You are here

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

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.


Market voices on: