The Accounting Standards Board:-
- Set Standards of GRAP;
- Promote the adoption of Standards of GRAP;
- Monitor the implementation of Standards of GRAP;
- Influence development of international standards; and
- Manage resources to ensure the ASB is operationally effective.
GRAP 1 sets out the overall framework and responsibilities for the preparation and presentation of financial statements, guidelines for their structure and minimum requirements for their content.
The latest version of GRAP 1 – click here
National Treasury guideline on GRAP 1 – click here
- Lectures 4
- Quizzes 1
- Duration 10 weeks
- Skill level All levels
- Students 0
- Certificate No
- Assessments Yes