Human Sustainability And Trust
TAKEAWAYS Deloitte’s 2024 edition of its annual Global Human Capital Trends report, Thriving Beyond Boundaries: Human Performance in a Boundaryless World, identifies seven trends that showcase how a combination of business and human outcomes plays a role in organisational success, which include human sustainability and trust. This year’s analysis reveals that organisations making meaningful progress […]
Optimistic Regional Economic Outlook
The Asia-Pacific region is marked by both resilient growth and disinflation but the region remains “inherently dynamic and will contribute over 60% of global growth this year”, according to Krishna Srinivasan, Director of Asia and Pacific Department, International Monetary Fund (IMF). Regional growth will slow to 4.5% in 2024, after the 5% registered in 2023. […]
The New IFRS 18
TAKEAWAYS In April 2024, the International Accounting Standards Board (IASB) published a new accounting standard – IFRS 18 Presentation and Disclosure in Financial Statements – which is effective for annual reporting periods beginning on or after 1 January 2027, but companies can apply it earlier. IFRS 18 is the culmination of IASB’s Primary Financial Statements […]
The New Norm: Global Minimum Benefits Standards
With talent attraction and retention an ongoing challenge, and the call for more attention on employees’ wellbeing, companies have been relooking their internal priorities and policies to cater to new and emerging needs. From generous benefits that span annual, maternity/paternity and childcare leave to workplace wellness facilities, fully-stocked pantries and relaxation areas or nap rooms; […]
ISCA Lunch Talk: Navigating The Chinese Market
The ISCA Lunch Talk on July 10 was led by executives from Yonyou Network Technology, a provider of cloud services, software, and financial solutions. Titled “Navigating the Chinese Market – Strategies, Challenges, and Success Stories”, the event at ISCA House attracted a capacity crowd of finance and accounting professionals. They were eager to know more […]
Tax Technology
TAKEAWAYS When it comes to investments in technology, one automatically thinks hefty price tags, not to mention the countless hours required from time-strapped professionals before a technology solution is up and running. This is a misconception. Technology plays a central role in transforming businesses in today’s highly digitalised world, and investing in technology is certainly […]
TECHNICAL HIGHLIGHTS
FINANCIAL REPORTING ISCA Issues FRB 9 (Revised June 2024) On Accounting Implications Of The Interest Rate Benchmark Reform In Singapore FRB 9 (Revised June 2024), issued on 27 June 2024, share accounting considerations to assist entities in their understanding of the accounting for financial instruments and hedge accounting which are affected by the replacement of […]
Singapore Named Top Startup Ecosystem Hub In Asia
Singapore climbed one spot to seventh, in the The Global Startup Ecosystem Report 2024 – the only startup ecosystem hub in Southeast Asia to make it into the global top 10 list, and ahead of the Asia ecosystem hubs of Beijing, Seoul, Tokyo and Shanghai. The report by StartupGenome, now in its 12th year, provides […]
Exposure Draft On ISA 240 (Revised)
TAKEAWAYS As one of the key gatekeepers of financial integrity, the auditor plays a pivotal role in the accuracy and reliability of financial statements. In an effort to clarify and enhance the role of auditors relating to fraud as a means of enhancing public trust in financial reporting, the International Auditing and Assurance Standards Board […]
The Driving Force Leading ISCAccountify
Meet some of the 100 minds shaping ISCA’s future. Each staff, with his/her unique skills and perspectives, contributes to the collective effort. This series shares insights into some of the day-to-day happenings at ISCA House. Read on and stay tuned for more. “Hi, I’m Kacie, the Associate Director at ISCA Academy, although my colleagues fondly […]