Extension of Commenting Period on the Revised Tanzania Financial Reporting Standard No. 1 Governance Report

Imewekwa: Feb 11, 2020

The National Board of Accountants and Auditors (NBAA) is seeking comments on the exposure draft which has been posted on NBAA website available at Exposure Draft 2020

Objective of the Exposure Draft

NBAA is currently in the process of reviewing TFRS 1: The Directors’ Report which was issued in 2010, with the aim of updating hence accommodating various developments and changes that have taken place since its issuance. Stringent requirements for governance are required to be complied with by Reporting entities whether incorporated or otherwise. Reporting entities are more responsive to quite a number of stakeholders.

Guidance for respondents

The table attached on the link above contains two types of questions namely, general questions and specific questions to the review process, of which NBAA is requesting various stakeholders to abide by the questions provided as a guidance when formulating their comments,

Extension of Commenting Period

Commenting period has been extended to 31st March, 2020 at 16:00hours. Please use emails mohamed.msimu@nbaa.go.tz or saimon.kiondo@nbaa.go.tz to send your comments before the due date.