Individual Tax Filing: Getting It Right
TAKEAWAYS A company announced to its employees on 10 December 2022 of the decision to pay non-contractual bonus to those who remained in service till 31 December 2022. The payment was made on 5 February 2023. When should the company report such non-contractual bonus? “Non-contractual bonus is taxable based on the date on which the […]
DEI Has Some Way To Go
The discontent among workers were emerging even before the pandemic wreaked havoc across the world, except that COVID-19 made things worse – but also better. The pandemic made remote working and flexi-work part of normal business practice, raised awareness of the importance of work-life balance, burnout and mental wellbeing, and heightened the discussion on diversity, […]
Speak Up, Be Counted: Your Voice Matters
TAKEAWAYS Every year, International Women’s Day (IWD) themes reflect our collective strides and stumbles in the march towards gender equality. They are beacons that guide us and direct our way forward – each a milestone in our shared journey. Recent themes include “DigitALL: Innovation And Technology For Gender Equality” (2023), “Break The Bias” (2022), and […]
Three Books To Inspire Change This International Women’s Day
How Women Rise: Break The 12 Habits Holding You Back From Your Next Raise, Promotion, Or JobBy Sally Helgesen and Marshall Goldsmith If you have ever felt that you made good progress early in your career but have now started to stall, this is the book for you. Women tend to replicate the behaviours and […]
Technical Highlights
AUDITING AND ASSURANCE ISCA Invites Comments On IAASB’s Exposure Draft: Proposed ISA 240 (Revised) The Auditor’s Responsibilities Relating To Fraud In An Audit Of Financial Statements,And Proposed Conforming And Consequential Amendments To Other ISAs These proposed revisions significantly strengthen IAASB’s standard on auditors’ responsibilities related to fraud by defining the expectations in relation to fraud, […]
ISCA Strengthens Ties With Key Stakeholders In Indonesia Through MOUs
In 2023, ISCA expanded globally by establishing 12 overseas chapters in 10 countries, laying the groundwork for internationalisation. This year, the focus is on strengthening ties with key stakeholders through collaboration. ISCA President Teo Ser Luck and CEO Fann Kor flew the flag for Singapore as they embarked on the Institute’s first overseas trip this […]
Upgrading And Upskilling Remain Key For Employability
Advance estimates from the Ministry of Manpower (MOM) showed that the labour market continued to expand in the last quarter of 2023. Unemployment rates remained stable, while retrenchments eased. More information will be available in the Labour Market Report Fourth Quarter 2023, due for release in mid-March 2024. Based on the preliminary data released on […]
Growing Importance Of “S” In ESG
TAKEAWAYS The permeation and importance of ESG (environmental, social, governance factors) in businesses has never been as significant as it is today. However, the “social” element is often overshadowed by the “environment” element, given global paradigms and narratives around climate change. This is about to change as, since the COVID-19 crisis, neglected social factors are […]
Technical Highlights
AUDITING AND ASSURANCE IAASB Issues International Standard On Auditing For Audits Of Financial Statements Of Less Complex Entities (ISA For LCE) Built on the foundation of the International Standards on Auditing (ISAs), the ISA for LCE is a standalone global auditing standard designed specifically for smaller and less complex businesses. ISCA will be seeking feedback […]
5 Ways To Increase Your Market Value
TAKEAWAYS As companies grapple with talent shortage in Japan, the power dynamic has shifted from corporations to the workforce. The dominant factor for the declining working population in Japan is due to the lowest birthrate in over 100 years and an ever-aging population, leading to a war for talent. According to the Statistics Bureau of […]