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Accounting Standards for Statutory Boards
Issuance of New/Amended Standards

Issuance of Amendments to SB-FRS 12, SB-FRS 116, SB-FRS 1, SB-FRS 7 and SB-FRS 107

2 August 2023

Read about the Issuance of Amendments.

The following amendments to SB-FRSs are issued with effective dates as stated in the standards:

  • Amendments to SB-FRS 12: International Tax Reform—Pillar Two Model Rules

  • Amendments to SB-FRS 116: Lease Liability in a Sale and Leaseback

  • Amendments to SB-FRS 1: Non-current Liabilities with Covenants

  • Amendments to SB-FRS 7 and SB-FRS 107: Supplier Finance Arrangements