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The Public Sector Accounting Forum (PSAF) considered updates to the ASB FAQs. The following new FAQs we considered: (a) What do entities consider to determine whether certain persons are management in GRAP 20? (b) What related party transactions are exempt from disclosure? (c) When and how do entities develop and disclose accounting policies?Keep a look out for the final FAQs that will be published on the ASB website. |
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.