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ASC issues amended FRS 119 Subsidiaries and Small Entities without Public Accountability: Disclosures and third edition of the SFRS for Small Entities

The Accounting Standards Committee (ASC) has issued:

  • Amendments to Financial Reporting Standard (FRS) 119 Subsidiaries and Small Entities without Public Accountability: Disclosures, effective for annual reporting periods beginning on or after 1 January 2027.
  • Third edition of the Singapore Financial Reporting Standard (SFRS) for Small Entities, effective for annual reporting periods beginning on or after 1 January 2027.

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