The ASB is the National Financial Reporting Standard Setter for the South African public sector. We formulate Standards of Generally Recognised Accounting Practice (GRAP) in terms of section 89 of the Public Finance Act (PFMA). 
In general, these Standards apply to entities within the public sector whose main objective is service delivery. In particular they apply to: 
- National and provincial departments
- Certain public entities as listed in the PFMA
- Constitutional institutions
- Municipalities and all entities under their ownership control
- Parliament and provincial legislatures

These standards, which are based on International Public Sector Accountign Standards and International Financial Reporting Standards, promote government's overall objective of transparent reporting on revenue, expenses, assets and liabilities. We do this through focused and targeted stakeholder interaction and the provision of relevant and implementable Accounting Standards.

Accounting Standards Board

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Accounting Standards Board

Org chart

Teams

Offices

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