Singapore Financial Reporting Standards (International)
Effective for annual reporting period beginning on 1 January 2023
Singapore Financial Reporting Standards (International) (SFRS(I)s) refer to Singapore Financial Reporting Standards (International) and SFRS(I) Interpretations issued by the ASC^.
SFRS(I)s comprise Standards and Interpretations that are equivalent to International Financial Reporting Standards (IFRS Standards) issued by the International Accounting Standards Board (IASB). Table of SFRS(I)s and IFRS Standards can be accessed here (PDF, 109KB).
The ASC’s policy intent is that an entity complying with SFRS(I)s can elect to simultaneously include an explicit and unreserved statement of compliance with IFRS Standards in its first SFRS(I) financial statements, and thereafter, in its subsequent SFRS(I) financial statements.
SFRS(I)s are published for your own personal non-commercial use only, subject to the Terms & Conditions of Use of this Web Site. As SFRS(I)s are based on IFRS Standards and the copyright to IFRS Standards is owned by the IFRS Foundation, permission to use SFRS(I)s for any other purpose is required from ACRA and the IFRS Foundation with regard to SFRS(I)s and IFRS Standards, respectively.
This collection of SFRS(I)s includes official pronouncements issued up to 31 December 2022 and are required to be applied for annual reporting period beginning on 1 January 2023. The collection does not include new/revised/amendments to SFRS(I)s which are effective for annual reporting periods beginning after 1 January 2023.
Please click here
(ZIP, 24897KB) to download all the SFRS(I)s and SFRS(I) Interpretations in the 2023 volume.
The following amendment to SFRS(I)s issued in May 2023 includes changes to the requirements in SFRS(I)s that are effective either immediately with retrospective application or for annual reporting periods beginning on 1 January 2023. Entities are required to apply those changes when applying the requirements in the above collection of SFRS(I)s.
Other supporting documents
Basis for Conclusions on IFRS Standards
The Conceptual Framework and SFRS(I)s should be read in the context of the Basis for Conclusions on IFRS Conceptual Framework and IFRS Standards issued by the IASB. The Basis for Conclusions is not part of IFRS Conceptual Framework and IFRS Standards. It summarises the IASB's considerations in developing IFRS Conceptual Framework and IFRS Standards. The use of the Basis for Conclusions is subject to the IFRS Foundation's Terms and Conditions (PDF, 171KB) as if it is published on the IFRS Foundation's website.
The IFRS Interpretations Committee works with the IASB in supporting the consistent application of IFRS Standards, such as by responding to questions submitted regarding IFRS Standards. If the IFRS Interpretations Committee decides not to add a standard-setting project to address a question submitted, it publishes an agenda decision to explain its decision. Agenda decisions often include explanatory material, which explains how the applicable principles and requirements in IFRS Standards apply to the question submitted. Explanatory material derives its authority from IFRS Standards themselves. Accordingly, an entity is required to apply the applicable IFRS Standard(s), reflecting the explanatory material in an agenda decision (subject to it having sufficient time to implement that accounting). Agenda decisions can be accessed on the IFRS Foundation's website.
Archived documents can be accessed here.