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Local comment on the IPSASB’s proposed Materiality Practice Statement

Accounting Standards BoardRef: https://www.asb.co.za/local-comment-on-the-ipsasbs-proposed-materiality-practice-statement/

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Source domain: asb.co.za

Collected on 22 September 2026

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What this means

This is an Accounting Standards Board web article about its local comments on IPSASB Exposure Draft 97, Making Materiality Judgments. It reports stakeholder concerns and recommendations for adapting the proposed non-mandatory materiality guidance to public sector decision-making, accountability and transactions.

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Facts

Places

City of Tshwane, Gauteng

Reference

https://www.asb.co.za/local-comment-on-the-ipsasbs-proposed-materiality-practice-statement/

Key Takeaways

Accounting Standards Board comments on IPSASB Exposure Draft 97
Proposed non-mandatory Materiality Practice Statement
Stakeholders requested stronger public sector adaptation and examples
Recommendations concern budget variances, IPSAS 24, IPSAS 48 and IPSAS 47
Comment letter available as SAASB ED 95
ASB contact number: +27 11 697 0660
ASB email: info@asb.co.za
40 Church Square, Pretoria, 0002
Accounting Standards Board
ASB
IPSASB
IFRS
SAASB ED 95