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We are a strong advocate of financial reporting that reflects the economics of business transactions.
Our standard-setting process is open and consultative.
ASC reminds Singapore companies listed on SGX of full IFRS convergence in 2018.
ASC issues Q&As on full IFRS convergence to Singapore companies listed on SGX.
ASC invites public comment on various exposure drafts.
ASC issues FRS 116 Leases.
'You get heard if you participate' – ACCA's interview with ASC Deputy Chairman.
13 Jan 2017 - ASC invites comments on ED/2017/1 Annual Improvements to IFRSs (2015-2017 Cycle).
12 Jan 2017 - ASC publishes the 2017 volume of FRSs and INT FRSs and the SFRS for Small Entities that is applicable for annual periods beginning on or after 1 Jan 2017.
28 Dec 2016 - ASC has issued a reminder letter to companies applying FRS on the new major standards on financial instruments, revenue recognition and leases.
23 Dec 2016 - ASC has issued Amendments to FRS 104: Applying FRS 109 Financial Instruments with FRS 104 Insurance Contracts, Amendments to FRS 40: Transfers of Investment Property, Improvements to FRSs (December 2016) and INT FRS 122: Foreign Currency Transactions and Advance Consideration.
19 Dec 2016 - ASC issues reminder letter and Q&As on full IFRS convergence to Directors and Chief Financial Officers of Singapore companies listed on SGX.
13 Jan 2017 - Exposure Draft ED/2017/1 Annual Improvements to IFRSs (2015-2017 Cycle), comments by 3 Mar 2017.