Protected: TECHNICAL HIGHLIGHTS
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IFRS 19
TAKEAWAYS The International Accounting Standards Board (IASB) introduced a new, reduced disclosure framework for subsidiaries, IFRS 19 Subsidiaries without Public Accountability: Disclosures, on 9 May 2024. The objective of this new framework is to reduce the cost of preparing financial statements under IFRS accounting standards for subsidiaries that are not publicly accountable, while maintaining the […]
Tax Appeals In Malaysia And Indonesia
TAKEAWAYS As Singapore is a popular head office location, Singapore tax professionals have a pivotal role to play in helping multinational enterprise (MNE) groups navigate the intricate regional tax landscape. To keep tax professionals up-to-date on the regional tax landscape, the Singapore Chartered Tax Professionals organised a seminar where three regional tax experts came together […]
10 In-Demand Skills For 2025 And 2026
Emerging technologies, economic shifts, demographic changes, evolving workforce dynamics, and more. While many factors influence the business landscape, there is no denying that today’s work environment is more volatile, uncertain and ambiguous than ever. Consequently, organisations will be looking for people who can best navigate these complexities, and propel the business forward. What are the […]
Crypto Payments And Receipts Made Easier
TAKEAWAYS Crypto accounts receivable/accounts payable (AR/AP) software allows companies to bill crypto invoices and pay crypto suppliers easily. With so many different tokens on different chains, it is not easy to collect and pay in crypto. ADOPTION AND USAGE Singapore’s cryptocurrency market has seen a notable increase in crypto payments, with merchant services receiving nearly […]
Billion-Dollar Cyberfraud Industry Expands In Southeast Asia: UN Report
A new report, launched in early October, has found that Asian crime syndicates have integrated new service-based business models and technologies, including malware, generative artificial intelligence (AI) and deepfakes, into their operations; they have also established new underground markets and cryptocurrency solutions for their money-laundering requirements. “Organised crime groups are converging and exploiting vulnerabilities, and […]
Reality: Stranger Than Fiction?
TAKEAWAYS In his cult sci-fi series “The Culture”, Iain M. Banks wrote about an advanced civilisation where technology and artificial intelligence (AI) fundamentally transform everyday life. Among which, video evidence, once instrumental in legal investigations, is no longer trusted. Instead, AI is favoured for its unmatched precision and objectivity. Although what this visionary author imagined […]
Multiple Criteria VLOOKUP Guide
TAKEAWAYS Lookup is a common scenario in our daily lives, seamlessly integrating into various activities to simplify and streamline processes. Take, for example, the experience of checking out a shopping basket in a supermarket: each product’s barcode, acting as the lookup criterion, is scanned at the counter. While a barcode itself does not carry extensive […]
Best Insurance Against Turbulence
TAKEAWAYS Under stress, good people can make bad decisions. Even CEOs, who are often exposed to contradictory demands, are not immune. Bad decisions can range from ill-advised stock buybacks to poorly devised cost-cutting measures to extremes like imaginative accounting or illegal practices. We’ve seen how Nokia, General Electric, IBM and many others have stumbled in […]
TECHNICAL HIGHLIGHTS
AUDITING AND ASSURANCE ISCA Issues Updated Audit Guidance Statements (AGSs) As A Result Of Conforming Amendments Arising From SSA 600 (Revised) Conforming amendments to the AGSs have been made arising from SSA 600 (Revised) Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors), which is effective for periods beginning on […]
