by admin | May 18, 2026 | Accounting, Income Tax, Tech News
Entities applying SFRS(I) 15 must allocate the transaction price to each distinct performance obligation based on relative standalone selling prices (SSPs). When direct SSPs are unavailable, the standard permits estimation using prescribed approaches – adjusted market...
by admin | May 16, 2026 | Accounting, Income Tax, Tech News
IRAS has updated the administrative procedures for applications and claims under Singapore’s Refundable Investment Credit (RIC) scheme. The update clarifies the roles of the approving agencies, the claim verification process, utilisation options, and the procedures...
by admin | May 15, 2026 | Accounting, Artificial Intelligence (AI), Data Protection & Cybersecurity, Tech News
Artificial intelligence is becoming an essential component of modern audit practice, particularly as audit clients increasingly adopt digital tools, automation, cloud systems and AI-enabled business processes. For audit firms, the practical value of AI lies not in...
by admin | May 14, 2026 | Accounting, Income Tax, Tech News
Mergers and acquisitions are rarely driven by tax alone, but tax can materially affect whether a transaction is commercially viable, how it should be structured, and how value is ultimately preserved. In any M&A transaction, tax considerations may affect the...
by admin | May 14, 2026 | Accounting, Artificial Intelligence (AI), Data Protection & Cybersecurity, Tech News
Following the session on “AI and SMPs: What’s Changing, What Matters, What’s Next”, the message is clear: AI is no longer optional, but it must be adopted with discipline, safeguards, and professional oversight. The accountancy sector is ahead of many industries in...
