by admin | Aug 21, 2025 | Accounting, Income Tax, Tech News
The accounting and tax sector is facing unprecedented cyber threats, with new data revealing that scam victims in Singapore suffered losses of a staggering S$1.1 billion in 2024—a 70% year-on-year increase. This alarming statistic, from the Singapore Police Force’s...
by admin | Aug 20, 2025 | Accounting, Income Tax, Tech News
The Accounting and Corporate Regulatory Authority (ACRA) has announced a significant update to the Singapore Financial Reporting Standard (SFRS) for Small Entities, marking its most substantial overhaul to date. The amendments, published on 18 August 2025, are a...
by admin | Aug 19, 2025 | Accounting, Income Tax, Tech News
In a move designed to lower the compliance burden and promote cost-effective financial reporting, the Accounting Standards Council (ASC) has announced a significant amendment to FRS 119 Subsidiaries and Small Entities without Public Accountability: Disclosures. This...
by admin | Jul 26, 2025 | Accounting, Tech News
The IFRS Foundation has published a set of near-final examples designed to assist companies in providing clearer, more consistent disclosures about significant uncertainties within their financial statements. Leveraging climate-related scenarios for practical...
by admin | Jul 16, 2025 | Accounting, Goods and Services Tax, Income Tax, Tech News
Over 60 countries have mandated e-invoicing or digital tax reporting frameworks, with global adoption projected to near universality by 2030. This shift promises enhanced tax compliance, reduced administrative burdens, and real-time transaction visibility for...
by admin | Jul 12, 2025 | Accounting, Tech News
The IFRS Foundation has published crucial educational guidance to assist companies in effectively applying the industry-specific materials underpinning the International Sustainability Standards Board (ISSB) Sustainability Disclosure Standards. This new guidance...
