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 continue providing value-adding, client-centric services.
Industry Footprint
Strengthening Small and Medium Sized Practices (SMPs) Taskforce
The Firm’s Managing Partner, Mr. Helmi Talib was assigned as the co-chairperson for the Institute of Singapore Chartered Accountants’ (ISCA) Taskforce to Strengthening Small and Medium-Sized Accounting Practices (SMPs) in Singapore.
With SMPs accounting for over 90% of Singapore accountancy landscape and are responsible for providing essential financial services to Small and Medium Enterprises (SMEs), it is imperative to keep these businesses relevant and resilient amidst the rapid changes in market dynamics.
Singapore’s Accountancy Market
Singapore’s dynamic accountancy market was featured in the International Accounting Bulletin and the Firm’s Managing Partner shared his insights on how SMPs are elevating their way of work to remain adaptive and relevant amidst the growing competition.
Institute of Singapore Chartered Accountants (ISCA) Annual Dinner
Our team was in attendance during the Institute of Singapore Chartered Accountants (ISCA) Annual Dinner— a networking event for industry practitioners in Singapore. This served as a platform for us to keep abreast of the latest in the industry and exchange insights with our fellow professionals to propel our and remain relevant.
Innovating our Way of Work
ISCA Tech Fair
We’re on a continuous pursuit of innovation. In such endeavours, we make sure that we puts emphasis to its impact to our clients, our service delivery and our people.
Our Team headed over to the ISCA House for an experiential day gaining valuable insights into the latest innovations in audit, accounting, cybersecurity, quality and practice management, and corporate secretarial sectors.
Our Approach to Elevating Our Practices
Our recent membership with Kreston Global has revolutionalized the different facets of the Firm— from our client relations, our service delivery, and our people. We talked to representatives from our different departments and they shared how the insights we gained from the network is transforming our way of work and how this impacts our stakeholders.
Important Updates on Sustainability Standards
Sustainability-related updates on the international reporting standards and sustainability assurance are released. Whilst implementation in Singapore isn’t yet in effect and only listed and large non-listed entities are required to adopt such measures for now, early access offers businesses a strategic advantage to prepare for a seamless transition by gradually integrating the standards into their sustainability reporting.
International Financial Reporting Standards: Sustainability Disclosure Standards S1 and S2
With the ever-growing need for sustainability reporting, the International Sustainability Standards Board (ISSB) has released the IFRS Sustainability Disclosure Standards to aid businesses in meeting their investors’ needs.
Proposed International Standard on Sustainability Assurance (ISSA 5000) – General Requirements for Sustainability Assurance Engagements
The proposed ISSA 5000- General Requirements for Sustainability Assurance Engagements is expected to be approved by the end of 2024. Aimed at helping businesses provide reliable and transparent sustainability disclosures, the standard will be a useful guide to boost stakeholder trust and improve decision-making amongst business leaders. Learn more about the standard.
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