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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 International Financial Reporting Standards, promote government's overall objective of transparent reporting on revenue, expenses, assets and liabilities. We do this through focused and targeted stakeholder interaction and the provision of relevant and implementable Accounting Standards.
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#279A8A
Jungle Green
39, 154, 138
172, 60, 38
75, 0, 10, 40
#101010
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16, 16, 16
0, 0, 6
0, 0, 0, 94
#FFFFFF
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255, 255, 255
0, 0, 100
0, 0, 0, 0
The Accounting Standards Board (ASB) is a South African public-sector body based in Pretoria. It develops and supports accounting standards for public entities, helping strengthen the quality and consistency of financial reporting across the public sector. Its work includes setting Standards of Generally Recognised Accounting Practice (GRAP), publishing interpretations and directives, and providing guidance, research, and educational resources to support their adoption.
The ASB shares proposed standards and amendments for public comment, including exposure drafts and international consultation documents. Its website offers a GRAP Knowledge Hub, technical articles, fact sheets, guidelines, research papers, and answers to technical enquiries. The organisation also provides training and learning materials, hosts meetings and events, and publishes meeting highlights, newsletters, webcasts, recordings, and presentations. These services help stakeholders understand accounting requirements and participate in the standard-setting process. The ASB also provides information about its governance, board, work programme, procurement, annual reports, and due process. Based at 40 Church Square in Pretoria, it can be contacted by phone or email for enquiries and further information.
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