Financial Reporting

Featured News


ISCA issues FRB 9 on Accounting Implications Of The Interest Rate Benchmark Reform In Singapore

The global shift away from interbank offered rates and move towards the adoption of alternative, nearly risk-free benchmark rates is commonly known as Interest Rate Benchmark Reform (IBOR Reform). In Singapore, Singapore Overnight Rate Average (SORA) will replace Swap Offer Rate (SOR) and Singapore Interbank Offered Rate (SIBOR) as the alternative interest rate benchmark by 2024. This will affect all existing Singapore dollar-denominated financial products referencing SOR or SIBOR in their contracts.


ISCA issues FRB 9 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.

Learn more

ISCA issues FRG 3 with Illustrative Condensed Interim Financial Statements for the Preparation of Interim Financial Statements

FRG 3 Preparation of Interim Financial Statements under SFRS(I) 1-34 Interim Financial Reporting (in compliance with the SGX Listing Rule 705(3A)) has been issued 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. Accompanying FRG 3, two sets of Illustrative Condensed Interim Financial Statements have been issued as an illustration of how certain key requirements of SFRS(I) 1-34 and SGX Listing Rule Appendix 7.2 could be met concurrently in the interim financial statements.

Learn more

Due Process


Technical Guidance issued by ISCA Professional Standards Division

News & events

Latest updates on local and international developments!

Open for Comments

Read about proposed changes to the financial reporting standards in Singapore and our views on them!

Thought leadership


ISCA supports the profession by providing a wide range of resources on various financial reporting topics.

Micro Accounting Model

The MAM, developed by ISCA, is designed to facilitate micro, small and medium businesses operating in ASEAN to adopt accrual accounting.