by admin | Jul 2, 2026 | Accounting, Tech News
FRS 118, Presentation and Disclosure in Financial Statements, will replace FRS 1 as the primary standard governing the presentation of financial statements. The new standard is aimed at improving comparability, transparency and the overall quality of financial...
by admin | Jul 2, 2026 | Auditing, Tech News
Audit teams should expect going concern assessments to receive closer scrutiny where entities face liquidity pressure, refinancing risk, customer concentration, supply chain disruption, or reliance on shareholder and group support. In the current environment, going...
by admin | Jul 1, 2026 | Accounting, News, Tech News
Small and medium-sized practices are entering a period where talent strategy is no longer only an internal human resources matter. It is now central to service quality, client resilience, and the long-term relevance of the profession. As small businesses increasingly...
by admin | Jul 1, 2026 | Accounting, Company Law, Tech News
Key Development ACRA has provided important updates affecting Singapore companies, corporate service providers, directors, position holders and financial statement preparers. The updates cover annual return filing obligations, late filing penalties, upcoming changes...
by admin | Jun 30, 2026 | Accounting, Financial & Estate Planning, Income Tax, Tech News
The Inland Revenue Authority of Singapore will implement a new tax reference number format for Estates, Trusts and Unit Trusts from July 2026. The existing 10-character Income Tax Reference ID will be replaced by a 9-character ASGD ID in the format AXXXXXXXX. Key...
