TECHNICAL HIGHLIGHTS
AUDITING AND ASSURANCE ISCA Issues Audit Bulletins (AB) 6 Key Revisions To Group Audits – SSA 600 (Revised) ISCA developed Audit Bulletin (AB) 6 to raise awareness of the key changes to SSA 600 (Revised) Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors) and provide guidance to address implementation […]
Malaysia’s Economic Growth Trumps Expectations For Two Straight Quarters
A surge in domestic demand, along with the continued recovery in exports, pushed Malaysia’s economic growth beyond economists’ forecasts for the second consecutive quarter in 2024. In a statement released by the Ministry of Finance on August 16, Malaysia’s gross domestic product (GDP) in the second quarter of 2024 (Q2 2024) expanded by 5.9% (Q1 […]
Sustainability Reporting: Ready Or Not, Here It Comes
As Singapore’s business landscape evolves, a key question arises: Are organisations ready for the growing demands of sustainability reporting? This shift towards climate-conscious operations is no longer just about compliance, it’s a strategic necessity with wide-reaching implications. At the ISCA Breakfast Talk helmed by Grant Thornton on September 18, Chetan Hans, Partner – Head of […]
Managing Money In A Not Quite Cashless World
TAKEAWAYS As society moves towards a cashless future, following a surge in digital payments during the pandemic, some might assume that cash mishandling would become a thing of the past. Yet, recent headlines tell a different story. In recent news, an ex-constituency director was jailed for misappropriating over S$12,000 in National Day dinner ticket sales; […]
Singapore Deepens Business Ties With India
Singapore and India’s business relations took another big step forward on September 5, with an exclusive closed-door Business Roundtable organised by the Singapore Business Federation (SBF). The high-level event, held at Shangri-La Hotel Singapore, was graced by the Prime Minister of India, Shri Narendra Modi, alongside prominent business leaders from Singapore. The roundtable provided a […]
Tax Governance And Risk Management
TAKEAWAYS Amid an increasingly complex tax landscape, tax authorities globally are focusing on tax governance and risk management to bring tax compliance upstream, foster trust and enable open communications with businesses on their tax affairs. Businesses can leverage on these initiatives to instil confidence among stakeholders and the general public that there are proper tax […]
Local Knowledge And Global Perspectives
TAKEAWAYS Having embarked on my professional journey with PwC China in 2004, my career has been a whirlwind of growth and dynamism. The first decade of my tenure was characterised by the restructuring of Chinese state-owned enterprises (SOEs), and facilitating their overseas initial public offerings (IPOs). Driven by the need of local SOEs to align […]
Green Views For Healthier Diets
TAKEAWAYS An image of a verdant forest glade or a tranquil pasture. Natural scenes typically conjure up positive emotions and a sense of wellbeing for most individuals, but could they also influence them to make healthier food choices? The answer, according to our article, just published in Nature’s new journal Communications Psychology, is “yes”. Our […]
ArtificiaI Intelligence In Excel
TAKEAWAYS Excel is the go-to tool for most accountants. Whether it is crunching numbers, performing analysis or organising data, accountants rely heavily on Excel to complement tasks done in accounting software. But, what if artificial intelligence or AI – often touted as a game-changer for the accounting sector – were integrated into Excel? Can it […]
CA Lab Wins 2024 APEX Award For Publication Excellence
The Institute’s “CA Lab – a content hub for professional accountants in a dynamic business environment” has won the Publication Excellence Award at the 2024 APEX Awards. The CA Lab microsite achieved recognition for its overall quality in the “Websites (entire site, including content and design)” category. ISCA and the editorial team would like to […]