eICPAS

Technical Resources

This section contains technical articles and information about the release of new or revised accounting and auditing standards/practice statements/guidelines as well as exposure drafts published for public comment here. You can also get updates on IASB and IFAC activities.

Tax Alerts Last Update - 02/07/2009

QUICKLINK UPDATE FOR HANDBOOK Last Update - 22/01/2009

STANDARDS / EDs issued from January 2009

STANDARDS / EDs issued from January 2008

STANDARDS / EDs issued from July 2007

STANDARDS / EDs issued from July 2006

STANDARDS / EDs issued from July 2005

STANDARDS / EDs issued from July 2004

24 June 2009: ED Fair Value Measurement and ED Amendments to INT FRS 114 Last Update - 24/06/2009

The Accounting Standards Council (�ASC�) has issued ED Fair Value Measurement and ED Amendments to INT FRS 114. The comment period for ED Fair Value Measurement ends on 4 August 2009 and ED Amendments to INT FRS 114 ends on 30 June 2009.

The EDs are accessible at the ASC website www.asc.gov.sg.

13 April 2009: IASB-FASB Discussion Paper – Preliminary Views On Leases Last Update - 15/04/2009

The Accounting Standards Council (ASC) is inviting comments on the IASB-FASB Discussion Paper (DP) on Preliminary Views on Leases.

The DP discusses a new approach to lease accounting which should be based on the principle that all leases give rise to liabilities for future rental payments and assets (the right to use the leased asset) that should be recognised in an entity�s statement of financial position. This approach is aimed at ensuring that leases are accounted for consistently across sectors and industries.

The comment period for the DP ends on 20 May 2009. The DP is also accessible at the Accounting Standards Council (ASC) website. (www.asc.gov.sg).

15 April 2009: INT FRS 118 And Amendments To FRS 107 Last Update - 16/04/2009

The Accounting Standards Council (ASC) has issued Interpretation of Financial Reporting Standards (INT FRS) 118 Transfers of Assets from Customers and amendments to FRS 107 Financial Instruments: Disclosures - Improving Disclosures about Financial Instruments.

This is accessible at the ASC website www.asc.gov.sg.

17 April 2009: (IGPG): Evaluating and Improving Governance in Organisation Last Update - 17/04/2009

The Institute has issued the following IFAC�s International Good Practice Guidance:

IGPG: Evaluating and Improving Governance in Organisations.