by admin | Dec 18, 2019 | Accounting, Tech News
On or about 17 December 2019, the International Accounting Standards Board (IASB) has proposed improvements to the way information is communicated in the financial statements, with a focus on financial performance. Responding to investor demand, the proposals would...
by admin | Dec 4, 2019 | Accounting, Tech News
On or about 4 December 2019, the Accounting Standards Council (ASC) has issued Amendments to SFRS(I) 9, SFRS(I) 1-39 and SFRS(I) 7: Interest Rate Benchmark Reform and Amendments to FRS 109, FRS 39 and FRS 107: Interest Rate Benchmark Reform, effective for annual...
by admin | Nov 28, 2019 | Accounting, Tech News
On or about 28 November 2019, the Accounting Standards Council (ASC) has submitted its comment on ED/2019/6 Disclosure of Accounting Policies (Proposed amendments to IAS 1 and IFRS Practice Statement 2) to IASB. ASC is in supportive of the IASB’s decisions to apply...
by admin | Nov 13, 2019 | Accounting, Income Tax, Tech News
On or about 13 November 2019, the Inland Revenue Authority of Singapore (IRAS) has updated the content on adopting financial reporting standard (FRS) 39 and 109 and its tax implications. Effective 1 January 2005, companies are required to comply with FRS 39 –...
by admin | Oct 14, 2019 | Accounting, Tech News
On or about 14 October 2019, the Accounting Standards Council (ASC) has submitted its comment to the SME Implementation Group (SMEIG) on Draft Q&A Section 35, Issue 1 on Application of the undue cost or effort exemption for investment property on transition to the...
by admin | Oct 2, 2019 | Accounting, Tech News
On or about 2 October 2019, the Accounting Standards Council (ASC)_ has submitted its comment on ED/2019/5 Amendments to IFRS 17 to the IASB. The ASC are generally supportive of the proposed amendments, subject to their comments as stated in the comment letter. The...
