Posts by Yedda Magbanua
Boosting Financial Integrity with the Latest Corporate Service Providers (CSP) Act and Regulations
Singapore is set to significantly strengthen its regulatory landscape for corporate service providers (CSPs) with the upcoming commencement of the Corporate Service Providers Act 2024 (CSPA 2024) and its accompanying Corporate Service Providers Regulations (CSPR) 2025. Both laws will take effect on June 9, 2025, reinforcing Singapore’s commitment to combating money laundering (ML), proliferation…
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Singapore Budget 2025
Onward Together for a Better Future Tomorrow Budget 2025 is for all, with all Singaporeans as it works toward a better future tomorrow against global uncertainty and an increasingly competitive global landscape. Prime Minister Lawrence Wong, tackled vital key areas of focus and development during his speech that covered: Inflation and Living/Business…
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Protected: How to Choose Your Auditor: A Guide to Secure your Long-Term Success
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International Financial Reporting Standard (IFRS) 18, Presentation and Disclosure in Financial Statements
The International Accounting Standards Board (IASB) has published its new standard IFRS 18 ‘Presentation and Disclosures in Financial Statements’ that will replace IAS 1 ‘Presentation of Financial Statements. The new IFRS responds to investors demand for better information about companies financial performance and to improves transparency in the financial statements that will give the investors a…
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New Global Internal Audit Standards
The Institute of Internal Auditors (IIA) unveiled its updated Global Internal Audit Standards on 9 January 2024, offering a modernised and comprehensive framework designed to enhance internal audit functions and foster positive organisational change. Adopting these new standards allows organisations to adapt to the fast-paced evolution of business environments, technological innovations, and emerging risks.…
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Proposed International Standard on Sustainability Assurance (ISSA) 5000 – General Requirements for Sustainability Assurance Engagements
The proposed ISSA 5000 is designed to be a comprehensive and independent standard applicable to limited and reasonable sustainability assurance engagements. The proposal is more specific than ISAE 3000 (Revised) and ISAE 3410 for sustainability priority areas. It will cover sustainability information reported on various topics and prepared under multiple frameworks, including the IFRS Sustainability Disclosure Standards S1 and…
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International Financial Reporting Standards (IFRS) S1 and S2
The International Sustainability Standards Board (ISSB) has released the IFRS Sustainability Disclosure Standards, a global framework for consistent, comparable, and high-quality sustainability reporting. These standards, designed to meet investor needs, include IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, which were issued on 26 June 2023 and become effective…
Read MoreQuarterly Newsletter October 2024
Beyond Numbers: Leading the Way Towards our Shared Success The world continues to change and business dynamics across the globe shift alongside it. In the past three months, we have committed ourselves to contributing insights and experiences to the profession whilst making sure we remain adaptive to change— a move that enable us to…
Read MoreQuarterly Newsletter July 2024
Navigating Today’s Challenges by Elevating Excellence As we navigate business headwinds, and opportunities halfway through 2024, putting our clients interests at the center of what we do has always driven us forward. In the past months, we equipped ourselves with insights and competencies that ensure we keep elevating our services to adapt to our clients’…
Read MoreQuarterly Newsletter April 2024
Partners in Progress: Milestones Achieved with You The first three months of 2024 were eventful for us. In this newsletter issue, it is our pleasure to share the great news, milestones, and achievements we’ve accomplished through your continued support. Read on and delve into how we will hold on to this momentum to provide you with…
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