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.