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Public Sector Accounting Forum Psaf March 2026 Highlights

Accounting Standards BoardRef: https://www.asb.co.za/public-sector-accounting-forum-psaf-march-2026-highlights/

Official source

Source domain: asb.co.za

Collected on 13 July 2026

Always confirm details on the official source before acting.

Our copy (archived 20 July 2026)Official source

What this means

This document is a “Public Sector Accounting Forum (PSAF) March 2026: Highlights” news-style update. It reports that the latest PSAF meeting was held on 10 March 2026 and summarises topics discussed, including exposure draft ED 217 with comments due by 8 May 2026, a newly issued ASB FAQ on impairment vs derecognition, and OAG annual report guides for 2025/26. It also notes AGSA technical updates for 2026 year-end audits and ongoing ASB research on transfer expense transactions.

What this document offers

Read out of this document by Govermate's AI, in its own words. Each one quotes the line it came from — confirm on the official source before acting.

published annual report guidanceOngoing

Access OAG Annual Report Guides 2025/26 and related documents

OAG Annual Report Guides 2025/26 and related documents have been published on the Knowledge Hub.

Who it is for
people needing annual report guidance for 2025/26
How to act on it
Access the Annual Report Guides 2025/26 and related documents on the Knowledge Hub.
Show the line this came from
Annual Report Guides · Annual Report Guides 2025/26 and related documents were published on the Knowledge Hub .
ongoing research topicOngoing

Follow ASB ongoing research on transfer expense transactions

ASB is conducting ongoing research into transfer expense transactions, focusing on accounting principles currently observed in practice.

Who it is for
people interested in ASB research on transfer expense transactions
How to act on it
Monitor ASB’s ongoing research into transfer expense transactions.
Show the line this came from
Technical projects in progress Transfer Expenses: · ASB’s ongoing research into transfer expense transactions, focusing on accounting principles currently observed in practice.
exposure draft comment opportunityClosed

Comment on Exposure Draft ED 217 (Proposed Amendments to Chapter 7 of the Conceptual Framework – Limited Scope Amendments)

You can submit comments on Exposure Draft ED 217, which proposes limited-scope amendments to Chapter 7 of the Conceptual Framework. Comments are due by 8 May 2026.

Who it is for
people who want to comment on public sector accounting and reporting proposals
How to act on it
Submit comments on ED 217 by the stated due date.
Closes
8 May 2026
Show the line this came from
Exposure Drafts open for com ment ED 217: · ED 217 Proposed Amendments to Chapter 7 of the Conceptual Framework – Limited Scope Amendments , comments due by 8 May 2026.
published audit guidance (technical updates)Ongoing

Use AGSA Technical Updates for 2026 year-end audits (GRAP, IFRS, and MCS frameworks)

AGSA has issued three Technical Updates providing guidance on the Standards of GRAP, IFRS Accounting Standards and MCS reporting frameworks for the 2026 year-end audits, and these updates also apply to audit firms performing work on behalf of AGSA.

Who it is for
those involved in 2026 year-end audits, including audit firms performing work on behalf of AGSA
How to act on it
Use the three AGSA Technical Updates for the 2026 year-end audits.
Show the line this came from
AGSA: Technical Updates · Three Technical Updates providing guidance on the Standards of GRAP, IFRS Accounting Standards and MCS reporting frameworks for the 2026 year-end audits. These updates also apply to audit firms performing work on behalf of the AGSA.
published guidance (FAQ)Ongoing

Use the ASB FAQ on impairment vs derecognition of an asset

The ASB has issued a Frequently Asked Question (FAQ) that clarifies the difference between impairment and derecognition of an asset.

Who it is for
practitioners who commonly have questions about impairment vs derecognition of an asset
How to act on it
Read and use the ASB FAQ clarifying impairment vs derecognition of an asset.
Show the line this came from
Technical guidance recently issued ASB Frequently Asked Question (FAQ): · A FAQ clarifying the difference between impairment and derecognition of an asset, an area commonly giving rise to questions in practice.

Facts

Places

City of Tshwane, Gauteng

Reference

https://www.asb.co.za/public-sector-accounting-forum-psaf-march-2026-highlights/

Key Takeaways

  • PSAF meeting date: 10 March 2026
  • Exposure Draft ED 217: Proposed Amendments to Chapter 7 of the Conceptual Framework – Limited Scope Amendments
  • ED 217 comments due by: 8 May 2026
  • ASB FAQ issued: impairment vs derecognition of an asset
  • OAG Annual Report Guides published: 2025/26
  • AGSA Technical Updates: three updates for 2026 year-end audits (GRAP, IFRS Accounting Standards, and MCS reporting frameworks)
  • ASB research in progress: transfer expense transactions
  • Public Sector Accounting Forum (PSAF)
  • Accounting Standards Board (ASB)
  • Office of the Auditor-General (OAG)
  • Auditor-General of South Africa (AGSA)
  • AGSA audit firms
  • Pretoria (40 Church Square)

Dates

Closing Date

10 March 2026