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IASB amends IFRS Standards in response to the IBOR reform

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

On or about 26 September 2019, the International Accounting Standards Board (IASB) has amended some of its requirements for hedge accounting. The amendments are designed to support the provision of useful financial information by companies during the period of...

e-Tax Guide GST: Concession for REITs and Qualifying Registered Business Trusts Listed in Singapore revised

by admin | Sep 23, 2019 | Accounting, Goods and Services Tax, Tech News

On or about 23 September 2019, the Inland Revenue Authority of Singapore (IRAS) has released the fifth edition of the e-Tax Guide GST: Concession for REITs and Qualifying Registered Business Trusts Listed in Singapore. The revised e-Tax Guide incorporates editorial...

ASC submits comments to IASB on proposed amendments to IFRS 3

by admin | Sep 18, 2019 | Accounting, Tech News

On or about 18 September 2019, the Singapore Accounting Standards Council (ASC) has submitted its comment to the International Accounting standard Board (IASB) on ED/2019/3 Reference to the Conceptual Framework (Proposed Amendments to IFRS 3). According to the comment...

ASC submits comments to IASB on ED/2019/2 Annual Improvements to IFRS Standards 2018–2020

by admin | Aug 20, 2019 | Accounting, Tech News

On or about 20 August 2019, the Accounting Standards Council (ASC) has submitted its comment on ED/2019/2 Annual Improvements to IFRS Standards 2018–2020 to the IASB. The ASC are generally supportive of the proposals set out in the ED, subject to their comments on...

Advisory on Scam & Fraudulent Activities (Aug)

by admin | Aug 8, 2019 | Accounting, Goods and Services Tax, Income Tax, Tech News

On or about 8 August 2019, the Inland Revenue Authority of Singapore (IRAS) has updated its content on advisory scams. Scam Email – ‘Inland Revenue Authority of Singapore-Refund-Online-Confirmation’ Members of the public are advised to ignore an...

ASC invites comments on Exposure Draft ED/2019/6 Amendments to IAS 1 and IFRS Practice Statement 2

by admin | Aug 2, 2019 | Accounting, Tech News

On or about 2 August 2019, the Accounting Standards Council (ASC) invites comments on Exposure Draft ED/2019/6 Disclosure of Accounting Policies (Proposed amendments to IAS 1 and IFRS Practice Statement 2) by 18 October 2019. The compiled comments would then be...
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