Ethical Leadership In Accounting Firms
TAKEAWAYS In recent years, the accountancy profession has faced high-profile incidents linked to unethical behaviour in accounting firms. Recurring unethical behaviour in firms raises the broader issue of their culture and governance, and how these might impact ethical behaviour of professional accountants and their compliance with ethical standards. With this in mind, the International Ethics […]
Asia’s Growth Forecast Revised Amid Trade, Tariff Tensions
At the start of the year, the growth for 2025 was predicted to be stable but underwhelming, as reported in the World Economic Outlook (WEO), January 2025 by the International Monetary Fund (IMF). Four months on, however, this forecast no longer holds true as the world has undergone a major shift, when the United States […]
Pudgy Penguins Versus Dogecoin
TAKEAWAYS When people think about non-fungible tokens (NFTs) and cryptocurrencies, they often wonder: What makes a digital asset valuable? While some projects focus on building a strong brand, others rely on community-driven hype. Two great examples of these different approaches are Pudgy Penguins and Dogecoin (DOGE). Pudgy Penguins is an NFT collection that has grown […]
Lost Your Job?
TAKEAWAYS Many Singaporeans are worried about being retrenched. The government recognises this, and has introduced a SkillsFuture Jobseeker Support Scheme to support the involuntarily unemployed. As artificial intelligence (AI) adoption accelerates, job displacements may increase as companies focus on business restructuring and automation. For retrenched individuals, the impact can be destabilising. When one is retrenched, […]
The Rise Of The AI Agent
The accounting profession is no stranger to change. From handwritten ledgers to Excel spreadsheets and now cloud accounting, each shift has redefined how accountants manage data and deliver insights. Today, the next big leap is here – AI Agents – and they are set to reshape the industry in profound ways. For accountants, this means […]
Huge Potential Of Artificial Intelligence
TAKEAWAYS According to a 2024 study, 87% of C-suite executives in Singapore rank generative AI (GenAI) as one of their top three business priorities. In 2025, Singapore’s artificial intelligence (AI) market is projected to reach US$1.4 billion. Despite its growing prominence, AI is often misunderstood. At its core, AI models are merely mathematical constructs. They […]
Applying An Ethical Benchmark To Tax Planning (Part 1 of 3)
TAKEAWAYS 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 […]
The AI-Ready Accountant: A Global Perspective
TAKEAWAYS ACCOUNTANCY’S AI MOMENT: FROM READINESS TO REALITY On the bright side, 70% of respondents already use publicly available GenAI (generative artificial intelligence) chatbots, such as ChatGPT and Gemini, to enhance general productivity. However, significant gaps remain in fully leveraging AI for core accountancy tasks like audit, financial planning and analysis. So, how do we […]
TECHNICAL HIGHLIGHTS
AUDITING AND ASSURANCE ISCA Comments On IAASB’s Post-Exposure Consultation: Invitation To Comment Before IAASB Finalizes Narrow Scope Amendments To ISQMs And ISAs As A Result Of Revisions To Definitions Of Listed Entity And Public Interest Entity (PIE) In The IESBA Code IAASB’s final position is different from the position that was presented in the Exposure […]
Takeaways From SBF’s Singapore Budget Symposium 2025
As Singapore’s national accountancy body, ISCA takes a keen interest in the annual budget. Ahead of the budget announcement, it typically engages with its members, business leaders and industry experts through consultative activities such as a survey, focus group sessions and the hallmark ISCA Pre-Budget Roundtable. After the Budget Statement was unveiled, ISCA organised various […]