Singapore: IFRS Convergence – Key differences to SFRS and Key Reporting Impact
On 8 June 2017, Citco Singapore Pte. Ltd. hosted a lunch seminar at its Gateway offices in Singapore, where a global CPA firm spoke about the IFRS convergence that will be effective in Singapore on January 1, 2018. The seminar focused on the key differences to Singapore FRS and gave overview of the IFRS 15: Revenue Recognition Standard, which will create a single source of revenue requirements. The seminar was attended by the finance team representatives of Wealth Managers and Multi-national enterprises.