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Accounting Standards for Statutory Boards

SB-FRS (effective for annual reporting periods beginning after 1 Jan 2019)

Access the full collection of SB-FRS effective for annual reporting periods beginning after 1 January 2019, including new and revised standards issued by the Accountant-General up to 31 December 2019.

Last updated 13 August 2026

STATUTORY BOARD FINANCIAL REPORTING STANDARDS EFFECTIVE FOR ANNUAL REPORTING PERIODS BEGINNING AFTER 1 JANUARY 2019 (ISSUED UP TO 31 DECEMBER 2019)

The following are the new/revised/amendments to SB-FRSs issued by the Accountant-General (up to 31 December 2019) which are effective for annual reporting period beginning after 1 January 2019.

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SB-FRS (effective for annual reporting periods beginning after 1 January 2019, issued up to December 2019)

Titles

Effective Date (Annual periods beginning on or after)

Issuance Date

Issued in 2015

SB-FRS 110,
SB-FRS 28

Amendments to SB-FRS 110 and SB-FRS 28: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (opens in new tab)

To be determined1

18.03.2015

Issued in 2016

SB-FRS 110,
SB-FRS 28

Amendments to Effective Date of Amendments to SB-FRS 110 and SB-FRS 28 (opens in new tab)

To be determined

10.03.2016

Issued in 2019

SB-FRS Conceptual Framework

SB-FRS Conceptual Framework for Financial Reporting (opens in new tab)

-

2.8.2019

SB-FRS Conceptual Framework

Amendments to References to the Conceptual Framework in SB-FRS Standards (Amendments to SB-FRS Standards) (opens in new tab)

1.1.2020

28.11.2019

SB-FRS Conceptual Framework

Amendments to References to the Conceptual Framework in SB-FRS Standards (Amendments to illustrative examples and implementation guidance) (opens in new tab)

1.1.2020

28.11.2019

SB-FRS 24

Related Party Disclosures (opens in new tab)

1.1.2011

2.8.2019

SB-FRS 103

Amendments to SB-FRS 103: Definition of a Business (opens in new tab)

1.1.2020

2.8.2019

SB-FRS 1,
SB-FRS 8

Amendments to SB-FRS 1 and SB-FRS 8: Definition of Material (opens in new tab)

1.1.2020

2.8.2019

1i)The mandatory effective date of this Amendment had been revised to a date to be determined via Amendments to Effective Date of Amendments to SB-FRS 110 and SB-FRS 28.

ii)This should be read together with the Amendments to Effective Date of Amendments to SB-FRS 110 and SB-FRS 28 issued in 2016.

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