SINGAPORE - Ms Euleen Goh, chairman of the Accounting Standards Council (ASC), has been re-appointed for a second term in the council, the Ministry of Finance (MOF) said on Sunday.

Ms Goh will continue to steer the council - responsible for developing and promulgating high quality financial reporting standards in the Republic - from November 1 2009 to October 31, 2011, MOF said in a news release.

MOF has also appointed to the new Council 14 other members, representing the various stakeholder groups such as the accounting profession, users and preparers of financial information, academia and government.

The inaugural Council formed two years ago has achieved various milestones, including the strengthening of Singapore's participation and profile in the international standards-setting arena.

Ms Goh is the chairman of the Singapore International Foundation.