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Issued by ISCA -> RAPs
| RAP | Description | |
| RAP 6 (Revised Jun 2006) | Accounting and Reporting by Charities (Withdrawn on 6 June 2016) | Download |
| RAP 71 (Revised Jun 2012) | Reporting Framework for Unit Trusts | Download |
| RAP 72 (Revised Jun 2016) | Reporting Framework for Unit Trusts | Download |
| RAP 73 (Revised Mar 2017) | Reporting Framework for Unit Trusts | Download |
| RAP 74 (Revised Dec 2019) | Reporting Framework for Investment Funds | Download |
| RAP 75 (Revised July 2020) | Reporting Framework for Investment Funds | Download |
| RAP 86 | Foreign Income Not Remitted to Singapore (Withdrawn for annual reporting periods beginning on or after 1 January 2018) | Download |
| RAP 10 | FRS 103, Business Combinations – Clarification of Transitional Provisions (Withdrawn for annual reporting periods beginning on or after 1 January 2018) | Download |
| RAP 12 | Merger Accounting for Common Control Combinations for Financial Statements Prepared Under Part IX of the Fifth Schedule to the Securities and Futures (Offers of Investments) (Shares and Debentures) Regulations 2005 | Download |
Notes:
1. RAP 7 (Revised June 2012)
RAP 7 (Revised Jun 2012) is applicable to unit trusts with annual periods ending before 30 June 2017.
Please click here for a list of Frequently Asked Questions on RAP 7 (Revised Jun 2012)
2. RAP 7 (Revised June 2016)
RAP 7 (Revised Jun 2016) is applicable to unit trusts with annual periods ending on or after 30 June 2017.
3. RAP 7 (Revised March 2017)
RAP 7 (Revised March 2017) is applicable to unit trusts with annual periods ending on or after 30 June 2017.
Please note that RAP 7 (Revised March 2017) has been updated from RAP 7 (Revised June 2016) for the following:
- Amendments to the "Statement by the Manager" to be consistent with the Illustrative Auditor's Report; and
- Inclusion of the Illustrative Auditor's Report, which is applicable to unit trusts with financial periods ending on or after 15 December 2016
4. RAP 7 (Revised December 2019)
RAP 7 (Revised December 2019) is applicable to investment funds with annual periods beginning on or after 1 July 2020.
Please note that RAP 7 (Revised December 2019) has been revised from RAP 7 (Revised March 2017) for the following:
- Amending the title of the RAP to cover variable capital companies (VCCs); and
- The recommendations on the way in which financial statements of VCCs should be prepared.
5. RAP 7 (Revised July 2020)
RAP 7 (Revised July 2020) is applicable to investment funds with annual periods beginning on or after 1 July 2020.
Please note that RAP 7 (Revised July 2020) has been updated from RAP 7 (Revised December 2019) for the following:
- Inclusion of two illustrative auditor’s reports in Appendix 1 for unit trusts and variable capital companies; and
- Amendments of terms and assumptions used in the illustrative auditor’s reports in Appendix 1 to align with the Singapore Standards on Auditing and Variable Capital Companies Act 2018.
6. RAP 8
RAP 8 is withdrawn for annual periods beginning on or after 1 January 2018.
With the withdrawal of RAP 8, entities are required to exercise their judgement in the accounting for the deferred tax liability in respect of foreign-sourced income not remitted to Singapore in accordance with the requirements in FRS 12 Income Taxes and other relevant standards.