Overview of the ASB

About Us | The Organisation

Our Vision

To develop financial reporting standards that promote accountability, transparency and effective financial management within all spheres of government.

Our Mission

We achieve this through focused and targeted stakeholder interaction and the provision of relevant and implementable Accounting Standards.

Strategic Objectives

  • Maintain and enhance existing Standards of GRAP and develop new standards where gaps are identified.
  • Undertake research to ensure Standards of GRAP respond to broader financial reporting needs.
  • Influence development of international standards.
  • Facilitate and encourage stakeholder engagement and support.
  • Manage resources to ensure the ASB is operationally effective.

Regulations of the Board

The Minister of Finance has made the following regulations in terms of section 91 of the Public Finance Management Act (Act no. 1 of 1999 as amended 2019)

Founding Legislation

Chapter 11 of the Public Finance Management Act (Act no. 1 of 1999 as amended)


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