The IASB has issued the Exposure Draft ED/2011/7 Transition Guidance (Proposed amendments to IFRS 10). Comments should be submitted to the ASC no later than 31 January 2012.

Mr Michael Lim appointed as Chairman of the Accounting Standards Council. Click here for the press release issued by the Ministry of Finance. The composition of the Council can also be found here.

The IASB will be holding a public round-table on Request for Views Agenda Consultation 2011 in Singapore on 13 Jan 2012. Interested parties can register with the IASB to attend the meeting as a participant or as an observer by 21 Dec 2011 (Wednesday).

The SME Implementation Group (SMEIG) has published two draft Questions & Answers on the IFRS for Small and Medium sized Entities. Comments should be submitted to the ASC no later than 20 December 2011.

The IASB has issued the Exposure Draft ED2011/6 Revenue from Contracts with Customers. Comments should be submitted to the ASC no later than 13 February 2012.

The IASB has issued the Exposure Draft ED2011/5 Government loans – Proposed amendments to IFRS 1. Comments should be submitted to the ASC no later than 25 November 2011.

The IASB has issued the draft Q&As on 5 issues relating to the implementation of the International Financial Reporting Standard for Small and Medium-sized Entities. Comments should be submitted to the ASC no later than 28 Oct 2011.

The ASC has issued Amendments to FRS 1 – Presentation of Items of Other Comprehensive Income, effective for annual periods beginning on or after 1 July 2012.

The ASC has issued FRS 19 Employee Benefits, FRS 27 Separate Financial Statements, FRS 28 Investments in Associates and Joint Ventures, FRS 110 Consolidated Financial Statements, FRS 111 Joint Arrangements, FRS 112 Disclosure of Interests in Other Entities and FRS 113 Fair Value Measurement, effective for annual periods beginning on or after 1 January 2013.

The IASB has issued the Exposure Draft ED2011/4 Investment Entities. Comments should be submitted to the ASC no later than 28 October 2011.

The IASB has launched a public consultation on its future work programme. Comments should be submitted to the ASC no later than 16 September 2011.

The IASB has issued the Exposure Draft ED/2011/3 Mandatory Effective Date of IFRS 9. Comments should be submitted to the ASC no later than 26 August 2011.

The IASB has issued the Exposure Draft ED2011/2 Improvements to IFRSs. Comments should be submitted to the ASC no later than 19 August 2011.

The ASC has issued the Charities Accounting Standard.

The IFRS Foundation has issued the Report of the Trustees’ Strategy Review – IFRSs as the Global Standard: Setting a Strategy for the Foundation’s Second Decade.  The ASC would like to invite your comments to the strategy review document. Comments should be submitted to the ASC no later than 3 June 2011.

The ASC would like to invite investors to participate in an online survey from the IASB and the FASB on the potential effective dates and transition methods of the following projects: Accounting for Financial Instruments, Leases, Revenue Recognition, and Accounting for Insurance Contracts. Deadline for submission is 6 May 2011.

The IASB has issued the draft Q&As on three issues relating to the implementation of the International Financial Reporting Standard for Small and Medium-sized Entities. Comments should be submitted to the ASC no later than 16 May 2011.

The IASB and FASB will be holding a round-table meeting on Financial Asset and Financial Liability Offsetting in Singapore on 6 May 2011. Interested parties can register with the IASB to attend the meeting as a participant or as an observer by 15 April 2011 (Friday).

The ASC has issued amendments to FRS 101 Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters. An entity shall apply the amendments for annual periods beginning on or after 1 July 2011.

The ASC has issued the FRS Practice Statement on Management Commentary. An entity may apply the Practice Statement prospectively from 1 April 2011.

The ASC would like to invite interested parties to participate in an online questionnaire from the Australian Accounting Standards Board (AASB) on the initial accounting for intangible assets acquired under IFR3 Business Combinations and IAS 38 Intangible Assets. Deadline for submission is 17 June 2011.

The ASC has issued The Conceptual Framework for Financial Reporting 2010 (Chapters 1 and 3). An entity shall apply the framework for annual periods beginning on or after 1 March 2011.

The ASC has issued amendments to FRS 12 Deferred Tax: Recovering of Underlying Assets. An entity shall apply the amendments for annual periods beginning on or after 1 Jan 2012.

The ASC has issued amendments to FRS 107 Disclosures – Transfer of Financial Assets. An entity shall apply the amendments for annual periods beginning on or after 1 Jul 2011.

The IFRS Foundation Monitoring Board has released a consultative report on its review of the IFRS Foundation’s Governance. The ASC would like to invite your comments to the report. Comments should be submitted to the ASC no later than  6 March 2011.

The IASB has issued the Exposure Draft ED 2011/1 Offsetting Financial Assets and Financial Liabilities. Comments should be submitted to the ASC no later than 4 March 2011.