ISCA Breakfast Talk On Arm’s Length Price Considerations
The ISCA Breakfast Talk on May 8 recorded an attendance of over 100 participants. Held at ISCA House, the session, titled “Manufacturer, Distributor Or Service Provider – A Practical Perspective For Arm’s Length Price Considerations For All”, provided attendees with a better understanding of the concept of transfer pricing (TP) and the different practical business […]
Technical Highlights
AUDITING AND ASSURANCE IAASB Announces New Strategy And Work Plan To Advance Global Audit And Assurance Standards The International Auditing and Assurance Standards Board (IAASB) published its approved strategy and work plan aimed at enhancing consistency and quality of audit and assurance standards worldwide. Elevating Trust in Audit and Assurance: IAASB’s Strategy and Work Plan […]
In Praise Of Boredom
TAKEAWAYS People who possess everything – the ultra-wealthy “kings” among us – are often the most prone to boredom. In an attempt to break free from their ennui, they indulge in luxurious homes, yachts, planes, extensive art collections and sprawling vineyards. But the allure of each of these distractions seems to be fleeting. Despite their […]
Major Shift In Global IPO Market Share From The Past Five Years
The year kicked off on a cautiously optimistic note, marked by a selective thaw following a quieter period. The Americas and EMEIA IPO markets had a bright start in 2024, increasing global proceeds. The Asia-Pacific region, however, started on a weak note, weighing down the overall global volume. For the first quarter of 2024, the […]
Fighting AI With AI
TAKEAWAYS Artificial intelligence (“AI”), as a general-purpose technology, offers a wide range of opportunities across various fields. According to the IBM Global AI Adoption Index 2023, 42% of organisations surveyed have AI actively in use in their businesses and an additional 40% are currently exploring or experimenting with AI but have not deployed their models. […]
Right-Sizing Cybersecurity Solutions
TAKEAWAYS Charities and non-profit organisations (collectively “NPOs”) can differ in size but most are usually stretched for adequate resources to maintain their operations. While most would have embraced technology and various online platforms to further their cause and to canvass for more funds, defending against cybersecurity risks might usually have taken a back seat to […]
Singapore Tax Cases 2023 (Part 1)
TAKEAWAYS From income tax to goods and services tax (“GST”), 2023 marked a year of intriguing judgements that reshaped the contours of Singapore’s taxation jurisprudence. In the first part of the popular Singapore Tax Cases seminar organised annually by the Singapore Chartered Tax Professionals, Accredited Tax Advisor (Income Tax) & Accredited Tax Practitioner (GST) Allen […]
Evolution And Current State Of Global Crypto Adoption
Every four years, the crypto world gets all hyped up for Bitcoin halving. Past halvings, like the one in May 2020, had seen a massive increase in BTC transactions, which was driven by growing adoption and community involvement. And, the economic implications benefited the crypto landscape across the board and not just Bitcoin. Historically, with […]
Is Working Overseas As Good As They Say?
TAKEAWAYS According to the National Population and Talent Division’s 2023 Population in Brief, 205,200 Singaporeans reside overseas, where a majority are pursing overseas employment. The Straits Times also reported that a recent survey found that 93% of Singapore respondents prefer to work in firms with overseas operations rather than those with only a domestic focus […]
Bigger Push For Flexible Work Arrangements In Singapore
The Tripartite Statement on Flexible Work Arrangements, released by the Ministry of Manpower (MOM) in April, encourages companies to sustain and promote flexible work arrangements (FWAs). It comes with practical implementation tips that range from the whys to the hows and more, including advice on where to get more support. FWAs have strengthened the resilience […]