Local News - Current

 11 Mar 2019   The ASC has issued Amendments to SFRS(I) 3: Definition of a Business and Amendments to FRS 103: Definition of a Business, effective for annual reporting periods beginning on or after 1 January 2020.

 11 Mar 2019   The ASC has issued Amendments to SFRS(I) 1-1 and SFRS(I) 1-8: Definition of Material and Amendments to FRS 1 and FRS 8: Definition of Material, effective for annual reporting periods beginning on or after 1 January 2020.

 30 Jan 2019   2019 Volumes of SFRS(I)s and FRSs
The ASC has published the collections of SFRS(I)s and FRSs that are required to be applied for annual reporting period beginning on 1 January 2019. The collections include official pronouncements that have been issued by the ASC up to 31 December 2018, but do not include new/revised/amendments to SFRS(I)s and FRSs which are effective for annual reporting periods beginning after 1 January 2019.

 14 Jan 2019   The ASC has issued the revised SFRS(I) and FRS Conceptual Framework for Financial Reporting (Conceptual Framework), together with the Amendments to References to the Conceptual Framework in SFRS(I) Standards and Amendments to References to the Conceptual Framework in FRS Standards (collectively, the Amendments). The Conceptual Framework is not a Standard and does not override any requirement in a Standard. The Amendments are effective for annual reporting periods beginning on or after 1 January 2020.

 09 Jan 2019   The ASC has submitted its comment letter to the IASB on DP/2018/1 Financial Instruments with Characteristics of Equity.

Last updated on 11 March 2019