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1 資 料 4 シンガポール 基 準 と IFRS とのフルコンバ ージェンス 完 了 の 延 期 に 関 する プレスリリース

2 シンガポール 基 準 と IFRS とのフルコンバージェンス 完 了 の 延 期 シンガポール 会 計 基 準 審 議 会 (ASC) 公 表 文 書 (3 月 2 日 )のポイント ASC は シンガポール 証 券 取 引 所 に 上 場 している 国 内 企 業 向 けの シンガポール 会 計 基 準 と 国 際 会 計 基 準 (IFRS)とのフルコンバージェ ンスについて 当 初 予 定 していた 2012 年 中 には 完 了 しないという 結 論 に 達 した ASC は 2009 年 5 月 に 戦 略 的 な 方 向 性 としてシンガポール 基 準 と IFRS のフルコンバージェンスを 2012 年 末 までに 行 うという 目 標 を 設 定 していたが フルコンバージェンスの 状 況 をレビューしたところ フ ルコンバージェンスの 達 成 前 に 解 決 すべきいくつかの 重 要 な 未 解 決 の 問 題 を 認 識 した ASC は 2012 年 1 月 に IFRS 財 団 評 議 員 会 及 び IASB に 対 してこれ ら 未 解 決 の 問 題 を 伝 えた これに 対 し IFRS 財 団 評 議 員 会 及 び IASB は ASC のフルコンバージェンスに 向 けた 作 業 を 支 援 すること を 約 束 した フルコンバージェンスを 実 施 するスケジュールは 国 際 的 な 基 準 開 発 と 並 行 して 調 整 され IASB が 現 在 実 施 しているいくつかの 主 要 な プロジェクトの 進 捗 状 況 により 左 右 される また 米 国 などの 主 要 な 資 本 市 場 において IFRS とのコンバージェンス 計 画 が 未 だ 達 成 の 過 程 にある

3 ASC は IFRS がシンガポールやアジア 地 域 における 経 済 実 態 を 反 映 するように 積 極 的 にコンバージェンス 作 業 を 行 い IASB 及 び 他 国 の 基 準 設 定 主 体 と 密 接 に 連 携 を 続 ける シンガポールはフルコンバージェンスにコミットしており 国 際 的 な 経 済 金 融 センターとして 国 際 的 な 基 準 の 開 発 において 引 き 続 き 中 心 的 な 役 割 を 果 たして 行 く ASC は IASB が 開 発 中 の 基 準 を 考 慮 に 入 れつつ フルコンバージェンスに 向 かい 進 んでいく 予 定 である な お ASC 議 長 は フルコンバージェンスの 結 果 シンガポールの 上 場 企 業 にとって 大 きなコストや 労 力 は 発 生 しないであろうとしている

4 ASC - Terms of Reference Page 1 of 2 Contact Info Feedback Sitemap Home About Us Publication Events Useful Links Accounting Standards Practice Statements News Home > News > The Accounting Standards Council Completes Its Review of The Plans for Full Convergence with The International Financial Reporting Standards for Singapore Listed Companies THE ACCOUNTING STANDARDS COUNCIL COMPLETES ITS REVIEW OF THE PLANS FOR FULL CONVERGENCE WITH THE INTERNATIONAL FINANCIAL REPORTING STANDARDS FOR SINGAPORE LISTED COMPANIES [Singapore, 2 March 2012] The Accounting Standards Council (ASC) has completed its review of the plans for full convergence of the Singapore Financial Reporting Standards (SFRSs) with the International Financial Reporting Standards (IFRSs) for Singapore incorporated companies listed on the Singapore Exchange (Singapore listed companies). It has concluded that full convergence will not be implemented in In 2009, the ASC had set, as its strategic direction, the aim of working towards full convergence of the SFRSs with the IFRSs for Singapore listed companies by In completing its review of the status of full convergence, the ASC has identified a few key outstanding issues that need to be resolved before full convergence can be implemented. 3The ASC had met with the IFRS Foundation Trustees and the International Accounting Standards Board (IASB) in January 2012, and shared these outstanding issues and the resultant impact on Singapore s full convergence timeline. In the joint communiqué issued after the meeting, the Trustees and the leadership of the IASB had expressed a commitment to support the work of the ASC towards full convergence. 4The timeline for full convergence will be adjusted in tandem with international developments, and will depend on the progress of several key projects undertaken by the IASB. These key IASB projects are still in progress and are not expected to take effect before 1 January The ASC had also noted during its review that major capital markets such as the US are still in the process of working out their IFRS convergence plans. The revised timeline will be announced at an appropriate juncture. 5Minister of State for Finance and Transport, Mrs Josephine Teo, also reiterated this during the Ministry of Finance s Committee of Supply Debate today. 6The ASC will continue to engage proactively and work closely with the IASB and other regional standard setters to ensure that the IFRSs continue to reflect the economic substance of underlying transactions in Singapore and the Asian region. The ASC will also continue to consult local stakeholders on the convergence implementation plans. 7"Singapore is committed to full convergence, and as an international business and financial centre, Singapore continues to have a key stake and role in the development of the global financial reporting standards. In completing our review of the status of full convergence implementation, the ASC concluded that Singapore remains on track for full convergence, taking into consideration the progress of the IASB s ongoing projects. The ASC is also of the view that full convergence is not expected to result in significant cost and effort for Singapore listed companies that are currently using the SFRSs." said Mr Michael Lim, Chairman of the ASC /03/05

5 ASC - Terms of Reference Page 2 of 2 For media queries, please contact: Ms. Jasmine Choe Associate (Corporate Communications), Ministry of Finance Tel: jasmine_choe@mof.gov.sg ~ END~ Issued by: The Accounting Standards Council Date: 2 March 2012 Background on the Accounting Standards Council The Accounting Standards Act was passed in Parliament on 27 Aug 2007 and came into effect on 1 Nov With the enactment of the Accounting Standards Act, the Accounting Standards Council was formed to formulate accounting standards applicable to companies and promulgate accounting standards for charities, co-operative societies and societies. Its mandate is to develop, review, amend and approve financial reporting standards for entities that are under its purview, taking into account: The information needs of the stakeholders of the entities; Facilitation of comparability, disclosure and transparency; Compatibility with relevant international standards; and Singapore s reputation as a trusted international business and financial hub. TOP Last reviewed on 02 March 2012 This site is best viewed using IE 6.0 with 800 x 600 screen resolution Privacy Policy Terms of Use 2007 Government of Singapore /03/05

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