News - Archives

23 Dec 2009

Accounting Standards Council and Commissioner of Charities seek public views on the exposure draft of Charities Accounting Standard

The Accounting Standards Council and the office of the Commissioner of Charities will be seeking views from the charity sector, accounting professionals and the public on the Exposure Draft of Charities Accounting Standard (CAS) and its application. The public consultation on the Exposure Draft of the CAS will be from 23 December 2009 to 3 March 2010.

18 Nov 2009

The International Accounting Standards Board (IASB) has issued the IFRS 9 Financial Instruments on 12 November 2009. The ASC is presently deliberating on the adoption of the standard in Singapore. An announcement will be made when the ASC reaches a decision. [IFRS 9 Financial Instruments and IFRS 9 – Appendix C and Guidance].

18 Nov 2009

Ms Euleen Goh, Chairperson of the Accounting Standards Council (ASC), led a five-member Singapore delegation team to attend the inaugural meeting of the Asian-Oceanian Standard-Setters Group (AOSSG) in Kuala Lumpur, Malaysia, on 4 and 5 November 2009. Click here for the details.

27 May 2009

The ASC has announced its strategic direction to work towards full convergence with the International Financial Reporting Standards for Singapore listed companies by 2012. Click here for the press release.

27 Apr 2009

The ASC, together with the accounting standard setters from this region, has agreed on the formation of the Asian-Oceanian Standard Setters Group (AOSSG) on 17 April 2009 in Beijing. Click here for the news release.