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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...
Grap,generally recognised accounting practice,public sector finance,and accounting standards
Accounting standards board operates in the Government administration industry.
Accounting standards board's revenue is 11m - 100m
Accounting standards board has 11 - 50 employees.
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