Summary
ACRA's Financial Reporting Practice Guidance No. 1 of 2026 flags impairment, expected credit losses, fair value, revenue recognition, provisions and going concern as focus areas for FY2026 accounts. It gives Audit Committees questions to ask management and disclosures to consider amid geopolitical, economic and climate uncertainty.
What it means for you
Directors and audit committees of Singapore companies, including Indian-owned subsidiaries, should use these six areas when approving FY2026 accounts.
This summary is general information, not legal advice. The outcome of any case depends on its facts; read the source and take advice before acting.
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