ASB: CFOs re New Accounting Requirements for 2020/2021

11 May 2021
Financial Reporting
South African Accounting Academy

The ASB issued this letter to CFOs and Finance Managers of Public Entities, Trading Entities, Constitutional Institutions, Parliament and Provincial Legislatures, Municipalities, Municipal Entities, and TVET and CET Colleges, stating that several new accounting requirements are effective for financial years commencing on or after 1 April 2020.

The annexure to this letter includes a table which outlines the new or revised pronouncements applicable to entities.

Links to some useful documents are also provided in the letter.

Click here to download the letter:

https://www.asb.co.za/wp-content/uploads/2021/02/Communication-to-CFOs-on-standards-effective-2021-090221.pdf

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