ASC issues Annual Improvements to SFRS(I)s and FRSs, together with various narrow-scope amendments to SFRS(I)s and FRSs.
ASC defers effective date of Classification of Liabilities as Current or Non-current (Amendments to SFRS(I) 1-1 and FRS 1) to 1 January 2023.
IASB amends IFRS 17 Insurance Contracts and defers effective date to 1 January 2023.
ASC amends SFRS(I) 16 and FRS 116 on Covid-19-Related Rent Concessions.
IASB published educational materials on application of IFRS 9 and IFRS 16 to questions arising from Covid-19 situation.

Latest News

30 Jul 2020 - ASC has issued Annual Improvements to SFRS(I)s 2018-2020 and Annual Improvements to FRSs 2018-2020 .
30 Jul 2020 - ASC has issued Amendments to SFRS(I) 3 and Amendments to FRS 103 on Reference to the Conceptual Framework.
30 Jul 2020 - ASC has issued Amendments to SFRS(I) 1-16 and Amendments to FRS 16 on Property, Plant and Equipment—Proceeds before Intended Use.
30 Jul 2020 - ASC has issued Amendments to SFRS(I) 1-37 and Amendments to FRS 37 on Onerous Contracts—Cost of Fulfilling a Contract.
23 Jul 2020 - ASC has issued Amendment to SFRS(I) 1-1 and Amendment to FRS 1 on Classification of Liabilities as Current or Non-current—Deferral of Effective Date.
29 May 2020 - ASC has issued Amendments to SFRS(I) 1-1 and Amendments to FRS 1 on Classification of Liabilities as Current or Non-current.
28 May 2020 - ASC has issued Amendment to SFRS(I) 16 and Amendment to FRS 116 on Covid-19-Related Rent Concessions.
22 May 2020 - ASC has submitted its comment letter to the IASB on ED/2020/1 Interest Rate Benchmark Reform—Phase 2 (Proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16).

Consultations

23 Mar 2020 - DP/2020/1 Business Combinations—Disclosures, Goodwill and Impairment, comments by 30 September 2020 [extended]
3 Feb 2020 - Request for Information: Comprehensive Review of the IFRS for SMEs Standard, comments by 21 August 2020 [extended]
18 Dec 2019 - ED/2019/7 General Presentation and Disclosures, comments by 27 July 2020 [extended]

29 May 2020 - ASC's comment letter on ED/2020/3 Classification of Liabilities as Current or Non-current—Deferral of Effective Date (Proposed amendment to IAS 1)
22 May 2020 - ASC's comment letter on ED/2020/1 Interest Rate Benchmark Reform—Phase 2 (Proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16)
8 May 2020 - ASC's comment letter on ED/2020/2 Covid-19-Related Rent Concessions (Proposed amendment to IFRS 16)