Public Consultation for Financial Reporting Guidances (FRGs)
Financial Reporting Guidances (FRGs) are issued to share technical views and insights on issues, and/or best practices in an area/industry. Unlike the accounting standards, FRGs are not mandatory on ISCA members but are consistent with the purpose of accounting standards. They reduce diversity and ensure better and more consistent financial reporting. Therefore, they are expected to be followed and ISCA members should be prepared to explain departures if called upon to do so.
FRGs have been approved for issue by ISCA Financial Reporting Committee.
All responses should be sent to firstname.lastname@example.org by the respective due dates as indicated below.
Comments Due By
ED FRG 1
Real Property Valuation for Financial Reporting – Best practices when engaging valuers: Considerations for Scope of Work (“SOW”) and Valuation Report (“VR”)
8 October 2019
5 November 2019
ED FRG 2
26 November 2019
23 December 2019
ED FRG 3
Preparation of Interim Financial Statements under SFRS(I) 1-34 Interim Financial Reporting (in compliance with the SGX Listing Rule 705(3A))
26 February 2021
25 March 2021
|ED FRG 4||Accounting Considerations for a Special Purpose Acquisition Company (SPAC) under SGX SPAC Listing Framework||12 September 2022||7 October 2022|