{"id":893,"date":"2019-02-23T21:13:38","date_gmt":"2019-02-23T13:13:38","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=893"},"modified":"2019-04-06T21:16:20","modified_gmt":"2019-04-06T13:16:20","slug":"acra-published-financial-reporting-practice-guidance-on-reviewing-2018-financial-statements","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2019\/02\/23\/acra-published-financial-reporting-practice-guidance-on-reviewing-2018-financial-statements\/","title":{"rendered":"ACRA published Financial Reporting Practice Guidance on reviewing 2018 financial statements"},"content":{"rendered":"\n<p>Under the Financial Reporting Surveillance Programme (FRSP), the Accounting and Corporate Regulatory Authority (ACRA) of Singapore reviews selected financial statements for compliance with the accounting standards. On or about 1 February 2019, it has issued Financial Reporting Practice Guidance No. 1 of 2019.<\/p>\n\n\n\n<p>The Guidance discusses the need for directors to review the\nimpact of the following new standards on their company\u2019s financial statements:<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp; \u2022 SFRS(I) 15\/FRS\n115 Revenue from Contracts with Customers<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp; \u2022 SFRS(I) 9\/FRS\n109 Financial Instruments, and<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp; \u2022 SFRS(I) 16 \/ FRS\n116 Leases.<\/p>\n\n\n\n<p>The guidance also provides examples of accounting treatments\nas well as sample questions that directors should ask management that would\narise from reviews of financial statements.<\/p>\n\n\n\n<p>The Guidance can be downloaded from the ACRA website.<\/p>\n\n\n\n<p>Source: ACRA, 21 February 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under the Financial Reporting Surveillance Programme (FRSP), the Accounting and Corporate Regulatory Authority (ACRA) of Singapore reviews selected financial statements for compliance with the accounting standards. On or about 1 February 2019, it has issued Financial Reporting Practice Guidance No. 1 of 2019. The Guidance discusses the need for directors to review the impact of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,13,6],"tags":[],"class_list":["post-893","post","type-post","status-publish","format-standard","hentry","category-accounting","category-auditing","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=893"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/893\/revisions"}],"predecessor-version":[{"id":894,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/893\/revisions\/894"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=893"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}