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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…
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.…
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 (SSA) 600 Special Consideration – Audits of Group Financial Statement Effective 15, December 2023, the revised Singapore Standards in Auditing…
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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…
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Benefits of Mergers and Acquisitions – Is It Time for Your Business? With unpredictable market behaviour these days, how a business performs is unknown. As…
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Accounting standards are developed in the public interest to support a country’s corporate governance and financial reporting framework. This extends to most parts of the…
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Starting 1st January 2020, consumers and businesses who buy imported services from overseas suppliers with no establishment in Singapore will have to pay goods and services…
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All materials have been prepared for general information purposes only. The information presented in this document is not legal advice, is not to be acted…
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All materials have been prepared for general information purposes only. The information presented in this document is not legal advice, is not to be acted…
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The Helmi Talib Group is pleased to announce our newly constituted Internal Audit & Risk Consulting Department, headed by Ms Sue Hui who will be…
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We are pleased to announce the appointment of Jaypee Bautista as an Audit Partner of the firm, effective 01 July 2021. Having worked for more…
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All materials have been prepared for general information purposes only. The information presented in this document is not legal advice, is not to be acted…
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