by admin | Jan 28, 2020 | Accounting, Tech News
On or about 28 January 2020, the International Accounting Standards Board (IASB) has requested views on its approach to update the IFRS for SMEs Standard, the simplified accounting standard for small and medium-sized entities. The consultation is the first step in the...
by admin | Jan 5, 2020 | Accounting, Tech News
On or about 4 December 2019, the Accounting Standards Council (ASC), Singapore, has issued amendments to the FRSs on financial instruments in respect of hedge accounting requirements. The amendments, Amendments to SFRS(I) and FRS Standards: Interest Rate Benchmark...
by admin | Jan 2, 2020 | Accounting, Income Tax, Tech News
On or about 2 January 2020, the Inland Revenue Authority of Singapore (IRAS) has updated information on taxation for construction companies and added a new section that sets out common scenarios of income and expense items, and the corresponding tax treatment to...
by admin | Dec 20, 2019 | Accounting, Tech News
On or about 17 December 2019, the International Accounting Standards Board (IASB) has issued Exposure Draft ED/2019/7 General Presentation and Disclosures for public comments by 30 June 2020. Limited changes to the statement of cash flows and the statement of...
by admin | Dec 19, 2019 | Accounting, Tech News
On or about 18 September 2019, the Singapore Accounting Standards Council (ASC) has submitted its comment letter to the International Accounting standard Board (IASB) on ED/2019/3 Reference to the Conceptual Framework (Proposed Amendments to IFRS 3). The ASC is...
by admin | Dec 18, 2019 | Accounting, Tech News
On or about 18 December 2019. the Accounting Standards Council (ASC) invites comments on Exposure Draft ED/2019/7 General Presentation and Disclosures by 20 April 2020. The compiled comments would then be summarised and forwarded to the IASB. On or about 17 December...
