The Board undertakes “routine” maintenance activities as part of every work programme. The primary maintenance activity is the Improvements Project, which is done once every three years. An important component of the Improvements is to hear from stakeholders whether there are any minor changes that could be made to the Standards of GRAP to improve their application. For example, additional explanatory guidance on an issue may be needed in a Standard, or there may be potential inconsistencies in the requirements of different Standards that need to be aligned. Another maintenance activity is the Board publishes an Annexure to Directive 5 on Determining the GRAP Reporting Framework in October each year. The Annexure specifies the changes to the reporting framework from one year to the next. The full reporting framework is published outside the Directive on the ASB website. Many stakeholders rely on the Annexures when preparing financial statements and this is an annual activity that the Board intends to continue with. Access more information about the work programme consultation on our website here. |