New Faq On Are Informal Arrangements To Provide Post Employment Benefits Within The Scope Of Grap 25
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Source domain: asb.co.za
Collected on 13 July 2026
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FAQ 5.3 – Is an informal arrangement to provide post-employment benefits within the scope of GRAP 25?
The Accounting Standards Board has published an answer explaining that GRAP 25's post-employment benefit requirements are not limited to formal arrangements: the Standard defines post-employment benefit plans as formal or informal arrangements, and applies to both formal and informal arrangements or practices that create legal or constructive obligations to provide employee benefits. Readers are directed to FAQ 5.3 in the board's FAQs for the full explanation.
- Who it is for
- Entities that prepare financial statements under GRAP and anyone applying GRAP 25 to employee benefits
- How to act on it
- Open the FAQs section of the Accounting Standards Board website and read FAQ 5.3 (the post links to it as 'Access FAQ 5.3 here: FAQs').
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Access FAQ 5.3 here: FAQs .
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Facts
Reference
ACCESS FAQ 5.3
Key Takeaways
- Topic: informal arrangements for post-employment benefits under GRAP 25
- Published: 13 October 2021
- Author/posted by: Julianne Vissie
- GRAP 25 definition: post-employment benefit plans include formal or informal arrangements
- GRAP 25 scope: applies to formal and informal arrangements/practices creating legal or constructive obligations
- Reference: Access FAQ 5.3
- Organisation: Accounting Standards Board (ASB)
- Accounting Standards Board (ASB)
- Julianne Vissie
- GRAP 25