On or about 1 August 2019, the Singapore Accounting Standards Council (ASC) has submitted its comment to the International Financial Reporting Standards (IFRS) Due Process Oversight Committee on Exposure Draft on Proposed amendments to the IFRS Foundation Due Process Handbook.
The ASC has raised concerns regarding the following implications that might arise from the proposed amendments:
- different due processes for materials accompanying or supporting IFRS Standards
- criteria for adding projects to the Committee’s standard-setting agenda, and
- IASB agenda decisions.
For more information, please visit the ASC website.
Source: ASC website, 1 August 2019