Seamless Solutions Across Borders: Leveraging International Expertise Through Kreston Global

Why Global Connectivity Matters   Over the years, business landscapes have significantly changed, driven by technological evolutions, global interconnectedness, shifts in consumer preferences, and the introduction of new markets and industries. These factors gave rise to endless opportunities for business growth and expansion into the international market. At Kreston Helmi Talib, we understand that optimising…

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Ethics Pronouncement (EP) 100 Key Updates and Ethical Considerations

Singapore’s Accountancy Body, the Institute of Singapore Chartered Accountants (ISCA), has released updates on Ethics Pronouncement (EP) 100 to incorporate revisions to the code. They are as follow:   Revised EP 100 to incorporate IESBA’s final pronouncement on Tax Planning and Related Services. This aims to reinforce the ethical responsibilities of professional accountants in Singapore when…

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Kreston Helmi Talib Appoints New Audit Partner

Kreston Helmi Talib appointed Julius Magpantay as a new Audit Partner to further strengthen our audit capabilities, effective 1 July 2025,     Julius began his career at one of the big four auditing firms in the Philippines before taking on a non-assurance leadership role for a multinational company. He joined Kreston Helmi Talib in…

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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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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…

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