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EP 200 Implementation Guidelines (IG) 1 on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) Compliance
The Institute of Singapore Chartered Accountants (ISCA) has recently issued Ethics Pronouncement (EP) 200 Implementation Guidelines (IG)1. The guidelines provide practical know-hows for professional accountants in Singapore to ensure compliance with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) requirements. It clarifies key obligations, outlines risk-based approaches, and helps firms implement effective safeguards…
Singapore Opportunity Index: Driving Real Workforce Progress in Singapore and Beyond
For years, particularly in the Accounting industry, attracting and retaining talent has always been a challenge for most, if not all, firms. Singapore Opportunity Index (SOI), recently developed in partnership with Singapore’s Ministry of Manpower, the Burning Glass Institute, and the Singapore University of Social Sciences, aims to delve deep into the factors that drives…
Upholding Integrity: Key Takeaways from MAS’ Recent Enforcement Actions
Singapore prides itself on its stringent financial controls and regulatory oversight, which make it an attractive hub for business expansion and foreign investments. The Monetary Authority of Singapore, the body that oversees all financial functions, whilst ensuring the integrity, stability, and efficiency of Singapore’s financial systems, has been actively enforcing actions on breaches of…
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…
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…
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…
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…
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…
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.…
The proposed ISSA 5000 is designed to be a comprehensive and independent standard applicable to limited and reasonable sustainability assurance engagements. The proposal is…
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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…
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Singapore Budget 2024: Insights and Support Measures for the Year and Beyond Budget 2024 is all encompassing as it tackles immediate uncertainties in the…
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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…
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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…
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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…
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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…
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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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