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FR Local News
ISCA issues Financial Reporting Bulletin 3 (FRB 3 Revised) on Classification of Liabilities as Current or Non-current (Amendments to SFRS(I) 1-1)
30 Oct 2020
FRB 3 (Revised), issued on 30 October 2020, was issued to assist members in understanding and applying the amendments to IAS 1 (issued by IASB in January 2020) to certain common scenarios in Singapore such as “long-term loans with callable clauses” and “term loans with rollover facilities”.
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FR Local News
ASC issues SFRS for Small Entities – Q&A Section 35, Issue 1
07 Oct 2020
The ASC issues Q&A Section 35, Issue 1: Application of the undue cost or effort exemption when measuring fair value on transition to the Singapore Financial Reporting Standard for Small Entities in October 2020.
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FR Local News
ASC reiterates its policy intent for continuing alignment of the effective dates of SFRS(I) 17 and FRS 117 with IFRS 17
01 Oct 2020
The ASC is aware of an uncertainty among some stakeholders about the effective dates of SFRS(I) 17 Insurance Contracts and FRS 117 Insurance Contracts.
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FR Local News
ISCA comments on IASB’s ED on General Presentation and Disclosures
29 Sep 2020
ISCA comments on IASB’s ED on General Presentation and Disclosures
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FR Local News
ISCA issues Financial Reporting Bulletin 6 (FRB 6 Revised Sep 2020) on COVID-19 Government Relief Measures: Accounting for the grant provided by the Singapore Government for wages paid to local employees under the Jobs Support Scheme
25 Sep 2020
FRB 6 (Revised Sep 2020) provides accounting guidance and key considerations on how to account for payouts receivable by employers under the Jobs Support Scheme (JSS).
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FR Local News
Public consultation on proposed amendments to the Companies Act
19 Jul 2020
The Accounting and Corporate Regulatory Authority (ACRA) invites the public to provide feedback on proposed amendments to the Companies Act (CA).
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FR Local News
ISCA issues Financial Reporting Bulletin 6 (FRB 6 Revised) on COVID-19 Government Relief Measures: Accounting for the grant provided by the Singapore Government for wages paid to local employees under the Jobs Support Scheme
15 Jul 2020
ISCA issues FRB 6 (Revised) on COVID-19 Government Relief Measures: Accounting for the grant provided by the Singapore Government for wages paid to local employees under the Jobs Support Scheme.
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FR Local News
Directors’ competency crucial to uphold quality in financial reporting
13 Jul 2020
ACRA issued its latest report on key findings from the third review cycle of the Financial Reporting Surveillance Programme (FRSP) today.
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FR Local News
ISCA comments on IASB’s ED Classification of Liabilities as Current or Non-current - Deferral of Effective Date (Proposed amendments to IAS 1)
02 Jun 2020
ISCA comments on IASB’s ED Classification of Liabilities as Current or Non-current - Deferral of Effective Date (Proposed amendments to IAS 1)
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FR Local News
ISCA comments on IASB’s ED Interest Rate Benchmark Reform Phase 2 (Proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16)
27 May 2020
ISCA comments on IASB’s ED Interest Rate Benchmark Reform Phase 2 (Proposed amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16)