n IMFO : Official Journal of the Institute of Municipal Finance Officers - Exposure drafts issued by the Accounting Standards Board

Volume 9, Issue 3
  • ISSN : 1607-520X



The publication of the 2008 Regulation in the Government Gazette, prescribing the effective date of another 17 Generally Recognised Accounting Practice (GRAP) Standards, has resulted in more entities becoming aware of the impact of accrual accounting on the future preparation of their financial statements.

Entities are also starting to acknowledge the importance of commenting on the exposure drafts issued by the Accounting Standards Board (the Board) to ensure that all entity specific matters are addressed and taken into account before a Standard of GRAP is finalised. In this article Amanda Botha, Project Manager of the Board, highlights some of the important accounting principles addressed in recently issued exposure drafts.

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