Singapore To Set Up Dedicated Agency For SMEs
Singapore’s strong reputation as a business and financial hub is built on an efficient, effective, and fair regulatory regime designed to facilitate the growth of good businesses. However, this also means that enterprises shoulder a heavy burden when it comes to navigating regulatory requirements. For small and medium-sized enterprises (SMEs) that are already lean in […]
TECHNICAL HIGHLIGHTS
AUDITING AND ASSURANCE ISCA Issues Audit Bulletins (AB) 6 Key Revisions To Group Audits – SSA 600 (Revised) ISCA developed Audit Bulletin (AB) 6 to raise awareness of the key changes to SSA 600 (Revised) Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors) and provide guidance to address implementation […]
Journey To Trustworthy And Secure AI
TAKEAWAYS Artificial intelligence (AI) promises significant benefits in terms of productivity and decision-making. Not only are the benefits economic and social, there are value-adds in terms of security. Even as malicious actors may abuse AI to empower their attacks, we are making efforts to ensure that our cyber defenders can also harness AI to fend […]
From Excel VBA To Python
TAKEAWAYS In today’s fast-paced business environment, proficiency in programming can seem daunting, especially for accounting and finance professionals who may lack technical literacy in this area. This fear often stems from the misconception that programming is an inaccessible skill reserved for tech-savvy individuals. However, this fear can be mitigated by using familiar tools and languages, […]
Sustainability Reporting: Ready Or Not, Here It Comes
As Singapore’s business landscape evolves, a key question arises: Are organisations ready for the growing demands of sustainability reporting? This shift towards climate-conscious operations is no longer just about compliance, it’s a strategic necessity with wide-reaching implications. At the ISCA Breakfast Talk helmed by Grant Thornton on September 18, Chetan Hans, Partner – Head of […]
Malaysia’s Economic Growth Trumps Expectations For Two Straight Quarters
A surge in domestic demand, along with the continued recovery in exports, pushed Malaysia’s economic growth beyond economists’ forecasts for the second consecutive quarter in 2024. In a statement released by the Ministry of Finance on August 16, Malaysia’s gross domestic product (GDP) in the second quarter of 2024 (Q2 2024) expanded by 5.9% (Q1 […]
Managing Money In A Not Quite Cashless World
TAKEAWAYS As society moves towards a cashless future, following a surge in digital payments during the pandemic, some might assume that cash mishandling would become a thing of the past. Yet, recent headlines tell a different story. In recent news, an ex-constituency director was jailed for misappropriating over S$12,000 in National Day dinner ticket sales; […]
Tax Governance And Risk Management
TAKEAWAYS Amid an increasingly complex tax landscape, tax authorities globally are focusing on tax governance and risk management to bring tax compliance upstream, foster trust and enable open communications with businesses on their tax affairs. Businesses can leverage on these initiatives to instil confidence among stakeholders and the general public that there are proper tax […]
Singapore Deepens Business Ties With India
Singapore and India’s business relations took another big step forward on September 5, with an exclusive closed-door Business Roundtable organised by the Singapore Business Federation (SBF). The high-level event, held at Shangri-La Hotel Singapore, was graced by the Prime Minister of India, Shri Narendra Modi, alongside prominent business leaders from Singapore. The roundtable provided a […]
Local Knowledge And Global Perspectives
TAKEAWAYS Having embarked on my professional journey with PwC China in 2004, my career has been a whirlwind of growth and dynamism. The first decade of my tenure was characterised by the restructuring of Chinese state-owned enterprises (SOEs), and facilitating their overseas initial public offerings (IPOs). Driven by the need of local SOEs to align […]
