Advisory Notes

The Accountant-General’s Department (AGD) issues Accounting Advisory Notes to aid Statutory Boards in deciding how to apply existing accounting principles in SB-FRSs. Unlike SB-FRS Guidance Notes that are issued by the Accountant-General for the standardisation of certain accounting and disclosure treatment, these Advisory Notes are non-binding and do not constitute pronouncements from the Accountant-General or AGD. Statutory Boards are advised to discuss and agree with their auditors on the accounting treatment where appropriate. AGD makes no representations or warranties of any kind, express or implied, in relation to the Advisory Notes and disclaims all liabilities for any claims, loss or damage or any kind, howsoever arising, in connection with the Advisory Notes, including any use of or reliance on them.