Have your say on the applicability of current operational value in ED 210! ED 210 on Amendments to IPSAS as a Result of the Application of IPSAS 46 Measurement invites comment on the applicability of current operational value to inventories and intangible assets. Read the full article:https://buff.ly/3XtK7FS and have your say! #HaveYourSay
About us
The ASB is the National Financial Reporting Standard Setter for the South African public sector. We formulate Standards of Generally Recognised Accounting Practice (GRAP) in terms of section 89 of the Public Finance Act (PFMA). In general, these Standards apply to entities within the public sector whose main objective is service delivery. In particular they apply to: - National and provincial departments - Certain public entities as listed in the PFMA - Constitutional institutions - Municipalities and all entities under their ownership control - Parliament and provincial legislatures These standards, which are based on International Public Sector Accountign Standards and International Financial Reporting Standards, promote government's overall objective of transparent reporting on revenue, expenses, assets and liabilities. We do this through focused and targeted stakeholder interaction and the provision of relevant and implementable Accounting Standards.
- Website
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http://asb.co.za
External link for Accounting Standards Board
- Industry
- Government Administration
- Company size
- 2-10 employees
- Type
- Government Agency
- Founded
- 2002
- Specialties
- GRAP, Generally Recognised Accounting Practice, Public Sector Finance, and Accounting Standards
Locations
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Primary
Get directions
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Get directions
cnr New & 6th Roads
Building A, International Business Gateway, Midridge Office Estate
Midrand, Gauteng 1685, ZA
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Get directions
PO Box 7001, Halfway House
Midrand, Gauteng 1685, ZA
Employees at Accounting Standards Board
Updates
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📢 HAVE YOUR SAY IN ASSESSING THE ASB’S WORK The Accounting Standards Board (ASB) sets accounting standards for the South African government. This includes national, provincial, and local government. Click here:https://buff.ly/3MMnwyt to read more and have your say.
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AGSA tables General Report... On 27 August 2024, the Auditor-General of South Africa (AGSA) tabled the 2022-23 consolidated general report on local government audit outcomes in Parliament. Read more here: https://buff.ly/3XwQAQI @Auditor-General of South Africa #PSAF #ASBKnowledgeSharing
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How climate-related matters can affect reporting in GRAP financial statements... Entities are affected by climate change, some more than others, which impacts their operations and delivery of their mandate. Lets read the full newsletter here:https://buff.ly/3TxtTt9 #AccountantsOfTheFuture
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Your measurement concerns – we heard you! The ASB has embarked on their measurement project. The purpose of the project is to develop guidance on the measurement of assets and liabilities in the Standards of GRAP . Read the full article:https://buff.ly/3XFGXPP #Measurement #Publicsector
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UPCOMING ASB BOARD MEETING IN SEPTEMBER 2024! The ASB Board meets on 26 September.. Lets see what will be considered:https://buff.ly/3MxPNIN #ASBBoard #Directive5 #GRAPReportingFramework
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ED 210 - Amendments to IPSAS as a Result of the Application of IPSAS 46 Measurement.. The ASB is consulting on Exposure Draft (ED) 210. ED 210 is a local ED based on the IPSASB’s ED 90, Amendments to IPSAS as a Result of the Application of IPSAS 46 Measurement. Comment on ED 210 closes on 8 November 2024. Read the full article here:https://buff.ly/3yZ8phR #HaveYourSay
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The IPSASB meets in September and expects to approve key Exposure Drafts... The IPSASB will meet from 17 to 20 September 2024, Access more information here:https://buff.ly/4e7d7ZE
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The effect of sustainability-related matters on financial statements.. The hype of sustainability reporting in the accounting profession has highlighted a need to apply a “sustainability lens” to everything entities do. Read our full newsletter#2 here:https://buff.ly/3XhnVO9 #AccountantsOfTheFuture
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The ASB concurrently issues the IPSASB’s Exposure Draft, Amendments to IPSAS as a Result of the Application of IPSAS 46 Measurement... The International Public Sector Accounting Standards Board (IPSASB) assessed the applicability of current operational value across IPSAS and proposed amendments to various IPSAS in Exposure Draft (ED) 90, Amendments to IPSAS as a Result of the Application of IPSAS 46 Measurement. Click the link to access the article:https://buff.ly/4dPLHYr #IPSASBfeedback #Publicsector #HaveYourSay
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