Welcome to ISCA’s centralised Knowledge Centre! Here you will find the latest news on developments in the technical front. You will also discover relevant and useful resources aimed at empowering our members with knowledge in core and other disciplines.
ACRA has issued changes to the ACRA Code to adopt two IESBA’s Final Pronouncements relating to the Revisions to Part 4B and Role & Mindset provisions. The changes will take effect from 31 December 2021.
These changes mirror ISCA’s EP 100 (revised on 7 July 2021) which is also effective 31 December 2021.
ISCA issues FRB 9 (Revised) Accounting Implications of the Interest Rate Benchmark Reform to share accounting considerations on specific matters to assist entities in their understanding of the accounting for financial instruments and hedge accounting which are affected by the replacement of interest rate benchmarks within these contracts.
ISCA issues FRG 3 Preparation of Interim Financial Statements under SFRS(I) 1-34 Interim Financial Reporting (in compliance with the SGX Listing Rule 705(3A)) and two sets of Illustrative Condensed Interim Financial Statements to assist issuers in understanding the implications of SGX Listing Rule 705(3A) and applying SFRS(I) 1-34’s requirements in their preparation of interim financial statements.
ISCA-SUSS Business Analytics Certification Programme
The ISCA-SUSS (Singapore University of Social Sciences) Business Analytics Certification Programme allows individuals to future proof and deepen their skill sets in data analytics. Data analytics skills have been identified in the Skills Framework in Accountancy as one of the skill sets in demand now and in the future as the accountancy sector continues to transform.