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Draft 2nd Edition of the SA REIT for financial reporting is...

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The SA REIT (Real Estate Investment Trust) sector has published a draft second edition to its best practice recommendations for public comment. The SA REIT Best Practice Recommendations (BPR) was first published by the SA REIT Association in 2016 to make financial reporting of South African REITs more transparent and improve comparability.

IFRS 15 – Revenue from Contracts with Customers requires investment

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From January 2018, the new revenue recognition requirements come into effect. The new revenue requirements may require additional investment to ensure compliance.

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