by admin | May 23, 2025 | Accounting, Tech News
The Accounting Standards Committee (ASC), under the Accounting and Corporate Regulatory Authority (ACRA), has issued a reminder to stakeholders to provide feedback on the proposal to make FRS 119 Subsidiaries without Public Accountability: Disclosures available to...
by admin | May 21, 2025 | Accounting, Data Protection & Cybersecurity, Tech News
Recent threat intelligence indicates a sharp rise in AI-powered cyberattacks, including ransomware, deepfake social engineering, and software supply chain breaches. For accounting firms and their corporate clients, these developments carry direct consequences for...
by admin | May 16, 2025 | Accounting, Auditing, Company Law, Income Tax, Tech News
Significant regulatory changes are imminent for Corporate Service Providers (CSPs) operating in Singapore. Effective 9 June 2025, the newly enacted Corporate Service Providers Act (CSP Act) imposes mandatory registration and stringent compliance obligations on all...
by admin | May 15, 2025 | Accounting, Auditing, Tech News
The IFRS Foundation has released a significant revision to its educational material supporting the application of going concern requirements under IFRS Standards. This update ensures the guidance reflects the latest developments, most notably the introduction of IFRS...
by admin | May 14, 2025 | Accounting, Goods and Services Tax, Income Tax, Tech News
The Inland Revenue Authority of Singapore (IRAS) has issued a reminder to Goods and Services Tax (GST)-registered businesses regarding common errors identified during its audit programme, particularly targeting entities with low-value GST refund claims. A key...
by admin | May 10, 2025 | Accounting, Income Tax, Tech News
In a significant ruling for financial sector incentive (FSI) companies, the Singapore Income Tax Board of Review (the Board) has determined that losses incurred on the redemption of redeemable preference shares (RPS) do not constitute losses derived from...
