On 19/06/2013,
you requested for the version in force on 19/06/2013
incorporating all amendments published on or before 19/06/2013.
The closest version currently available is that of 26/10/2007.
PART I
PRELIMINARY
1. This Act may be cited as the Accounting Standards Act 2007 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.
2. In this Act, unless the context otherwise requires —
“accounting standard” means —
(a)
an accounting standard made or formulated by the Council under Part III; or
(b)
an accounting standard for statutory bodies established by the Accountant-General under Part IV;
“Chairman” means the Chairman of the Council appointed under section 4(1) (a), and includes any temporary Chairman of the Council if so appointed;
“company” means any company incorporated under the Companies Act (Cap. 50) or any corresponding previous written law, and includes a foreign company registered under Division 2 of Part XI of that Act in respect of its operations in Singapore;
“Council” means the Accounting Standards Council established under section 3;
“making or formulating”, in relation to any accounting standard, includes amending and revoking the accounting standard;
“member”, in relation to the Council, means a member of the Council and includes the Chairman thereof;
“Minister” means the Minister charged with the responsibility for finance;
“statutory body” means a body —
(a)
established or constituted by or under a public Act;
(b)
that has a public function; and
(c)
whose annual report and audited financial statements are required by written law to be presented to Parliament.