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FR Local News
ISCA comments on IASB’s ED on Disclosure Requirements in IFRS Standards – A Pilot Approach (Proposed amendments to IFRS 13 and IAS 19)
30 Jan 2022
ISCA comments on IASB’s ED on Disclosure Requirements in IFRS Standards – A Pilot Approach (Proposed amendments to IFRS 13 and IAS 19).
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Local News, FR Local News
Room for Improvement in the Quality of Financial Statements prepared by Singapore Listed Companies for Audits
12 Jan 2022
The study commissioned by the Accounting and Corporate Regulatory Authority (ACRA) reveals that there is room for improvement in the quality of financial statements prepared by some Singapore-listed companies for audits, after a survey study of 412 listed companies from 2018 to 2020.
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FR Local News
ASC publishes 2022 Volumes of SFRS(I)s and FRSs
10 Jan 2022
The Accounting Standards Council (ASC) has published the collections of SFRS(I)s and FRSs required to be applied for annual period beginning on 1 January 2022.
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FR Local News
ASC issues Amendments to SFRS(I) 17 and FRS 117 Initial Application of SFRS(I) 17 and SFRS(I) 9 and FRS 109—Comparative Information
14 Dec 2021
ASC issues Amendments to SFRS(I) 17 and FRS 117 Initial Application of SFRS(I) 17 and SFRS(I) 9 and FRS 109—Comparative Information.
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FR Local News
ACRA issues the Areas of Review Focus for FY2021 Financial Statements under ACRA’s Financial Reporting Surveillance Programme
14 Dec 2021
ACRA has issued Financial Reporting Practice Guidance No. 1 of 2021 Areas of Review Focus for FY2021 Financial Statements under ACRA’s Financial Reporting Surveillance Programme, which highlights financial reporting areas that may require closer attention by directors in the review of the FY2021 financial statements.
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FR Local News
ISCA Invites Comments on IASB's Exposure Draft Supplier Finance Arrangements (Proposed amendments to IAS 7 and IFRS 7)
26 Nov 2021
IASB has published Exposure Draft Supplier Finance Arrangements (Proposed amendments to IAS 7 and IFRS 7) for public comment to enhance the transparency of supplier finance arrangements and their effects on a company’s liabilities and cash flows. ISCA is seeking feedback on this ED Please send your comments to professionalstandards@isca.org.sg by 28 January 2022.
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FR Local News
ISCA Invites Comments on IASB's Exposure Draft Non-current Liabilities with Covenants Proposed amendments to IAS 1
25 Nov 2021
ISCA seeks comments on IASB's Exposure Draft Non-current Liabilities with Covenants Proposed amendments to IAS 1.
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FR Local News
ISCA issues Financial Reporting Bulletin 9 (FRB 9) on Accounting Implications Of The Interest Rate Benchmark Reform In Singapore
14 Oct 2021
FRB 9 has been issued on 14 October 2021 to address the accounting implications arising from the transition to Singapore Overnight Rate Average in Singapore. FRB 9 shares accounting considerations on specific matters to assist entities in their understanding of the accounting for financial instruments and hedge accounting which are affected by this transition.
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FR Local News
ISCA Comments on IASB’s RFI on Third Agenda Consultation
14 Oct 2021
ISCA has provided feedback on the Board’s workplan from 2022 to 2026 for the prioritization of the projects, with due considerations given to both Singapore and Asian markets. We recommend “Climate-related Risks” and “Pollutant Pricing Mechanisms” to be classified as high priority projects, given an increased focus on climate change and sustainability in Singapore and worldwide.
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FR Local News
ISCA Invites Comments on IASB’s Post-implementation Review IFRS 9 Financial Instruments Classification and Measurement
04 Oct 2021
ISCA Invites Comments on IASB’s Post-implementation Review IFRS 9 Financial Instruments Classification and Measurement
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