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]
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]
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
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
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