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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Quarterly 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…

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Quarterly 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’…

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Quarterly 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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Singapore Budget 2024: Insights and Support Measures for the Year and Beyond

Singapore Budget 2024: Insights and Support Measures for the Year and Beyond   Budget 2024 is all encompassing as it tackles immediate uncertainties in the economic outlook, inflation, rising business costs and cost of living. The Budget aims to be inclusive, pro-business, pro-Singaporeans and thrust Singapore forward against a competitive global landscape whilst remaining socially…

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