ACRAConnect April 2017 April 28, 2017 New guide to help investors understand audit reportsACRA Elected to Board of Global Forum for Audit RegulatorsLatest BizFinx Preparation Tool ReleasedDeep Dive Session for Audit Committee Members on FRSP and AQIsFree Data Analysis Tool for Firm Comparisons Enhanced
Recognition of ISCA PE modules under the Singapore CA Qualification (Foundation) April 17, 2017 Singapore Accountancy Commission (SAC) has approved the recognition of completed ISCA PE modules under the Singapore CA Qualification (Foundation).
Country-by-Country Reporting (CbCR) April 13, 2017 Country-by-Country Reporting (CbCR) is a form of reporting by multinational enterprises (MNEs) initiated by the Organisation for Economic Co-operation and Development (OECD) in the Base Erosion and Profit Shifting (BEPS) Action 13 Report. In keeping with Singapore’s commitment to implement certain measures under the BEPS Project, Singapore-headquartered MNEs meeting certain conditions are required to prepare and file CbC Reports to IRAS for financial years (FYs) beginning on or after 1 Jan 2017.
SPRING partners ISCA in LEAD Programme April 12, 2017 SPRING partners the Institute of Singapore Chartered Accountants (ISCA) under the Local Enterprise Association Development (LEAD) programme to drive transformation in the accountancy sector. Find out how this initiative will help accountancy SMEs adopt technology, build capabilities and skills, and regionalise.
SGD 20m Set Aside for First-time Entrepreneurs April 10, 2017 Startups in Singapore can look forward to more support in developing innovative ideas and scaling up. This includes grants and investment funding under Startup SG Founder and Startup SG Equity respectively. This was announced by Minister of State for Trade and Industry, Dr Koh Poh Koon, on Wednesday.
Personal Data Protection Act April 10, 2017 The PDPA establishes a data protection law that comprises various rules governing the collection, use, disclosure and care of personal data. It recognises both the rights of individuals to protect their personal data, including rights of access and correction, and the needs of organisations to collect, use or disclose personal data for legitimate and reasonable purposes.
Reciprocal Membership Agreements with ICAEW and ICAS April 4, 2017 ISCA Signs Agreements with ICAEW and ICAS Respectively to Establish Reciprocal Memberships
GST on Motor Car Expenses April 3, 2017 GST Guide on Insurance: Cash Payments and Input Tax on Motor Car Expenses (Second Edition)
Register of Registrable Controllers April 1, 2017 With effect from 31 March 2017, companies, foreign companies and LLPs (unless exempted) will be required to maintain beneficial ownership information in the form of a register of registrable controllers, and to make the information available to public agencies upon request.
ACRAConnect March 2017 March 31, 2017 Bringing You the Latest Bites on Corporate sand Audit Regulatory Developments