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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 S2.…
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…
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…
Tax Changes as Covered in Singapore Budget 2023
Tax Changes as Covered in Singapore Budget 2023 Finance and Deputy Prime Minister Lawrence Wong’s budget speech 2023 has touched on vital key points to look forward to in 2023 as the government laid out plans to fuel internal revenue sources through taxes whilst providing support to those struggling to adjust to post-pandemic norms…
Crash Course in Singapore’s Income Taxation
Crash Course in Singapore’s Income Taxation (2023) As the deadline for filing and paying income taxes is fast approaching there will be a plethora of tax vocabularies and computation that will come along your way. Most may confuse you and may hinder your understanding of your taxes and the benefits you can enjoy. This…
Industry Roundup: Important Updates and Reminders
Industry Roundup: Important Updates and Reminders The global economy is rocked by waves of uncertainties. The International Monetary Fund (IMF) has generated a forecast for global growth to fall from an estimated 3.5 percent in 2022 to 3.0 percent in both 2023 and 2024. True enough, businesses across industries grapple with steep debt interest rates, rising…
Final GST Rate Change Effective 01 January 2024—What does this mean for your Business
Final GST Rate Change Effective 01 January 2024-What does this mean for your Business In his Budget 2022 Speech, Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, announced the increase in Goods, and Services Tax (GST) rates that will take effect from 7% to 8% starting 01 Jan 2023; and 8% to 9% with…
Singapore Standards in Auditing – Audits of Group Financial Statements
Singapore Standards in Auditing (SSA) 600 Special Consideration – Audits of Group Financial Statement Effective 15, December 2023, the revised Singapore Standards in Auditing (SSA) 600 Special Considerations on Audit of Group Financial Statements will be the governing guidelines for an audit of group financial statements, including the circumstances when component auditors are involved.…
Step-by-Step Guide in Incorporating a Company in Singapore (2023)
Singapore has been called by many names in the economic and business sector – the most digitally competitive economy in Asia, the best in the world for doing business, 2nd richest economy in the world and the list goes on. Now home to 575,527* businesses as of March of 2023 there is no better time to maximise the opportunity for…
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…
Read More
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…
Read More
Singapore Budget 2024: Insights and Support Measures for the Year and Beyond Budget 2024 is all encompassing as it tackles immediate uncertainties in the…
Read More
Tax Changes as Covered in Singapore Budget 2023 Finance and Deputy Prime Minister Lawrence Wong’s budget speech 2023 has touched on vital key points…
Read More
Crash Course in Singapore’s Income Taxation (2023) As the deadline for filing and paying income taxes is fast approaching there will be a plethora…
Read More
Industry Roundup: Important Updates and Reminders The global economy is rocked by waves of uncertainties. The International Monetary Fund (IMF) has generated a forecast for global…
Read More
Final GST Rate Change Effective 01 January 2024-What does this mean for your Business In his Budget 2022 Speech, Deputy Prime Minister and Minister…
Read More
Singapore Standards in Auditing (SSA) 600 Special Consideration – Audits of Group Financial Statement Effective 15, December 2023, the revised Singapore Standards in Auditing…
Read More
Singapore has been called by many names in the economic and business sector – the most digitally competitive economy in Asia, the best in the world for doing…
Read More