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The Disclosure
and Accounting Standards Committee
was established to: |
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Review
the process by which accounting standards
are set, maintained and regulated in
Singapore, compared with overseas jurisdictions,
taking into account the role and function
of the Institute of Certified Public
Accountants of Singapore ("ICPAS");
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Review
the Singapore Statements of Accounting
Standards ("SASs") with a
view to aligning them with the International
Accounting Standards ("IASs"),
or higher, as a matter of policy except
where there are special reasons to deviate;
and |
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Review
the approach, development and promotion
of best practices in disclosure requirements
amongst publicly listed companies in
Singapore. |
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The Committee presented its Final
Report
to the Government in September 2001.
The Government announced its acceptance
on 18 October 2001 at the 12th
ASEAN Federation of Accountants Conference
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