by admin | Jul 23, 2026 | Accounting, Artificial Intelligence (AI), Auditing, Corporate Governance, Ethics, Tech News
Artificial intelligence tools can support a wide range of accountancy activities, including drafting, summarisation, document review, research and client communication. However, no single AI model is suitable for every assignment, and outputs must be assessed against...
by admin | Jul 23, 2026 | Accounting, Auditing, Tech News
The Monetary Authority of Singapore (MAS) has introduced new guidelines setting out its supervisory expectations for the annual audits of licensed payment service providers under the Payment Services Act 2019. The requirements will apply to audits for financial years...
by admin | Jul 16, 2026 | Accounting, Auditing, Ethics, Tech News
Singapore’s Corporate Service Providers Act 2024 and its subsidiary legislation took effect on 9 June 2025, replacing the previous registered filing agent framework with a broader regulatory regime. The legislation extends registration and anti-money laundering...
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 | Jun 11, 2026 | Accounting, Artificial Intelligence (AI), Auditing, Data Protection & Cybersecurity, Income Tax, Tech News
Artificial intelligence can help accountants work more efficiently in audit, tax, compliance and advisory work. However, the quality of AI output depends heavily on the quality of the prompt. A clear, structured and well-contextualised prompt can help AI produce more...
by admin | May 27, 2026 | Accounting, Artificial Intelligence (AI), Auditing, Tech News
Background A mid-sized accounting and audit firm, Lim & Partners Advisory (invented firm name) had been serving small and medium-sized enterprises for more than 15 years. The firm provided statutory audit, tax compliance, accounting, payroll, and advisory...
