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Enhanced Statement of Auditing Practice (SAP) 2, Auditors and Public Offering Documents

by admin | Jun 28, 2019 | Auditing, Tech News

On or about 28 June 2019, the Institute of Singapore Chartered Accountants (ISCA) has published the enhanced Revised Statement of Auditing Practice (SAP) 2 to help reduce the divergence in practice among reporting auditors when issuing private reports on profit...

ASC invites comment of Exposure Draft ED/2019/4 Amendments to IFRS 17

by admin | Jun 27, 2019 | Accounting, Tech News

On or about 27 June 2019, the Accounting Standards Council (ASC) invites comments on Exposure Draft ED/2019/4 Amendments to IFRS 17 by 16 August 2019. Comments are to be submitted by 16 August 2019. The compiled comments would then be summarised and forwarded to the...

IASB consults on amendments to aid implementation of IFRS 17

by admin | Jun 26, 2019 | Accounting, Tech News

On or about 26 June 2019, the International Accounting Standards Board (IASB) seeks public consultation on proposed amendments to the insurance contracts Standard, IFRS 17. The aim of these amendments is to continue supporting implementation by reducing the costs of...

Discussion Paper, Audits of Less Complex Entities: Exploring Possible Options to Address the Challenges in Applying the ISAs

by admin | Jun 25, 2019 | Auditing, Tech News

On or about 29 April 2019, the International Auditing and Assurance Standards Board (IAASB) has released a discussion paper, Audits of Less Complex Entities: Exploring Possible Options to Address the Challenges in Applying the ISAs. This discussion paper recognizes...

IASB Webcast: Borrowing costs and revenue recognition

by admin | Jun 24, 2019 | Accounting, Tech News

On or about 24 June 2019. the IFRS Interpretations Committee (Committee) has published a webcast discussing a March 2019 agenda decision on “over time transfer of a constructed good”. The agenda decision responds to a question received about the application of IAS 23...
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Recent Posts

  • Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12
  • Pension Benefits that Depend on Asset Return
  • The ASC submitted comments on Non-current Liabilities with Convenants and Supplier Finance Arrangement
  • Lessor Forgiveness of Lease Payments (IFRS 9 and IFRS 16)
  • Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17)

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