The ASC formulates accounting standards for companies, charities, co-operative societies and societies pursuant to the Accounting Standards Act. However, the ASC is not authorised to provide advice on the application of those accounting standards.

If you require advice on the application of the accounting standards issued by the ASC, you may wish to seek professional advice.

Singapore Financial Reporting Standards (International) (SFRS(I)s)
Singapore Financial Reporting Standards (FRSs)
Singapore Financial Reporting Standard for Small Entities (SFRS for Small Entities)

SFRS(I)s, FRSs and SFRS for Small Entities (collectively, the SFRS Standards) issued by the ASC are published for your own personal non-commercial use only, subject to the Terms & Conditions of Use of this Web Site.

As the SFRS Standards are based on IFRS Standards and the copyright to IFRS Standards is owned by the IFRS Foundation, permission to use the SFRS Standards for any other purpose is required from the ASC and the IFRS Foundation with regard to the SFRS Standards and IFRS Standards, respectively.

Charities Accounting Standard (CAS)

CAS issued by the ASC is published for your own personal non-commercial use only, subject to the Terms & Conditions of Use of this Web Site.

Permission to use CAS for any other purpose is required from the ASC.

You may receive a 'Request Denied' or other error message when you access Singapore Financial Reporting Standards (International) (SFRS(I)s), Singapore Financial Reporting Standards (FRSs), or Singapore Financial Reporting Standard for Small Entities (SFRS for Small Entities) (collectively, the SFRS Standards).

The SFRS Standards are based on IFRS Standards. As the copyright to IFRS Standards is owned by the IFRS Foundation, the access to the SFRS Standards is restricted to Singapore-based IP addresses only due to copyright requirements of the IFRS Foundation.

If you are accessing this Web Site from office, you may wish to check with your IT department whether your company is accessing the internet via a proxy server not located in Singapore. Alternatively, you may consider accessing the SFRS Standards through a local connection.

If you are accessing this Web Site within Singapore and is wrongly denied access, please contact us by email: MOF_Feedback_ASC@mof.gov.sg with a screenshot of your IP address.

The ASC has issued the following accounting standards:

(1)  Singapore Financial Reporting Standards (International) (SFRS(I)s): SFRS(I)s is the applicable financial reporting framework for Singapore-incorporated companies that meet specified criteria. For further details, please refer to the SFRS(I)s Statement on Applicability.

(2)  Singapore Financial Reporting Standards (FRSs)

(3) Singapore Financial Reporting Standard for Small Entities (SFRS for Small Entities): SFRS for Small Entities is an alternative financial reporting framework for Singapore-incorporated companies that meet specified criteria. For further details, please refer to the SFRS for Small Entities Statement on Applicability.

(4)  Charities Accounting Standard (CAS): CAS is an alternative financial reporting framework for a charity or an Institution of a Public Character that is registered or approved under the Charities Act, and that meets specified criteria. For further details, please refer to the Financial Reporting Framework for Charities Statement of Applicability.

An annual volume is a collection of SFRS(I)s or FRSs that is required to be applied for a particular annual reporting period that coincides with the calendar year.

For example, the 20X1 volume of SFRS(I)s is required to be applied for the annual reporting period beginning on 1 January 20X1. This volume:

(i) Includes official pronouncements of new/revised/amendments to SFRS(I)s that remain effective for the annual reporting period beginning on 1 January 20X1 (and issued up to 31 December 20X0); and

(ii) Does not include official pronouncements of new/revised/amendments to SFRS(I)s that are effective for annual reporting periods beginning after 1 January 20X1.

The official pronouncements of new/revised/amendments to SFRS(I)s or FRSs are accessible using hyperlinks labelled 'Changes effective for annual periods beginning after 1 Jan...'.

For example, a new SFRS(I) standard that is issued in 20X0, and effective for annual reporting periods beginning on or after 1 January 20X2, is accessible using the following hyperlinks:

(i)  Changes effective for annual periods beginning after 1 Jan 20X0; and

(ii) Changes effective for annual periods beginning after 1 Jan 20X1.

The ASC welcomes comments and feedback on the consultation documents. Please submit your comments to the ASC by email: MOF_Feedback_ASC@mof.gov.sg.