The Accounting Standards Council (ASC) is partnering the International Accounting Standards Board (IASB) to organise a Forum on Leases in Singapore on 2 October 2013.
The IASB has issued a revised Exposure Draft (ED) on Leases in May 2013 proposing a new lease accounting requirement which could significantly affect lessees’ and lessors’ financial statements. A copy of the ED is available at the ASC’s
website at http://www.asc.gov.sg/attachments/2013/ED-Leases-Standard-May-2013.pdf
In that regard, the Forum would provide a platform for our constituents to hear direct from the IASB the salient features, rationale and key impact of the ED and exchange views on the ED with the IASB.
Details of the Forum on Leases are as follows:
If you are interested to participate in the Forum, please email to MOF_Feedback_ASC@mof.gov.sg by 13 September 2013 with the following details:
- your full name, designation and email contact details;
- your organisation name and industry; and
- the topic within the ED that would be of impact to your organisation and your broad views or any questions on the ED which you intend to share or raise at the Forum.
The Forum can accommodate a limited number of participants and priority will be given to registrants who had identified key areas of impact of the ED to their organisation for discussion with the IASB. In the interest of admitting as many
interested parties as possible, only one participant per organisation will be permitted. Successful registrants for the Forum will be notified by email by 20 September 2013.