Local Businesses Have Neutral Outlook For Economy
Businesses are neutral in their outlook for the Singapore economy, with around half (49%) of those surveyed expecting economic conditions to stay flat in the next 12 months. However, more businesses (27%) are confident that the economy will improve, compared to 24% which expect it to worsen, in the same 12-month period. Fewer than one […]
Broadening My World View Through Accountancy
TAKEAWAYS Growing up, I have always had a deep interest in how businesses function. I have wondered what it would be like to be an entrepreneur, and dreamt of owning my own business someday. I relished the prospect of having the freedom to make my own decisions, and creating innovative products or services to meet […]
From Finance To Sales And Strategic Partnerships
TAKEAWAYS In 2012, I had a pivotal career opportunity – relocating with Microsoft from Singapore to Australia, to manage a larger portfolio and engage with top stakeholders. Despite the personal risks of moving my family, the professional growth and new challenges warranted this significant step in my career journey. THE EARLY YEARS: LEARNING THE FINANCIAL […]
ISCA Breakfast Talk: Enhancing Whistleblowing Practices
In today’s complex organisational landscape, whistleblowing serves as a cornerstone for transparency and accountability. At the ISCA Breakfast Talk event, “Enhancing Whistleblowing Practices: Navigating Challenges and Embracing Change”, on August 14, Oo Yang Ping, AP Managing Director, Conduct Watch & Claims View, Forensic & Financial Crime, Deloitte Southeast Asia, emphasised the pivotal role of whistleblowing […]
Digital Transformation Journey With InvoiceNow
TAKEAWAYS In all likelihood, you would have noticed the recent buzz surrounding InvoiceNow in Singapore. In a significant step towards digital transformation for businesses, the Inland Revenue Authority of Singapore (IRAS) and Infocomm Media Development Authority (IMDA) announced on 15 April 2024 that InvoiceNow will be progressively extended to GST-registered businesses in Singapore. A soft […]
People, Performance And Profit
TAKEAWAYS Jason is the Head of the Human Capital Management (Postgraduate) Programme at the Singapore University of Social Sciences. I received a call from him one day. He asked, “Do you think human resource (HR) folks should know how to read financial statements?” Jason felt that students in his programme should know more than just […]
Listening: The Secret Sauce Of Great Leadership
TAKEAWAYS: When we picture a leader, we often see someone confidently speaking – rallying the team, laying out a vision, and issuing directives. But there’s another side to leadership that’s just as powerful: the ability to listen. Beyond all the talk about vision, strategy, and decision-making, the leaders who truly stand out are those who […]
Three Areas To Strengthen Asia’s Food Resilience
COVID-19 showed up Singapore’s strengths and vulnerabilities. While the government’s handling of the pandemic received global accolades, the massive disruptions to life as we know it also accentuated Singapore’s weaknesses, including its heavy reliance on imports for food. Clearly, there is urgency for the city-state bolster its food resilience. The “30×30” initiative is designed to […]
TECHNICAL HIGHLIGHTS
AUDITING AND ASSURANCE ISCA Issues Updated Audit Guidance Statement (AGS) 1 (Revised Aug 2024), Sample Independent Auditor’s Reports AGS 1 is a compilation of commonly used sample independent auditor’s reports. ISCA and the AGS 1 Sub-Committee have worked with EDB to develop additional procedures in relation to new reporting requirements under EDB’s tax incentive scheme. […]
The Case For Workplace Fairness
TAKEAWAYS New or old, big or small, workplace fairness is every company’s business. In the midst of immediate challenges that small and medium-sized enterprises (SMEs) may face, such as managing costs and growing their business, preparing for the upcoming workplace fairness legislation may not always be at the forefront of their agenda. However, it is […]
