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The Accounting Practices Board and the Financial Reporting Standards Council, have withdrawn SA GAAP for financial periods beginning on or after 1 December 2012.
Entities currently applying SA GAAP will need to move to either IFRS or IFRS for SMEs.
The Accounting Practices Board and the Financial Reporting Standards Council, have withdrawn SA GAAP for financial periods beginning on or after 1 December 2012.
Entities currently applying SA GAAP will need to move to either IFRS or IFRS for SMEs.
A very good afternoon to you Dave
So, GAAP is the acronym for 'generally accepted accounting practice,' which to my knowledge was a standardised approach to accountancy so that everyone could be on the same page, what is this IFRS?
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