| The Accounting Standards Board considers next steps for accounting by principals and agents |
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Accounting by principals and agents has been a hot topic for years and stakeholders remain unsure about when to apply GRAP 109 on Accounting by Principals and Agents. The Board agreed that a combination of actions by various role-players is necessary to resolve the issues raised in the recently completed post-implementation review.
The main issues and next steps of the Board are summarised below.
Access detailed information on the Board’s responses to issues identified on the ASB website. |
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