Taxpayers’ Rights
TAKEAWAYS While taxpayers are required to comply with their obligations in accordance with the prevailing tax legislation, not all are well versed with the rights afforded to them by the Singapore statutory framework. By understanding their legal rights, taxpayers will be in a better position to safeguard their interests and organise their tax affairs. At […]
A Career In Assurance And Governance: An International Perspective
TAKEAWAYS ISCA member Rajesh Punjabi, or Raj as he prefers to be called, is the Group Audit Director with Dairy Farm International (DFI), a Jardine Matheson business, where he leads business and digital assurance for all DFI’s businesses, covering a retail landscape of 10,000 retail outlets and digital platforms. As the business partner to the […]
The Power Of Brand Storytelling
TAKEAWAYS In a recent nine-hour livestream, Taiwanese songstress Annie Yi generated nearly RMB6.8 million (approximately US$945,000) in expensive skincare products from over one million viewers. She adopted a unique approach known as “quiet selling” – a slower-paced, storytelling-oriented style of live streaming. Instead of peddling products, she shared intimate stories of her turbulent childhood along […]
ISCA Pre-Budget 2024 Roundtable
On 11 January 2024, the Institute convened its 15th ISCA Pre-Budget Roundtable at ISCA House. The ISCA signature event, co-chaired by Liang Eng Hwa, Chairperson, Government Parliamentary Committee (Finance, Trade and Industry), and Don Wee, Council Member of ISCA, brought together 14 representatives from trade associations and chambers, professional bodies and businesses to discuss Singapore’s […]
Technical Highlights
AUDITING AND ASSURANCE ISCA Issues Updated Audit Bulletin (AB) 3 Implementation Of Quality Management Standards This audit bulletin contains frequently asked questions to assist firms in the implementation of the quality management standards. AB 3 has been updated to incorporate FAQ 5.2.1 to clarify on the requirements over when engagement quality reviews are mandatory. ISCA […]
Updates From The CEO
TAKEAWAYS Time flies. This is my 10th year with ISCA. Each year has brought different challenges and tonnes of learning opportunities. Many of us in ISCA started our careers with accounting firms. At ISCA, we have continued to apply our sector domain knowledge while acquiring new skills. Personally, what I learnt in the last nine […]
The Changing Landscape Of Payment Methods
TAKEAWAYS There has been rapid growth in new types of payment services. Of particular interest to the Monetary Authority Singapore (MAS) are the e-money issuance services and digital payment token (“DPT”) services. E-money, according to the Payment Services Act (the “Act”), includes a prepayment of an electronically stored monetary value for the purpose of future […]
ISCA Conference 2023: No Organisation Is Immune To Fraud
As with many aspects of modern life, technology is a double-edged sword – all the more so when it comes to fraud. The rapid evolution and adoption of technology has accelerated, especially in the past two years, due to remote working practices. As such, fraud has evolved from simple invoice manipulation to many different looks […]
ISCA Conference 2023: Lessons From Fraud Cases In Hong Kong
Like Singapore, Hong Kong is a major international financial centre that sees large volumes of transactions go through its financial systems daily. Unsurprisingly, a lot of the money-laundering cases in Hong Kong are also similar to Singapore’s. This was revealed by Vivian Lee, Superintendent, Money Laundering Expert Cadre, Hong Kong Police Force, in her presentation […]
ISCA Conference 2023: What Keeps CFOs Up At Night
The integration of generative artificial intelligence (AI) and advanced data analytics were the top priorities for finance leaders in the next three years, according to a live poll conducted by Yiong Yim Ming, Group Chief Financial Officer, City Developments Limited, who was moderating the session titled “The C-suite Agenda: Top Priorities For The CFO In […]