Share your comment on GRAP 108 – accounting for statutory receivables

Statutory receivables, such as property tax, traffic fines, appropriations, grants, or other fees charged in terms of legislation or similar means are common in the public sector. GRAP 108 on Statutory Receivables is applied to account for these receivables.

To understand preparers’ challenges with applying GRAP 108, and to assess if the Standard meets its objective of providing relevant and useful information to users for decision-making and to hold entities accountable, the Board is undertaking a post-implementation review. For this purpose [ED 207] was issued.

Stakeholders are invited to provide their input on ED 207, either by submitting written comment, completing a survey, or participating in roundtable consultations. The surveys are available on the ASB’s website [SurveyPreparers and SurveyUsers].

The following virtual roundtable discussions are scheduled for September:

Contact Amanda Botha at amandab@asb.co.za for more information.

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 on by the Board.