Since 2007 Accounting Standards Council (ASC)
The CCDG was replaced by the Accounting Standards Council (ASC) as of 1 November 2007. The ASC was established by the Accounting Standards Act, passed in Parliament on 27 August 2007. In addition to prescribing accounting standards for companies, the ASC will also prescribe accounting standards for charities, co-operative societies, and societies. The Singapore Government believes that 'creation of the ASC is a positive step towards ensuring consistency in accounting standards, facilitating comparison of financial statements between different entities and enhancing the credibility and transparency of financial reporting'.
The ASC is responsible only for the formulation and promulgation of accounting standards. The monitoring and enforcement of compliance with accounting standards remains the prerogative of the respective regulators, the Accounting and Corporate Regulatory Authority (ACRA) for companies, Commissioner of Charities for charities, Registrar of Co-operative societies for co-operative societies, and Registrar of Societies for societies.
Since 2007 Accounting Standards Council (ASC)The CCDG was replaced by the Accounting Standards Council (ASC) as of 1 November 2007. The ASC was established by the Accounting Standards Act, passed in Parliament on 27 August 2007. In addition to prescribing accounting standards for companies, the ASC will also prescribe accounting standards for charities, co-operative societies, and societies. The Singapore Government believes that 'creation of the ASC is a positive step towards ensuring consistency in accounting standards, facilitating comparison of financial statements between different entities and enhancing the credibility and transparency of financial reporting'.The ASC is responsible only for the formulation and promulgation of accounting standards. The monitoring and enforcement of compliance with accounting standards remains the prerogative of the respective regulators, the Accounting and Corporate Regulatory Authority (ACRA) for companies, Commissioner of Charities for charities, Registrar of Co-operative societies for co-operative societies, and Registrar of Societies for societies.
การแปล กรุณารอสักครู่..
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Since 2007 Accounting Standards Council (ASC)
The CCDG was replaced by the Accounting Standards Council (ASC) as of 1 November 2007. The ASC was established by the Accounting Standards Act, passed in Parliament on 27 August 2007. In addition to prescribing accounting standards for companies, the ASC will also prescribe accounting standards for charities, co-operative societies, and societies. The Singapore Government believes that 'creation of the ASC is a positive step towards ensuring consistency in accounting standards, facilitating comparison of financial statements between different entities and enhancing the credibility and transparency of financial reporting'.
The ASC is responsible only for the formulation and promulgation of accounting standards. The monitoring and enforcement of compliance with accounting standards remains the prerogative of the respective regulators, the Accounting and Corporate Regulatory Authority (ACRA) for companies, Commissioner of Charities for charities, Registrar of Co-operative societies for co-operative societies, and Registrar of Societies for societies.
การแปล กรุณารอสักครู่..
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