Independent national accounting standard-setter.

We are the independent national accounting standard-setter.

Key player in international standard-setting

We are a key player in the international standard-setting arena. 

Reporting economics of business transactions

We are a strong advocate of financial reporting that reflects the economics of business transactions.

Open and consultative

Our standard-setting process is open and consultative.

ASC reminds Singapore companies listed on SGX of f

ASC reminds Singapore companies listed on SGX of full IFRS convergence in 2018. 

Contemporary Issues in Accounting Conference 2015

ASC and NTU jointly hosted the Contemporary Issues in Accounting Conference on 22 May 2015.

LATEST NEWS

  • 30 Nov 2016 - ASC reminds Singapore companies listed on SGX of full IFRS convergence in 2018 and affirms retention of existing frameworks for other Singapore companies.

  • 28 Oct 2016 - ASC has submitted its comment letter to the IASB on ED/2016/1 Definition of a Business and Accounting for Previously Held Interests (Proposed amendments to IFRS 3 and IFRS 11).

  • 28 Oct 2016 - ASC has issued Amendments to FRS 102: Classification and Measurement of Share-based Payment Transactions.

  • 21 Sep 2016 - ASC has submitted its comment letter to the IFRS Foundation on Exposure Draft Trustees' Review of Structure and Effectiveness: Proposed Amendments to the IFRS Foundation Constitution.

  • 30 Jun 2016 - ASC invites comments on ED/2016/1 Definition of a Business and Accounting for Previously Held Interests (Proposed amendments to IFRS 3 and IFRS 11).

CONSULTATIONS

  • 30 Jun 2016 - Exposure Draft ED/2016/1 Definition of a Business and Accounting for Previously Held Interests (Proposed amendments to IFRS 3 and IFRS 11), comments by 26 Aug 2016.

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