Get ready for our upcoming product updates and releases with these webinar sessions.
Important notice for users submitting Individual Tax Returns on ITM  please click here for further information.

GRAP | How to update the New Standards and Interpretations note

Published:  26/04/2019
How to update the standards and interpretations note


GRAP 3.32 requires that “When an entity has not applied a new Standard of GRAP that has been issued that is not yet effective, the entity shall disclose:
  •  this fact; and
  • known or reasonably estimable information relevant to assessing the possible impact that application of the new Standard will have on the entity’s financial statements in the period of initial application".
As the Accounting Standards Board (ASB) continuously issue new standards and amendments to existing standards, this note needs to be updated frequently.

In order to manage this, the GRAP template’s note for new Standards and Interpretations are updated frequently.

The Control table automatically calculates when a Standard should be adopted by the entity, based on the standard’s issue date and effective date, which it compares to the entity’s year end and directors approval date.
Click here for guidance on how the new Standards and Interpretations control table works.

To ensure this note is compliant with the latest Standards and Interpretations,:
Click here to view the latest product update for the GRAP template.

For reference purposes please visit the ASB website.
Click here to view The Accounting Standards Board (ASB) website.
(Popularity = 2/100, Rating = 0.0/5)

Didn't find what you were looking for?

Watch a video

Check out our helpful video guides

Contact Support

Contact our support team
CaseWare and the CaseWare logo, are registered trademarks of CaseWare International Inc. and are licenced for use to CaseWare Africa and Adapt IT. © 2018. All rights reserved.

For more information, visit

If you would like to keep up to date with the latest CaseWare Africa news:

For South Africa clients follow us on:
LinkedIn   Twitter   Facebook   YouTube  

For Nigeria, Kenya, Mauritius and the rest of Africa you can connect with us on:
LinkedIn   Twitter   Facebook   YouTube
Copyright © 2019 | All Rights Reserved