n IMFO : Official Journal of the Institute of Municipal Finance Officers - Amendments to GRAP 16 & GRAP 17

Volume 16, Issue 1
  • ISSN : 1607-520X



Simpler and improved reporting.

The Accounting Standards Board (the Board), as part of its objective to simplify and improve the Standards of GRAP, has amended selected requirements of the Standards of GRAP on Investment Property (GRAP 16) and Property, Plant and Equipment (GRAP 17). In terms of its simplification objective, the Board believes that requirements in the Standards should be simplified where possible. Simplifications are made where efficiencies over the financial reporting process can be achieved without compromising the core principles of the Standards. At the same time, the Board aims to improve financial reporting to ensure that useful information is provided to enable users to better understand and assess the accountability of public sector entities in relation to their mandated functions.

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error