Introduction to GRAP
|CPD Hours:||Attendance at this seminar will secure 1.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
For many provisional taxpayers, the end of February spells the deadline for the second provisional tax payment due to SARS. Non-compliance with the process or timing, might result in significant penalties and interest to the taxpayer. This course aims to ensure that you have all the knowledge to successfully finalise this second submission.
This session will cover the following: ● The role of the ASB (Accounting Standards Board) ● Requirements of the Public Finance Management Act (PFMA), Act No 1 of 1999 ● Which entities should report in terms of GRAP? ● Materiality and applying GRAP standards ● Overview of Standards of GRAP ● Overview of the Considerations when preparing GRAP financial statements
All accounting and audit professionals, who are: ● involved in preparing financial statements in accordance with GRAP standards, ● have to advise on when the GRAP framework should be used to prepare financial statements ● are involved in auditing financial statements prepared in accordance with the GRAP Framework