Have your say on the Post-implementation Review of GRAP 109 (ED 200)

An article on Disclosure of principal-agent arrangements depends on the nature of transactions with third parties explains the information that may be relevant to provide when transactions with third parties in a principal-agent arrangement are not financial transactions. The ED asks the following related question to users of financial statements:

Is information (as may be relevant) useful in the financial statements of the principal and the agent respectively about principal-agent arrangements that do not result in financial transactions between the principal and third parties, but are interactions between the principal and third parties? If the information required by GRAP 109 is not useful, please provide details of the information that is needed in the financial statements of the principal and agent respectively for accountability and decision making purposes, if any.

To respond to this question, access the Exposure Draft here. The comment deadline is 15 September 2023.