Financial Reporting Standards (FRSs)

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Singapore Government
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Policy Statements and Speeches

 

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25 January 2010 The ASC has deliberated the adoption of IFRS 9 and decided to defer its adoption in Singapore. Click here to read more.
   
22 January 2010 The ASC has issued the revised FRS 24 Related Party Disclosures.  An entity shall apply the amendments retrospectively for annual periods beginning on or after 1 Jan 2011.
   
22 January 2010 The ASC has issued the Amendments to INT FRS 114.  An entity shall apply the amendments for annual periods beginning on or after 1 Jan 2011.
   
22 January 2010 The ASC has issued INT FRS 119 Extinguishing Financial Liabilities with Equity Instruments.  An entity shall apply the Interpretation for annual periods beginning on or after 1 Jul 2010.
   
7 January 2010 The IASB has issued the Exposure Draft ED/2010/1 Measurement of Liabilities in IAS 37 (Proposed amendments to IAS 37). Comments should be submitted to the ASC no later than 15 March 2010.
   
23 December 2009

ACCOUNTING STANDARDS COUNCIL AND COMMISSIONER OF CHARITIES SEEK PUBLIC VIEWS ON THE EXPOSURE DRAFT OF CHARITIES ACCOUNTING STANDARD

The Accounting Standards Council and the office of the Commissioner of Charities will be seeking views from the charity sector, accounting professionals and the public on the Exposure Draft of Charities Accounting Standard (CAS) and its application. The public consultation on the Exposure Draft of the CAS will be from 23 December 2009 to 3 March 2010.

   
18 November 2009

The International Accounting Standards Board (IASB) has issued the IFRS 9 Financial Instruments on 12 November 2009. The ASC is presently deliberating on the adoption of the standard in Singapore. An announcement will be made when the ASC reaches a decision.

   
11 November 2009 The IASB has issued the Exposure Draft ED/2009/12 Financial Instruments: Amortised Cost and Impairment. Comments should be submitted to the ASC no later than 30 April 2010.
   
 
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Last reviewed on 25 January 2010
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