A monthly newsletter published by the Accounting Standards Board that includes updates on standard-setting activities, meeting highlights, and messages from the CEO.
Who it is for
members of the public, financial professionals, and organisations involved in financial reporting
How to act on it
subscribe via the website to receive the newsletter
The Accounting Standards Board invites stakeholders to provide feedback on the exposure draft concerning materiality judgments in public sector financial reporting. This is an opportunity to influence the development of future accounting standards in South Africa.
The Accounting Standards Board has published its 2025 plan for developing educational resources to support preparers of financial statements in implementing GRAP standards. This document outlines the strategy and timeline for delivering training and guidance.
The Accounting Standards Board is inviting public comment on the proposed amendments to IPSAS 40, which relate to the definition of an operation and the recognition of acquired liabilities and contingent liabilities. Stakeholders can submit feedback on the exposure draft.
Opportunityeducational and implementation resources
The Accounting Standards Board provides online resources to support the adoption of GRAP 104 Financial Instruments. These materials are designed to assist organisations in understanding and implementing the new financial instruments reporting requirements within the government reporting framework.
The final version of the plan to improve the application of GRAP standards for the 2024.25 period is available for review. While no further comments are solicited, this document serves as a reference for ongoing implementation efforts.
This is a recorded session featuring insights from preparers on the actions they have taken to implement GRAP 104. It is available for viewing to support others in understanding practical implementation steps.
This is a recorded session providing guidance on transitional arrangements related to GRAP 104 implementation. It offers practical advice for entities managing the transition to the new standard.
This is an online poll offered by the Accounting Standards Board to help public sector financial preparers assess their level of readiness for implementing GRAP 104. It allows participants to self-evaluate and provide feedback on their preparedness.
This is a recorded session discussing the challenges faced by financial preparers during the implementation of GRAP 104. It aims to inform and guide others encountering similar issues.
Who it is for
government financial preparers, accounting professionals, public sector entities implementing GRAP standards
Opportunitypublic consultation on accounting standards
The Accounting Standards Board invites stakeholders to provide feedback on the proposed amendments to Chapter 7 of the Conceptual Framework. The opportunity includes access to an executive summary and a presentation to support understanding of the proposals.
Suppliers and service providers must self-register on the National Treasury's Central Supplier Database (CSD) to be considered for doing business with African Sun Bank (ASB). This is a mandatory step before being eligible to bid for any ASB tenders.
Who it is for
accounting professionals, government financial officers, auditors, and other interested parties in the public sector
How to act on it
Review the exposure draft and submit written comments via email to info@asb.co.za
