Skip to main content
A Singapore Government Agency Website How to identify
Official website links end with .gov.sg
Secure websites use HTTPS
Look for a lock () or https:// as an added precaution. Share sensitive information only on official, secure websites.
Government officials will never ask you to transfer money or disclose bank log-in details over a phone call.

Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam. For more information on how to protect yourself against scams, please visit www.scamshield.gov.sg (opens in new tab)

Accounting Standards for Statutory Boards

SB-FRS (effective for annual reporting periods beginning after 1 Jan 2021)

Access the full collection of SB-FRS effective for annual reporting periods beginning after 1 January 2021, including new and revised standards issued by the Accountant-General up to 31 December 2021.

Last updated 13 August 2026

STATUTORY BOARD FINANCIAL REPORTING STANDARDS EFFECTIVE FOR ANNUAL REPORTING PERIODS BEGINNING AFTER 1 JANUARY 2021 (ISSUED UP TO 31 DECEMBER 2021)

The following are the new/revised/amendments to SB-FRSs issued by the Accountant-General (up to 31 December 2021) which are effective for annual reporting period beginning after 1 January 2021.

If you do not already have Adobe Reader, please download the software for free here: [pdf] (opens in new tab)

SB-FRS (effective for annual reporting periods beginning after 1 January 2021, issued up to December 2021)

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 2020

SB-FRS 1

Amendments to SB-FRS 1 (opens in new tab)

1.1.20232

13.11.2020

SB-FRS 1

Amendments to SB-FRS 1 (Deferral of Effective Date) (opens in new tab)

-

13.11.2020

SB-FRS 103

Amendments to SB-FRS 103 (opens in new tab)

1.1.2022

13.11.2020

SB-FRS 16

Amendments to SB-FRS 16 (opens in new tab)

1.1.2022

13.11.2020

SB-FRS 37

Amendments to SB-FRS 37 (opens in new tab)

1.1.2022

13.11.2020

Various

Annual Improvements to SB-FRSs (2018-2020) (opens in new tab)

1.1.2022

13.11.2020

Issued in 2021

SB-FRS 116

Amendment to SB-FRS 116 (opens in new tab)

1.4.2021

1.4.2021

SB-FRS 8

Amendments to SB-FRS 8 (opens in new tab)

1.1.2023

13.8.2021

Various

Amendments to SB-FRS 1 and SB-FRS Practice Statement 2 (opens in new tab)

1.1.2023

7.9.2021

SB-FRS 12

Amendments to SB-FRS 12 (opens in new tab)

1.1.2023

29.11.2021

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.

2The mandatory effective date of this Amendment had been revised from 1 Jan 2022 to 1 Jan 2023 via Amendments to SB-FRS 1: Classification of Liabilities as Current or Non-current - Deferral of Effective Date.

Archives

Click here to access the archived documents.