Public Consultation for Financial Reporting Guidances (FRGs)

Financial Reporting Guidances (FRGs) are issued to share technical views and insights on issues, and/or best practices in an area/industry. Unlike the accounting standards, FRGs are not mandatory on ISCA members but are consistent with the purpose of accounting standards. They reduce diversity and ensure better and more consistent financial reporting. Therefore, they are expected to be followed and ISCA members should be prepared to explain departures if called upon to do so.

FRGs have been approved for issue by ISCA Financial Reporting Committee.

For the due process relating to the issuance of exposure drafts, please refer to the ISCA Financial Reporting Codification Framework.

All responses should be sent to professionalstandards@isca.org.sg by the respective due dates as indicated below.

 

Description

Published Date

Comments Due By

ED FRG 1

Real Property Valuation for Financial Reporting – Best practices when engaging valuers: Considerations for Scope of Work (“SOW”) and Valuation Report (“VR”)

8 October 2019

5 November 2019
(Closed)

ED FRG 2

Accounting for Cryptoassets: From a Holder's Perspective

26 November 2019

23 December 2019
(Closed)

ED FRG 3

Preparation of Interim Financial Statements under SFRS(I) 1-34 Interim Financial Reporting (in compliance with the SGX Listing Rule 705(3A))

26 February 2021

25 March 2021
(Closed)

ED FRG 4Accounting Considerations for a Special Purpose Acquisition Company (SPAC) under SGX SPAC Listing Framework
12 September 20227 October 2022
(Closed)