TECHNICAL HIGHLIGHTS
AUDITING AND ASSURANCE Key Considerations On Auditing Implications From US Tariffs The ongoing uncertainty surrounding the baseline and additional reciprocal tariffs by the US has raised concerns about potential shifts in the global trade landscape. In light of this development, we would like to highlight certain key auditing considerations. With the heightened uncertainty, auditors should […]
Singapore Tax Cases 2024 (Part 2 Of 2)
TAKEAWAYS In Singapore Tax Cases 2024 (Part 1), published in May, we focused on the landmark Singapore High Court decision of Changi Airport Group (Singapore) Pte Ltd v Comptroller of Income Tax [2024] SGHC 281, based on a seminar organised by the Singapore Chartered Tax Professionals (SCTP). The session was facilitated by Accredited Tax Advisor […]
Applying An Ethical Benchmark To Tax Planning (Part 3 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 […]
Work Redefined: Gen Zs And Millennials
By 2030, Gen Zs (born 1997–2012) and Millennials (born 1981–1996) are expected to make up nearly three-quarters of the global workforce, and they are bringing a new set of priorities with them. Having entered the job market in the shadow of a global pandemic and an economic recession, they are reshaping the way we define […]
Playbook For Companies To Navigate Business Complexities
The Singapore Economic Resilience Taskforce (SERT) saw some recent changes in the composition of its members, but its primary goal – to help Singapore businesses and workers navigate the uncertainties caused by rising trade protectionism and geopolitical developments – remains intact. Separately, each of the entities with representation in SERT has been going about its […]
Challenges Of A Crypto Accountant
TAKEAWAYS One of the primary difficulties encountered by crypto accountants is the lack of clear regulatory guidelines regarding the classification and measurement of cryptocurrencies. These digital assets do not conform neatly to existing categories like cash or securities, resulting in ambiguity in financial reporting standards. The inconsistent treatment of cryptocurrencies across jurisdictions complicates compliance efforts, […]
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 […]