CATEGORY: NEWS AND ANNOUNCEMENTS



ACRA administers the Financial Reporting Surveillance Programme which reviews selected financial statements of Singapore-incorporated companies for compliance with the prescribed accounting standards in Singapore.

To guide directors in approving the companies’ financial statements for FY2019, ACRA has issued Practice Guidance No. 2 of 2019 which highlights three financial reporting areas that may require closer attention by directors before they approve the financial statements. The three key areas include the new and recent accounting standards on leases, tax, revenue and financial instruments, as well as impairment assessments and business acquisitions.

The Practice Guidance is available for download here.




2020/01/22
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