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AOSSG is a grouping of the accounting standard-setters in the Asian-Oceanian region to promote and coordinate the adoption of, and convergence with, IFRSs by jurisdictions in the region.
The broad policy intention of FRS is to adopt IFRS with consideration of local economic and business circumstances and context, as well as the entity to which the IFRS would apply to.
Singapore-incorporated companies listed on SGX will adopt a financial reporting framework identical to IFRS Standards for annual periods by 2018. It is voluntarily for non-listed Singapore-incorporated companies.
IRAS is the main tax administrator to the Singapore Government and represents the Government in tax treaty negotiations, drafts tax legislations and provides advice on property valuation to the Government.
MAS is the integrated regulator and supervisor of financial institutions in Singapore. It establishes rules for financial institutions which are implemented through legislation, regulations, directions and notices. Guidelines have also been formulated to encourage best practices among financial institutions.
Provides educational and training resource on International Financial Reporting Standards (IFRS) with modules like First-time Adoption of IFRS, Share-based Payment IFRS, Business Combinations, etc. Registration is free.
IAS Plus features an extensive collection of news and resources about International Financial Reporting Standards (IFRS), the International Accounting Standards Board (IASB), and international accounting and auditing developments.
The Client Assessment Tool is designed to help guide you through the process of developing a thorough understanding of your client's or prospective client’s business environment and finance and accounting processes, to uncover any potential areas for improvements, and discern how you would utilize your ERP environment for the client’s or prospect’s specific needs.
