Latest News

  • 27 Nov 2020 - ASC has issued amendments to various SFRS(I)s and FRSs on Interest Rate Benchmark Reform—Phase 2.

  • 27 Nov 2020 - ASC has issued Amendments to SFRS(I) 17 and Amendments to FRS 117, together with Amendments to SFRS(I) 4 and Amendments to FRS 104 on Extension of the Temporary Exemption from Applying SFRS(I) 9 and FRS 109, respectively.

  • 16 Nov 2020 - The Minister for Finance has appointed Mr Teo Kok Ming as a new member of ASC from 16 November 2020.

  • 30 Oct 2020 - The Minister for Finance has appointed Mr Quek See Tiat as the Chairman and Mr Desmond Chin as a new member of ASC from 1 November 2020.

  • 8 Oct 2020 - ASC has issued Q&A Section 35, Issue 1: Application of the undue cost or effort exemption when measuring fair value on transition to the Singapore Financial Reporting Standard for Small Entities.

  • 6 Oct 2020 - ASC has submitted its comment letter to the IASB on Request for Information: Comprehensive Review of the IFRS for SMEs Standard.

  • 6 Oct 2020 - ASC has submitted its comment letter to the IASB on ED/2019/7 General Presentation and Disclosures.

  • 2 Oct 2020 - ASC reiterates its policy intent for continuing alignment of the effective dates of SFRS(I) 17 and FRS 117 Insurance Contracts with IFRS 17 Insurance Contracts, in response to uncertainty among some stakeholders.

Consultations

  • No open consultation.

Submissions

  • 6 Oct 2020 - ASC's comment letter on Request for Information: Comprehensive Review of the IFRS for SMEs Standard.
  • 6 Oct 2020 - ASC's comment letter on ED/2019/7 General Presentation and Disclosures.