The Accounting Standards Board (ASB) Directive 12 requires that all public entities, incl
We have assisted various municipalities and professional bodies over the past few weeks and months with capacity building and technical support on the practical impact of the MSCOA as a compliance framework on the municipality's financial statements which are prepared GRAP reporting framework. Following from these sessions, we wish to communicate a few key elements for municipalities to consider as part of their GRAP AFS preparation processes, such as:
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Should you require any GRAP AFS support pertaining to the mSCOA Year One disclosures and amendments applicable to the mSCOA transition, the impact on the asset register, audit working paper considerations and / or budgeting and costing element, please contact us to determine how we could be of assistance.