Our latest FAQ provides guidance on how to apply the definition of related parties, specifically in determining which persons are considered management of an entity. Read the full FAQ here. 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

The revised GRAP 104 is effective from 1 April 2025. The most significant changes are to the scope, classification and subsequent measurement of financial instruments. It is crucial for entities to be familiar with the new requirements and have a good understanding of how the changes will affect them. Entities should know where and how

The IPSASB’s first meeting of the year is in Washington from 18 to 21 March. The agenda includes the following: Approvals project brief and discussion of issues on strengthening linkages between IPSAS and GFSM. project brief and exposure draft on making materiality judgements. Review of responses IPSAS 33 – limited scope update. Measurement – application

Previous articles unpacked the proposals in the ASB’s work programme consultation. Visit us on LinkedIn for easy access to these articles. Share Your Input Easy ways to comment on the consultation are: Completing a short survey Follow this link Use a QR code Send us a letter or email info@asb.co.za Attend a roundtable discussion Contact