Objective of Advisory Committee

Objective of Advisory Committee

The objective of the Advisory Committee is to advise the Accountant-General in prescribing high quality accounting standards for use by Statutory Boards in Singapore in the preparation of their financial statements, taking into account:

1. The unique characteristics of Statutory Boards, which are constituted under Acts of Parliament and are therefore statutorily accountable to Parliament;
2. Facilitation of comparability, disclosure and transparency; and
3. Comparability with relevant international standards