Advanced Lookup: Wildcards
TAKEAWAYS In card games, wildcards are cards that can represent any other card. In computing, they serve a similar purpose, helping us move beyond exact matches. Like in card games, a wildcard character can represent one or more other characters, making lookups, filters, and searches far more flexible. Accountants are typically very organised. Account codes […]
Think Twice Before Incorporating A Company
TAKEAWAYS Over the past four years, I have been interviewing candidates for admission to the Accountancy Programme at the Singapore University of Social Sciences. In the course of doing so, I cannot help but notice a trend – increasingly, candidates are seeking accountancy training to advance their entrepreneurial pursuits. When probed further, candidates believed that […]
ASEAN: Deepening Regional Integration And Global Partnerships
The ASEAN Economic Community (AEC) envisions ASEAN as a single, integrated market through the process of regional economic integration. The free flow of goods, services, investments, capital, and labour will allow the development of production networks in the region, and enhance ASEAN’s capacity as a global supply chain. With a market size estimated at US$3.6 […]
Applying An Ethical Benchmark To Tax Planning (Part 2 Of 3)
The ISCA Ethics Committee (EC) develops the ISCA Code of Professional Conduct and Ethics (EP 100). As part of outreach efforts to raise awareness, the ISCA EC collaborated with the tax experts who wrote this three-part article to shed light on the adoption of the tax planning standards in EP 100 (revised on 20 March […]
Singapore Is Global Third Happiest City
In an increasingly uncertain and volatile world, how happy its citizens are is a useful metric to inform a government in its policymaking. Given that what makes one happy will differ from person to person, the Happy City Index, by think tank Institute for Quality of Life, injects a degree of objectivity into a city’s […]
TECHNICAL HIGHLIGHTS
AUDITING AND ASSURANCE IAASB Announces Withdrawal Of ISAE 3410 For Assurance Engagements On Greenhouse Gas Statements The withdrawal of ISAE 3410 follows the issuance of International Standard on Sustainability Assurance (ISSA) 5000, General Requirements for Sustainability Assurance Engagements, which covers assurance requirements across all types of sustainability information. ISSA 5000 is effective for assurance engagements […]
Taskforce To Address Tariffs, Develop Longer-Term Strategies
The “Liberation Day” tariff announcements by the US presented a raft of tariffs of at least 10% across all countries, and higher rates for countries and trading blocs that have a trade deficit with the US. There have been talks and negotiations since, to obtain more favourable terms. Many countries are also relooking their policy […]
Transforming Accounting With AI
TAKEAWAYS Artificial intelligence (AI) is driving revolutionary change across industries. Over the years, technological advancements have been disrupting the accountancy profession, creating both opportunities and challenges. In particular, the current rapid rise of AI is poised to have a profound impact on the sector. How can the profession reap the upsides of AI – and […]
Strengthening Cybersecurity For Financial Professionals
TAKEAWAYS In today’s digital landscape, financial professionals are more than stewards of numbers, they are the custodians of sensitive data, frontline defenders against cyber threats, and ethical sentinels of trust in a hyperconnected world. The surge in cyberattacks targeting finance and audit functions underscores a crucial message: cybersecurity is no longer the exclusive domain of […]
Singapore Tax Cases 2024 (Part 1 Of 2)
TAKEAWAYS The passing of another year also marked the time for the Singapore Chartered Tax Professionals to organise its popular Singapore Tax Cases seminar. The event was facilitated by Accredited Tax Advisor (Income Tax) & Accredited Tax Practitioner (GST) Allen Tan, Principal; Jeremiah Soh, Local Principal; Shawn Joo, Senior Associate; and Clinston Chiok, Associate, from […]