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 (Changes effective for annual reporting periods beginning after 1 Jan 2026)

Contains the new/revised/amendments to SB-FRSs issued by the Accountant-General (up to 31 Dec 2026), which are effective for annual reporting periods beginning after 1 Jan 2026.

Last updated 14 August 2026

STATUTORY BOARD FINANCIAL REPORTING STANDARDS EFFECTIVE FOR ANNUAL REPORTING PERIODS BEGINNING AFTER 1 JANUARY 2026 (ISSUED UP TO 31 DECEMBER 2026)

The following are the new/revised/amendments to SB-FRSs issued by the Accountant-General (up to 31 December 2026) which are effective for annual reporting period beginning after 1 January 2026.

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 2026, issued up to December 2026)

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 2024

SB-FRS 118

Presentation and Disclosure in Financial Statements (opens in new tab) Illustrative Examples (opens in new tab)

1.1.2027

9.12.2024

SB-FRS 119

Subsidiaries without Public Accountability: Disclosures

-2

9.12.2024

Issued in 2025

SB-FRS 119

Subsidiaries and Small Entities without Public Accountability: Disclosures (opens in new tab)

1.1.20272

2.12.2025

Issued in 2026

SB-FRS 119

Amendments to Subsidiaries and Small Entities without Public Accountability: Disclosures (opens in new tab)

1.1.2027

12.03.2026

SB-FRS 117

Insurance Contracts (opens in new tab) Illustrative Examples (opens in new tab)

1.1.2028

1.7.2026

SB-FRS 21

Amendments to SB-FRS 21: Translation to a Hyperinflationary Presentation Currency (opens in new tab)

1.1.2027

30.07.2026

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 Accountant-General issued the amended SB-FRS 119 Subsidiaries and Small Entities without Public Accountability: Disclosures in December 2025 to make it available as an option to eligible small entities.

Archives 

Click here to access the archived documents.