ACRA’s 2026 Reforms Take Effect Today, 6 May 2026
Singapore’s Corporate and Accounting Laws amendments take effect today, 6 May 2026, introducing higher accountability expectations for company directors and new governance safeguards affecting financial reporting, director duties and shareholder approvals. Directors...
Mandates Disclosure of Engagement Partner Name in All Auditor’s Reports from 6 May 2026
Amendments to the Accountants Act (Section 59A) now require that all auditor’s reports issued by a public accountant or an accounting entity under Section 59A(4) disclose the full name of the engagement partner. Conforming changes to the Institute of Singapore...
How Artificial Intelligence is becoming the Ultimate Enabler of Financial Crime
Emerging insights from financial fraud investigative professionals reveal that organised scam operations in Singapore and Southeast Asia are evolving into global, service-based ecosystems. Artificial intelligence, illicit data markets, and cross-border laundering...
IRAS Launches E‑Filing for YA 2026 Corporate Tax Returns and EIS Cash Payouts
The Inland Revenue Authority of Singapore (IRAS) has launched e-filing services for Form C, Form C‑S, and Form C‑S (Lite) for the Year of Assessment (YA) 2026 on mytax.iras.gov.sg. Companies must file by 30 November 2026. Businesses seeking an Enterprise Innovation...
IRAS 7/2026: Same-Business Requirement for Loss Transfer on Amalgamation
The Inland Revenue Authority of Singapore (IRAS) has issued Advance Ruling Summary No. 7/2026, addressing whether a surviving entity in an amalgamation under Section 215F of the Companies Act 1967 may deduct unabsorbed capital allowances and losses transferred from...
Part 2: The Data Imperative — Governing Non-Financial Data with Confidence
The single greatest operational challenge for organisations in advancing their sustainability agenda is data. Research indicates that 72% of organisations struggle with fragmented and unreliable sustainability-related data. Unlike traditional financial data,...
Trust, Tech and Resilience Reshape Charity Governance
Singapore’s charity sector is moving into a more demanding operating environment, where governance, digital capability, financial resilience and public trust are increasingly treated as interconnected technical priorities rather than standalone compliance matters....
Enterprise Engineering: What Accounting Firms and their Clients should Prepare for
A growing trend shows that software engineering is no longer viewed merely as a support function, but as a key driver of enterprise value, supported by modular technology platforms, AI-enabled agents and stronger human oversight. For accounting firms, this shift is...
Key Updates to IRAS Transfer Pricing Guidelines (8th Edition)
The Inland Revenue Authority of Singapore (IRAS) has issued the 8th Edition of its Transfer Pricing Guidelines (TPG), effective 19 November 2025. The updates introduce significant compliance relief for related party domestic loans, a new optional Simplified and...
“We Have IT, So We’re Safe” – The Hard Truth About PDPA Fines
Many Singapore’s small and medium enterprises (SMEs) continue to operate under a false sense of cyber security, according to a new analysis of local compliance trends and enforcement actions. They believe that having IT support, antivirus software, or cyber insurance...