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.

Contemporary Issues in Accounting Conference 2015

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

LATEST NEWS

  • 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).

  • 30 Jun 2016 - ASC has issued FRS 116 Leases.

  • 08 Jun 2016 - ASC has issued Amendments to FRS 115: Clarifications to FRS 115 Revenue from Contracts with Customers.

  • 23 Mar 2016 - ASC has submitted its comment letter to the IASB on ED/2015/9 Transfers of Investment Property (Proposed amendment to IAS 40).

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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