First Installment of Six-Part Anti-Money Laundering Educational Series
On or about 23 September 2020, the International Federation of Accountants (IFAC) and the Institute of Chartered Accountants in England and Wales released the first segment of the Anti-Money Laundering, The Basics educational series. Instalment 1: Introduction to...
September 2019 IASB Update published
On or about 27 September 2020, the International Accounting Standards Board (IASB) has released a September 2019 IASB Update highlights preliminary decisions of the IASB after meeting remotely on 22 and 23 September 2020. The topics, in order of discussion, were: 2020...
Corporate governance ecosystem and audit quality
On or about 3 September 2020, in an article Instilling Faith in the Figures, Lim Ju May, Deputy Director, and Terence Lam, Senior Manager, Technical, ISCA, discuss the roles of various stakeholders in the corporate governance ecosystem and maintenance of the quality...
Targeted Financial Sanctions
On or about 14 September 2020, the Institute of Singapore Chartered Accountants (ISCA) has strongly encouraged professional accountants are also strongly encouraged to subscribe to the Anti-Money Laundering / Countering the Financing of Terrorism and Targeted...
Recording of the fourth and final webinar on ED: General Presentation and Disclosures
On or about 11 September 2020, the International Financial Reporting Standards Board (IASB) has posted the recordings of the live webinars held on the Exposure Draft (ED) General Presentation and Disclosures in English, Japanese and Korean. The IASB is seeking...
Fourth and final webinar on ED General Presentation and Disclosures
On or about 11 September 2020, the IFRS Foundation has released the recordings of the fourth and final webinar held on the Exposure Draft (ED) General Presentation and Disclosures in English, Japanese and Korean. The International Accounting Standards Board (IASB) is...
October 2020 Accounting Standards Advisory Forum meeting papers available
On or about 2 September 2020, the International Financial Reporting Standards (IFRS) released the agenda papers and the agenda for the Accounting Standards Advisory Forum meeting to be held on 2 October 2020. The topics for discussion are as follows: Goodwill and...
Advance Ruling Summary on Income tax issues relating to a foreign Limited Partnership
On or about 1 Sep 2020, the Inland Revenue Authority of Singapore (IRAS) has published an Income Tax Advance Ruling Summary No. 10/2020 with regards to "Income tax issues relating to a foreign Limited Partnership". The Subject was whether B Limited Partnership (“B...
Public Consultation on Proposed Companies Act Amendments
On or about 20 July 2020, the Companies Act Working Group (CAWG) was set up by the Accounting and Corporate Regulatory Authority (ACRA) in January 2018 to review areas of the Companies Act (CA). The ACRA now invites the public to provide feedback on proposed...
Advance Ruling Summary on tax treatment of exchange fee paid pursuant to exchange of Notes
On or about 30 Jun 2020, the Inland Revenue Authority of Singapore (IRAS) has published an Income Tax Advance Ruling Summary No. 4/2020 with regards to "Exchange fee paid pursuant to exchange of Notes". The Subject was whether the Exchange Fee can be regarded as: a...