<p>ASB WORK PROGRAMME </p><p>Topic Proposed Secretariat Current status Current action required 2014/15 2015/16 Board member Quart 4 Quart 1 Quart 2 Quart 3 Quart 4</p><p>ASB PROJECTS AND LOCAL INITIATIVES</p><p>Improvements B Colyvas T Tshoke Research Research IPSASB, IASB LED project 2015/16 and internal improvements</p><p>Government L Bodewig T Tshoke Research Draft Directive issued Comments Business Enterprises (Phase II)</p><p>Guideline on A Botha Research OAG agreed to update; PPPs ASB to review</p><p>Principal-agent N Ranchod J Poggiolini & Research Exposure draft issued Comments relationships GRAP T Tshoke</p><p>Natural L Bodewig A Botha Research Discussion Paper issued Comments resources LED</p><p>Post V Jack J Poggiolini implementation review of Standards of GRAP</p><p>“Think V Jack J Poggiolini Research Discussion Paper issued. Comments on paper piece” on materiality</p><p>1 31 July 2014 ASB WORK PROGRAMME </p><p>Topic Proposed Secretariat Current status Current action required 2014/15 2015/16 Board member Quart 4 Quart 1 Quart 2 Quart 3 Quart 4</p><p>Review of R Rasikhinya J Poggiolini Research Research changes Comments GRAP 17, GRAP 16 and GRAP 1: </p><p>- Distincti on betwee n investm ent propert y and PPE</p><p>- Indicato r based approa ch for useful lives</p><p>- Disclos ure of capital work- in- progres s</p><p>- Retain or delete encour aged disclos ures</p><p>2 31 July 2014 ASB WORK PROGRAMME </p><p>Topic Proposed Secretariat Current status Current action required 2014/15 2015/16 Board member Quart 4 Quart 1 Quart 2 Quart 3 Quart 4</p><p>- Amend ments to GRAP 1, repairs and mainte nance </p><p>Interpretatio R Rasikhinya A Botha Research Research proposed ED IGRAP n on the accounting recognition of land</p><p>Guideline on R Rasikhinya A Botha Research Research proposed DG accounting accounting for housing arrangement s</p><p>Treatment of T Coetzer T Tshoke Research Changes agreed by Proposed transaction costs Board; publish as part of changes in relation to next improvements project GRAP 23</p><p>Review of T Coetzer A Botha Research Streamlining Directives DD transitional outlining transitional provisions in provisions. Directives 1 to 4 Monitor IPSAS first time adoption project. </p><p>GRAP Reporting A Botha Research Research FD Framework</p><p>3 31 July 2014 ASB WORK PROGRAMME </p><p>Topic Proposed Secretariat Current status Current action required 2014/15 2015/16 Board member Quart 4 Quart 1 Quart 2 Quart 3 Quart 4</p><p>Binding T Coetzer T Tshoke Research Monitor IPSASB LED arrangements consolidations project which now defines term.</p><p>Review of GRAP J Poggiolini & T Tshoke Research Research Comments 21 and 26 on Impairment of Assets</p><p>Insurance E Swart Research Research contracts in the public sector</p><p>Cash Flow Research Review presentation of Statements grants (separation between capital and operational & capital and operational expenditure on assets)</p><p>Strategy Full board E Swart Develop draft paper for Draft Paper discussion consultation after strategy</p><p>Framework for E Swart Research Project of the trilateral Research whole of government consolidation</p><p>IPSASB CONVERGENC E</p><p>IPSASB’s Active projects</p><p>Improvements B Colyvas T Tshoke IPSAS Improvements issued for Improve-</p><p>4 31 July 2014 ASB WORK PROGRAMME </p><p>Topic Proposed Secretariat Current status Current action required 2014/15 2015/16 Board member Quart 4 Quart 1 Quart 2 Quart 3 Quart 4</p><p> project 2014 ments (convergence) 2015/16</p><p>Public sector R Rasikhinya A Botha Draft Consultation Project re-activated; combinations Paper monitor.</p><p>Reporting on the V Jack J Poggiolini RPG 1 RPG 1 issued. Liaison Long Term with National Treasury on Sustainability of local application. an Entity’s Finances</p><p>Conceptual V Jack J Poggiolini FC Final chapter approved. Analysis framework Phase I</p><p>Consultation V Jack J Poggiolini IED Analysis of comments; Analysis Paper Phase II monitor.</p><p>Consultation V Jack J Poggiolini PFC Provisional approval of Analysis Paper Phase III final chapter.</p><p>Consultation V Jack J Poggiolini PFC Provisional approval of Analysis Paper Phase IV final chapter.</p><p>Reporting of CJ Kujenga J Poggiolini IED CP Draft RPG issued. Service Develop comment letter. Performance Information</p><p>Financial G Paul J Poggiolini RPG 2 Analysis of impact Statement prepared. Discuss with the Discussion and OAG Analysis</p><p>5 31 July 2014 ASB WORK PROGRAMME </p><p>Topic Proposed Secretariat Current status Current action required 2014/15 2015/16 Board member Quart 4 Quart 1 Quart 2 Quart 3 Quart 4</p><p>Consolidations K Kumar A Botha Exposure drafts Analysis of comments; and joint issued monitor. arrangements</p><p>First time L Bodewig A Botha Exposure draft Analysis of comments; adoption of issued. monitor. IPSASs</p><p>IPSASB’s Research project</p><p>Social benefits V Jack J Poggiolini IED Project reactivated IPSASB; monitor. </p><p>Revisions to T Coetzer J Poggiolini - Monitor – Pending IPSAS 23 (Non- completion of IPSASB exchange Conceptual Framework revenue)</p><p>Government L Bodewig T Tshoke IED COP Consultation Paper Business issued. Enterprises</p><p>Public Sector N Ranchod J Poggiolini Research Development of Specific Consultation Paper. Financial Instruments</p><p>Topic Board member Secretariat Current status Current action required 2014/15 2015/16</p><p>Quart 4 Quart 1 Quart 2 Quart 3 Quart 4</p><p>IASB CONVERGENC</p><p>6 31 July 2014 ASB WORK PROGRAMME </p><p>E</p><p>Improvements B Colyvas T Tshoke Research 10/12, 11/13 and 12/14 Improve- project improvements to be ments considered in 2015/16 2015/16</p><p>Interpretations B Colyvas T Tshoke Research Monitor Improve- ments 2015/16</p><p>Consolidations R Rasikhinya A Botha IFRS Monitor IPSASB project (IFRS 10 and (EDs issued) amendments to IAS 27 and 28)</p><p>Joint R Rasikhinya A Botha IFRS Monitor IPSASB project arrangements (EDs issued) (IFRS 11 and amendments to IAS 28)</p><p>Fair value B Colyvas T Tshoke IFRS Consider in context of Analysis measurement Phase 3 of IPSASB (IFRS 13) conceptual framework.</p><p>Revisions of IAS N Ranchod J Poggiolini Revised IAS Revised IAS recently 19 (Employee issued – consider impact Benefits) on public sector</p><p>Revision of IAS L Bodewig A Botha International ED Monitor – Pending 37 finalisation of IPSASB Conceptual Framework Project</p><p>Revenue T Coetzer J Poggiolini IFRS 14 issued Monitor IPSASB Analysis</p><p>Leases G Paul T Tshoke ED Monitor IASB</p><p>Agriculture ED Monitor IASB Research (bearer </p><p>7 31 July 2014 ASB WORK PROGRAMME </p><p> biological assets)</p><p>KEY</p><p>CL Comment Letter ICP International Consultation Paper</p><p>CP Consultation Paper IED International Exposure Draft</p><p>CED Concurrent Exposure Draft FG Final Guideline</p><p>DD Draft Directive GRAP Final Standard of GRAP</p><p>ED Draft Interpretation IAS International Accounting IGRAP Standard</p><p>DG Draft Guideline LED Local Exposure Draft</p><p>FD Final Directive PB Project Brief</p><p>IGRAP Final Interpretation PP Position Paper</p><p>RPG Recommended Practice Guideline</p><p>8 31 July 2014</p>