Share your views on the initial recognition and measurement of statutory receivables

An article on Do you know when to recognise and how to initially measure statutory receivables? explains how statutory receivables are initially recognised and measured using GRAP 108 on Statutory Receivables.

ED 207 asks the following question to preparers of financial statements:

Do you have any challenges to measure statutory receivables at the transaction amount as required by GRAP 108? If yes, please describe and provide examples of these challenges, and indicate how, in your view, they can be resolved.

To respond to this question, ED 207 can be accessed here. Contact amandab@asb.co.za if you want to be invited to these consultations. The comment deadline for ED 207 is 27 October 2024.