The ASC has issued the following Singapore Financial Reporting Standard (International) (SFRS(I)) and Financial Reporting Standard (FRS):
- SFRS(I) 17 Insurance Contracts, and
- FRS 117 Insurance Contracts.
The SFRS(I) 17 Insurance Contracts and FRS 117 Insurance Contracts are effective for annual reporting periods beginning on or after 1 January 2021, with earlier application permitted.
Click here for SFRS(I) 17 Click here for FRS 117