Singapore Financial Reporting Standards (International)
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Singapore Financial Reporting Standards (I)
Accounting standards are developed in the public interest in support of Singapore’s corporate governance and financial reporting framework. The accounting standard-setting process must be robust and credible to promote public confidence in the standards developed from the process.
The Accounting Standards Council (ASC) is responsible for the formulation and promulgation of accounting standards in Singapore. These accounting standards include the Singapore Financial Reporting Standards (International) (SFRS(I)s), the Financial Reporting Standards (FRS) and the Singapore Financial Reporting Standard for Small Entities (SFRS for Small Entities). In addition to prescribing accounting
standards for companies, the ASC also prescribes accounting standards for charities, co-operatives societies and societies. In addition, ISCA issues Recommended Accounting Practices (RAP) and publishes summaries of FRS, INT FRS and RAP.
The following are accounting standards and accounting guidance/materials:
Singapore Financial Reporting Standards (International) (SFRS(I))
Financial Reporting Standards (FRS)
Recommended Accounting Practices (RAP)
Summaries of FRS, INT FRS and RAP
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