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.
Auditor Independence when Providing Non-Assurance Services
- ISCA unveiled the findings of its inaugural survey on the views of audit committee members regarding the provision of non-assurance services (NAS) by auditors.
ISCA issues FRB 8 to provide guidance on the accounting for Foreign Worker Levy Waiver & Rebate on 24 Dec 2020. ISCA also issues FRB 5, FRB 6 and FRB 7 to provide accounting guidance on other COVID-19 Government Relief Measures.
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.
In the sub-section on Singapore Financial Reporting Standards, you will be able to obtain information on the accounting standards used in Singapore and also find relevant links to the Accounting Standards Council (ASC)’s website for the Financial Reporting Standards (FRSs), Singapore Financial Reporting Standards (International) (SFRS(I)s), Charities Accounting Standard and Singapore Financial Reporting Standard for Small Entities issued by the ASC. In addition, there are the Recommended Accounting Practices (RAP) issued by ISCA.
In the sub-section on International Financial Reporting Standards, you can find out more about the International Accounting Standards Board (IASB), the independent standard-setting body of the IFRS Foundation and relevant links to the IASB.