Local News - Current

01 Apr 2021
The Minister for Finance has appointed Mr Lin Qinghui as a new member of the ASC from 1 April 2021. Mr Lin will replace Mr Lim Zhi Yang and has been appointed for the term until 31 October 2021. The composition of the ASC can be found here. Click here for the press release issued by the Ministry of Finance.
31 Mar 2021
The ASC invites comments on Request for Information: Third Agenda Consultation by 9 July 2021.
31 Mar 2021
The ASC has issued Amendment to SFRS(I) 16: Covid-19-Related Rent Concessions beyond 30 June 2021 and Amendment to FRS 116: Covid-19-Related Rent Concessions beyond 30 June 2021, effective for annual reporting periods beginning on or after 1 April 2021. An entity may early apply the amendments in financial statements not authorised for issue at 31 March 2021.
30 Mar 2021
The ASC invites comments on Exposure Draft ED/2021/3 Disclosure Requirements in IFRS Standards—A Pilot Approach (Proposed amendments to IFRS 13 and IAS 19) by 23 July 2021.
30 Mar 2021
The ASC has submitted its comment letter to the IASB on ED/2020/4 Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16).
25 Feb 2021
The ASC has submitted its comment letter to the IASB on ED/2021/2 Covid-19-Related Rent Concessions beyond 30 June 2021 (Proposed amendment to IFRS 16).
11 Feb 2021
The ASC invites comments on forthcoming Exposure Draft ED/2021/2 Covid-19-Related Rent Concessions beyond 30 June 2021 (Proposed amendment to IFRS 16) by 18 February 2021. The IASB expects to issue the Exposure Draft later today, with a 14-day comment period.
29 Jan 2021
The ASC invites comments on Exposure Draft ED/2021/1 Regulatory Assets and Regulatory Liabilities by 31 March 2021.
20 Jan 2021
2021 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 2021. The collections include official pronouncements that have been issued by the ASC up to 31 December 2020, but do not include new/revised/amendments to SFRS(I)s and FRSs which are effective for annual reporting periods beginning after 1 January 2021.
06 Jan 2021
The ASC has submitted its comment letter to the IASB on DP/2020/1 Business Combinations—Disclosures, Goodwill and Impairment.