The Accounting Committee deals with all technical matters relating to accounting including but not limited to :

  • Recommending IFRS standards for adoption by the PAAB
  • Developing and recommending local pronouncements/guidances to PAAB for issues
  • Responding to exposure drafts and other standard setting projects by regional and International Accounting Standards Boards

Below are the projects being undertaken by the Accounting Standards Committee:

Current and Past Project by the Accounting Standards Committee

ED Exposure Draft and comment letters: Non-current Liabilities with Covenants
PAAB is developing a comment letter to respond to IASB ED. Be part of the project and submit your views to PAAB on [email protected]
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Exposure Draft and comment letters: Supplier Finance Arrangements
PAAB is developing a comment letter on the IASB ED project. Be part of the project and submit your views to PAAB on [email protected]
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Lack of Exchangeability (Amendments to IAS 21)
View PAAB response on the IASB Exposure Draft on the Lack of Exchangeability. Click to download the response
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PAAB Reporting Expectations for 2021
Annually following the review of financial statements, PAAB publishes the reporting expectations report. Find out what the reporting expectations for 2022 are
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Applicability of IAS 29 for 2021 year end reporting
PAAB has considered applicability of IAS 29 on financial reporting for 2021 year end. You can view the press release here
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