Quarterly E-Newsletter January 2020

A Message from the Managing Partner

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Mr Helmi Talib, Managing Partner of the Helmi Talib Group

With the refreshed energy a new year brings, I find it necessary to analyse the progress made in the previous year and plan for the opportunities that lie ahead. The first step to success certainly begins with focusing on what needs to be done to move forward.

As a rapidly growing accounting firm, continued effort on the international forum is paramount to making a mark in this industry. This past year, we had the honour of being the hosting member for IAPA’s 2019 International Conference held in Singapore. In addition to being able to entertain the delegates, we made valuable connections in the ever­growing international network; and look forward to partnering with them in the near future.

Keeping in line with the rapidly advancing changes in technology and digitalization, we are pleased to have introduced the Smart Cursor Systems to improve the operational and managerial competency at our company. Training will continue to be offered to assist the team members in familiarizing themselves with the change in systems to help foster and encourage an environment of continuous learning.

The Helmi Talib Group have made significant progress in terms of global expansion, with our Manila office set to open its doors in March 2020, aiming to ensure that we produce the best results with our services in Accounting, Audit, and Advisory.

We hope to welcome 2020 with rejuvenated vigour and a continued persistence to put our client’s interests at the heart of everything we do! I have full faith that our dedicated team of qualified auditors and consultants will deliver nothing but the best.

Wishing you all a Happy New Year!

Mystery Night Out!

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Staff of the Helmi Talib Group at Freeing Singapore

The members at the Helmi Talib Group enjoyed a memorable night out at FreeingSG on October 17, 2019 as they put their heads together to solve the challenging puzzles of the escape room.

Split into 5 teams, the HT family competed against each other in a race of the minds, with Alex Chong, Yuen Hao, Sam Chang, Sharon Koh Tze Wei, and Jia Huan bagging the winning prize.

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First prize winners of the Escape Room

Thank you for a fun evening, Freeing Singapore!

IAPA 2019 International Conference

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Staff of the Helmi Talib Group along with other delegates at the IAPA 2019 International Conference.

As an active member of the International Association of Practising Accountants, Helmi Talib & Co had the honour of being a hosting member of this year’s IAPA 2019 International Conference held at the Grand Hyatt, Singapore on the 20th­24th of November 2019.

The four­day event commenced with pre­conference tours organized by our HT Corporate Pte Ltd members Rocel and Cassandra (in collaboration with Fiduciary Asia) who put their best foot forward to create a memorable and pleasant experience for more than 100 delegates from 40 global professional service firms, travelling from 24 countries to celebrate IAPA’s 40th Anniversary.

The conference was a great chance for the team at Helmi Talib & Co to interact with industry­experts from the field of accounting and law as well as meet new members. Technical sessions and informative presentations on International Business Relations, Corporate Finance, and Talent Management among others, were interspersed with lively cultural performances, evening dinners, and exciting tours of the city; making the entire conference an especially memorable event for both the delegates as well as the organising members.

Thank you to all at the Helmi Talib Group who came together to make this event a grand success!

Time to Wind Down­ A Journey to Cambodia

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Staff members all set to begin their journey!

Keeping in mind the age­old proverb, “All work and no play makes Jack a dull boy”, 45 members of the Helmi Talib Group got the time to wind down and relax as the year came to an end by visiting the mesmerizing city of Siem Reap, Cambodia!

During this four­day fun filled trip, spanning from the 1st­4th of November 2019, our team got to explore the heart of Angkor Thom, while indulging in the authentic cuisine and cultural landscapes of mulberry fields, traditional floating markets and serene lakes.

Our final night saw laughter and excitement as we dressed in costumes of white laced with neon accessories for an evening of Dinner and Dance, representing the theme “Glow with the Flow”. Mari Jane, Audit Partner at the Helmi Talib Group, recounts her experience, “Winning the Best Dressed Prize was definitely an exciting and memorable part of this trip. I especially liked the one­minute game concept as it brought the members together in participation, and we were able to unite as a stronger family.”

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Mary Jane wins D&D Best Costume Prize

Thank you once again to the Helmi Talib & Co’s Sports and Recreation Club, better known as HTSRC, who put their heads together to create a wonderful and incredible journey!

Festive Season is Here!

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Staff members enjoying a hearty buffet at the Holiday Inn.

The Helmi Talib Group welcomed the holiday season with festive cheer and a hearty lunch at the Holiday Inn, where 47 members of the team came together on the 17th of December 2019, to celebrate a joyous Christmas and a Happy New Year!

Coincidentally, the day was a doubly special one with celebrations in the air on account of Mr. Helmi Talib’s birthday! Our December babies got to enjoy a sumptuous buffet, topped with games and fun.

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A Celebratory Evening!

All in all, the day ended with full bellies and a memorable evening spent with our colleagues and their families!

The Challenges in the Audit of Less Complex Entities

Increasingly complex audit standards are overkill for less complex entities (LCEs). There is a lack of clarity and different interpretations as to what and how certain matters are documented. This complexity has led some jurisdictions to develop their own initiatives. However, some industry experts are of the opinion that fragmentation of the international approach would not be in the public interest as comparability will be lost.

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InTheBlack.com Article: Challenges in the Audit of Less Complex Entities
Published: 20 December 2019
Source: https://www.intheblack.com/