The latest PSAF meeting was held on 10 March 2026. The meeting discussed developments and shared key information on public sector accounting and reporting, including the following:
| Exposure Drafts open for comment |
ED 217: · ED 217 Proposed Amendments to Chapter 7 of the Conceptual Framework – Limited Scope Amendments, comments due by 8 May 2026. |
| Technical guidance recently issued |
ASB Frequently Asked Question (FAQ): · A FAQ clarifying the difference between impairment and derecognition of an asset, an area commonly giving rise to questions in practice. OAG: Annual Report Guides · Annual Report Guides 2025/26 and related documents were published on the Knowledge Hub. AGSA: Technical Updates · Three Technical Updates providing guidance on the Standards of GRAP, IFRS Accounting Standards and MCS reporting frameworks for the 2026 year-end audits. These updates also apply to audit firms performing work on behalf of the AGSA. |
| Technical projects in progress |
Transfer Expenses: · ASB’s ongoing research into transfer expense transactions, focusing on accounting principles currently observed in practice. |