Green Views For Healthier Diets
TAKEAWAYS An image of a verdant forest glade or a tranquil pasture. Natural scenes typically conjure up positive emotions and a sense of wellbeing for most individuals, but could they also influence them to make healthier food choices? The answer, according to our article, just published in Nature’s new journal Communications Psychology, is “yes”. Our […]
ArtificiaI Intelligence In Excel
TAKEAWAYS Excel is the go-to tool for most accountants. Whether it is crunching numbers, performing analysis or organising data, accountants rely heavily on Excel to complement tasks done in accounting software. But, what if artificial intelligence or AI – often touted as a game-changer for the accounting sector – were integrated into Excel? Can it […]
CA Lab Wins 2024 APEX Award For Publication Excellence
The Institute’s “CA Lab – a content hub for professional accountants in a dynamic business environment” has won the Publication Excellence Award at the 2024 APEX Awards. The CA Lab microsite achieved recognition for its overall quality in the “Websites (entire site, including content and design)” category. ISCA and the editorial team would like to […]
The Art Of Saying “No”
You have a pile of work to complete before you can call it a day. Your manager drops a thick file on your desk, with the instruction to “draft a project proposal by today”. Your colleague asks you for a “personal favour” to cover for him as he wants to leave early for a social […]
TECHNICAL HIGHLIGHTS
AUDITING AND ASSURANCE ISCA Issues Audit Bulletin (AB) 5 Reporting On Grants And Incentive Schemes – Considerations For Government Agencies To support government agencies in establishing reporting requirements for grants and incentive schemes, ISCA developed AB 5 to raise awareness of the different frameworks available for reporting on grants and incentive schemes. This audit bulletin […]
Streamline Consolidation With Power Query
TAKEAWAYS The visual below shows a typical consolidation worksheet. You have the list of accounts, and group entities in the columns. You will need to bring in the trial balance data of each group entity into this worksheet. This can be achieved using formulas or functions, or using Power Query. Power Query is an extract, […]
REIT Market Development
TAKEAWAYS In July 2024, the Monetary Authority of Singapore (MAS) issued a consultation paper on proposed amendments to the leverage requirements for REITs. Currently, a REIT is required to have an interest coverage ratio (ICR) of at least 2.5 times if it intends to increase its aggregate leverage from 45% to 50%. Under the consultation, […]
AI In Auditing
TAKEAWAYS “Are we going to be entirely replaced by AI in the future?” It is a question that we hear a lot from many aspiring accountants and auditors. With artificial intelligence (AI) advancing at unprecedented speed and news of AI breakthroughs flooding the news media, it is easy to fear that machines will soon be […]
Singapore Retains Global Top Position In Corporate Governance
Singapore has demonstrated its exemplary governance once again, as it retains the top spot in the latest Chandler Good Government Index (CGGI) for the second consecutive year. The pole position puts Singapore ahead of Denmark (second place), Finland (third), Switzerland (fourth), and Norway (fifth). As the only non-European country in the top 10 list, Singapore’s […]
Critical Role Of Crypto Subledger
TAKEAWAYS In the dynamic landscape of crypto accounting, managing a large volume of integrations, transactions, and tokens can quickly become overwhelming. Each integration involves diverse platforms, varying formats, and different standards, making data transfer and synchronisation a time-consuming and error-prone process. The sheer number of these integrations requires careful monitoring and regular updates, increasing the […]
