The CSP Act
TAKEAWAYS If you are a Chartered Accountant (CA) in practice, consider this scenario: A long-standing audit client, a family-owned business, asks for your help. They want to expand into a new market and need to incorporate a new Singapore entity. You agree, as you always have. Your junior associate handles the incorporation with ACRA. You […]
AI Will Reshape Accounting
TAKEAWAYS Artificial intelligence (AI) is transforming accounting work but it has not led to broad-based job cuts, particularly among junior hires, said the Institute of Singapore Chartered Accountants (ISCA) as it set aside $1 million in funding after Budget 2026 to strengthen AI skills. AI is not eliminating the need for accountants, ISCA chief executive […]
Budget 2026
TAKEAWAYS Budget 2026 comes at a time when many of us are working harder than ever. In conversations with members and business leaders over the past year, it can be observed that work is no longer just about hitting targets or meeting deadlines; it is about navigating several forces moving all at once. Technology is […]
Strengthening SMPs
TAKEAWAYS Small and medium-sized accounting practices (SMPs) have long been a vital pillar of Singapore’s accountancy ecosystem. They serve as trusted advisors to countless SMEs, supporting compliance, growth, and business decision-making across the economy. Yet, the reality is that the operating environment for SMPs is changing rapidly, shaped by talent shortages, rising regulatory expectations, technology […]
CEO Confidence In Revenue Outlook Dips: Survey
CEO confidence in their company’s revenue prospects has fallen to its lowest level in five years, according to PwC’s 2026 Global CEO Survey. This is because business leaders are grappling with uneven returns from artificial intelligence (AI), rising geopolitical risk, and intensifying cyber threats. According to the survey, only about three in 10 (30%) CEOs […]
Economist Impact Suggests A New Path For Global Trade
In an era defined by fragmentation, rapid technological change, and shifting geopolitical dynamics, new strategies are needed to navigate the increasingly complex global environment. Against this backdrop, the Future of Trade – a multi-year initiative designed to chart a roadmap for these uncertain times – was launched by Economist Impact at the World Economic Forum […]
The Asset-Based Community Development (ABCD) Framework
TAKEAWAYS In an October 2025 article on CA Lab, “Best Practices Of Asset-Based Community Development”, I had introduced the Asset-Based Community Development (ABCD) framework as an emerging paradigm for community development within the Singaporean context. That article had covered the overview, principles and challenges of ABCD. This article extends that discussion by moving from theory […]
World-First Governance Framework For Agentic AI Model
Singapore has launched a new model of artificial intelligence (AI) governance framework – a world-first guide for enterprises to deploy agentic AI responsibly. Unveiled at the World Economic Forum in Davos, Switzerland, on January 22 by Minister for Digital Development and Information Josephine Teo, the new Model AI Governance Framework for Agentic AI (MGF for […]
Most Singapore Youths Seek Career Support: Survey
Youths are aware of and care about global economic developments. They find the economic uncertainty a concern and hope to receive greater support in career and financial planning. These were some of the findings from a survey conducted by Blackbox Research of 1,000 youth respondents last year, and shared at the Gen2050 Youth Action Forum […]
TECHNICAL HIGHLIGHTS
AUDITING AND ASSURANCE ISCA Issues Amendments To Auditing And Assurance Pronouncements Arising From Revised ACRA Code Revisions to the ACRA Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities (ACRA Code) require a firm to publicly disclose when it has applied the independence requirements for public interest entities (PIEs). The amendments to […]