Social Benefits – Comment on the Exposure Draft!

(a) Are there any specific implementation issues that the Board should be aware of?

(b) Are there any regulatory or other issues that exist in the South African environment that may affect the implementation of the proposed Standard of GRAP?

(b) In your view, what are the costs and benefits of the proposals relative to the current accounting for social benefits? In relation to quantitative financial and other resource costs, including the time involved to implement the proposals, the ASB is interested to understand the nature and estimated amounts of any expected incremental costs, or cost savings, of the proposals relative to existing accounting treatments.

(c) Should the estimated cost of a proposed requirement exceed the benefit in your view, please provide information on whether the needs of users addressed by the proposed requirement could be satisfied by requiring the disclosure of alternative items of information that would be less costly to prepare.