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ASC reminds firms to prepare for new accounting standards

It says new Financial Reporting Standards will affect companies across different industries and also lists key changes
Thursday, December 29, 2016 - 05:50

The standards will affect companies to varying extents, says Mr Kwok, adding that firms should undertake an in-depth analysis to determine the full implications of the standards on their financial reporting.


SINGAPORE'S accounting standards-setting body has sent a reminder to companies (amid this period of feasting and merry-making) to prepare themselves for the new standards that will soon change the way they account for key items in their financial statements.


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