Singapore Convenes Economic Strategy Review
The significant uncertainties arising from the US tariffs, as well as the rapid developments in technology, are spurring Singapore to relook its economic strategy. On August 4, Deputy Prime Minister (DPM) and Minister for Trade and Industry Gan Kim Yong announced that Singapore will convene an Economic Strategy Review (ESR) to “chart an economic blueprint […]
Navigating The Cyber Threat Landscape
TAKEAWAYS In 2024, scam victims in Singapore suffered astonishing losses of S$1.1 billion, marking a staggering 70% increase from the previous year, according to the Singapore Police Force’s Annual Scams and Cybercrime Brief 2024. Despite the alarming statistics, many victims of cybercrimes mistakenly believe that they are immune to scams and cyberattacks. However, cyber criminals […]
ISCA’s Global Talent Programme 2025 (Part 1 Of 6)
TAKEAWAYS Reimagining the future of high-tech industries. Reframing the conventional narrative surrounding the value of accounting through conversations with top industry leaders. Redefining what the accounting profession truly represents. Truly, the China leg of the ISCA Global Talent Programme (GTP) proved to be a transformative experience for our four curious Singaporean accountancy and business undergraduates, […]
Empowering Accountants In The Age Of AI
TAKEAWAYS “Brace! Brace!” We often hear this in an inflight safety video. Metaphorically, this phrase aptly applies to today’s accountancy professionals as they brace themselves for the extensive impact of artificial intelligence (AI). From task automation and data analyses to Google searches and online purchase recommendations, AI has permeated our work and personal lives. Many […]
Personal Wellness: From Crisis To Clarity
TAKEAWAYS In the bustle of daily life, wellness often slips quietly to the bottom of our priority list, overshadowed by deadlines, responsibilities, and the constant buzz of modern living. We tell ourselves we will eat healthier, exercise more, or finally schedule that overdue health check someday. But, life has its own way of reminding us […]
TECHNICAL HIGHLIGHTS
AUDITING AND ASSURANCE IAASB Releases New FAQ For ISA For LCE IAASB has published a new set of Frequently Asked Questions for the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE), a standard tailored for financial audits of smaller and less complex entities. This new set of […]
New Fund To Support Businesses
The Singapore Economic Resilience Taskforce (SERT) has announced a new Business Adaptation Grant, which will be launched in October 2025. The announcement and other updates were provided at a SERT press conference on July 10. The new Business Adaptation Grant, which complements existing government schemes, will help eligible enterprises adapt to the new tariff environment […]
ISCA Annual Conference 2024
TAKEAWAYS The ISCA Conference 2024, which took place on November 14 and 15 at the Marina Bay Sands Convention Centre, proved to be bigger, bolder and more impactful than ever, with a healthy dose of dynamic energy and humour. Notably, it was organised along different lines, and also attracted its largest-ever audience. Minister in the […]
New Scheme To Help Companies Expand Overseas
Singapore companies with overseas ambitions can tap into the new Overseas Markets Immersion Programme (OMIP). Launched in mid-November by Workforce Singapore (WSG), the programme supports these companies to equip their employees with relevant skills and market knowhow through an overseas stint, so they can enhance their firms’ global mobility. The Singapore Business Federation (SBF), which […]
Singapore Tax Cases 2023 (Part 2)
TAKEAWAYS In Singapore Tax Cases 2023 (Part 1), published in May, two notable income tax cases1 based on a seminar organised by the Singapore Chartered Tax Professionals (SCTP) were dissected. The seminar was facilitated by Accredited Tax Advisor (Income Tax) & Accredited Tax Practitioner (GST) Allen Tan, Principal; Jeremiah Soh, Local Principal; and Shawn Joo, […]
