting standards. The IPSASB established a climate-related topic Working Group to provide climate-related expertise and advice

    February 19, 2024
  • Updated FAQs for enhanced guidance

    The Secretariat of the Accounting Standards Board (ASB) published an update to the Frequently Asked Questions (FAQs) on the ASB website:https://www.asb.co.za/frequently-asked-questions/ The questions and responses in the FAQs provide a summarised analysis of topical issues based on queries commonly received by the Secretariat. Amendments to existing questions FAQ 2.4: What Standards of GRAP have been

    February 15, 2024