Institute of Singapore Chartered Accountants (ISCA)

✍ ISCA has issued ‘EP 100 IG 4 (Revised 2024) – Clarification on Public Interest Entities in Singapore’ to clarify on entities, including financial institutions, that would be considered as public interest entities (PIEs) in Singapore. Six new FAQs have been added to EP 100 IG 4 (Revised 2024), including guidance on whether the following would be a publicly traded entity or another category of PIE in EP 100 (revised on 8 August 2024): 🎯 an entity issuing bonds listed on Singapore Exchange 🎯 any entity in the process of listing 🎯 a business trust or real estate investment trust 🎯 a charity 👉 Find out more: https://lnkd.in/ggzSSNn4 #ISCA #DifferenceMakers #Accounting #Accountancy #Finance #PublicInterestEntity #Ethics Chin Chin Eng | Lorraine Chay | Vivienne Chiang | Shian Goh | Teik Tiong, Gregory Ho | Khairil Suhairee | Yew Cheong Khong, FCPA (Aust.), CA ANZ | Lee Bee Leng | Michelle Liew | Lim Tze Yuen | Amos Ng, FCCA | Lisa Ooi | Premila Gowri Shankar | E-Sah Woo | Shea Leen Woo | Karen Lim | Ng Meow Ling | Jake Yeo | Caroline Lee Terence Lam | Alice Tan | Jezz Chew | Shi Zhen Ng | Donaphan Boey | Wang Zhumei | Felicia Tay

Getting confirmations in “black and white” is second nature to most of us. But in Indonesia, no news might actually be good news – especially for tax appeal cases! If the Directorate General of Taxation doesn’t respond in time within 12 months, your objection petition is deemed granted. ✅ With Singapore being a popular head office location, professionals have a pivotal role in helping navigate the intricate regional tax landscape. This article shares insights into Indonesia and Malaysia's tax system and appeal process to better manage strategies, ensuring compliance, and mitigating risks. 🔗 Read more on CA Lab: https://lnkd.in/g6dwSUf4 #ISCA #TaxStrategies #TaxCompliance #TaxProfessionals #CALab Pauline Chee | Jacqueline Lui | Terence Lam

ISCAccountify, Boardflix, and SCAQ are on their way to Mauritius! 🇲🇺 We were thrilled to have met Mr. Sin Li, Chairperson of the Mauritius Institute of Professional Accountants (MIPA), during the networking sessions at the IFAC Council Meeting in Paris. Our discussions continued online and led to a productive lunch over local delights here in Singapore. 😉 🙏 A big thank you to Mr. Sin for travelling all the way to Singapore to visit us. We’re excited to bring our innovative platforms and programmes to accountants in Mauritius. Stay tuned for the arrival of ISCAccountify, Boardflix, and SCAQ! #ISCA #DifferenceMakers #CharteredAccountantsInTheMaking #Accounting #Accountancy #SCAQ #DiverseCareers #CharteredAccountantOfSingapore #CASingapore Zoey Xie | David Yeong | Kacie Yang | Jeang Meng Chen FCCA | Melissa Meishan Wu

We’re unplugging from 24 December (afternoon) to 1 January to recharge our batteries and come back energised for 2025! 🎇 During this period, please note ISCA House will be closed, and our hotline will be unmanned. Online transactions and resources will remain available, but email responses will be delayed.   We'll be back in action on 2 January, all ready to tackle the new year with you. 🍾✨   Until then, have a holly jolly holiday season. See you next year — refreshed and ready! 😎

“Being a #CASingapore has helped me find my calling. After polytechnic, I took up the challenge of taking accounting papers. To my surprise, I passed all five Accounting Level 1 papers within six months. I decided to continue with Level 2 and 3 and completed the course within 2.5 years! 📚 During my time as an accountant, I became acquainted with Enterprise Resource Planning solutions such as Oracle and Peoplesoft. My passion for 💻 software implementation grew quickly, and I began my journey as a Business and Application Consultant, progressed through various roles and eventually became a Managing Director at a Fujitsu Subsidiary. After nine years at Fujitsu, I was retrenched during the Global Financial Crisis. It was a very stressful time. It was then that I decided to pivot, using my knowledge and skills gained from accounting to identify gaps in the market. Through working with my clients, I realised that all of them needed more dynamic business solutions to meet their operational needs. This insight sparked the founding of Xintesys, where we focus on enhancing the accounting and operational aspects of businesses — an area where my accounting background truly gave me an edge as an accelerator to succeed in entrepreneurism and other associated skillsets. 🌟 Together with my team, we are now developing a platform to automate how we engage with clients and employees, enabling us to focus on creating job opportunities for people from all walks of life, especially those balancing family, studies, and work.” --Ruxin Shi, CA (Singapore), Founder, Xintesys 🚀 Join us as a member to propel your career and realise your #accountancy dreams: https://lnkd.in/gKJN44Am #ISCA #DifferenceMakers #Accounting #OurISCACommunity #CharteredAccountantsinthemaking #SCAQProgramme #SCAQ #DiverseCareers #CharteredAccountantOfSingapore #CASingapore

📢 We will be upgrading the SCAQ candidate portal from 1 January to 19 January 2025. During this time, SCAQ candidates will not be able to enrol for exam modules, make annual candidature fee payments or submit RPECs. As such, current candidates are strongly encouraged to download learning materials, invoices/receipts and SCAQ transcripts before 1 January 2025. New candidates will only be able to enrol for SCAQ exams from 20 January 2025 onwards. Please contact the SCAQ team at (65) 6749 8060 or [email protected] if you need any assistance! 😊 #ISCA #DifferenceMakers #CharteredAccountantsinthemaking #Accounting #Accountancy #SCAQ #SCAQProgramme #DiverseCareers #CharteredAccountantOfSingapore #CASingapore Wei Luo Tan | Jeang Meng Chen FCCA | Melissa Meishan Wu | Cheryl Quek | Patrick Yu | Lucas Lee | Darius Tay | Chloe Tan | Eileen Ng | Judy Chen | Sherry Wong | Jasmine Ang | Serena Lee

🌟 The ED includes proposals to update International Financial Reporting Standards (IFRS)19 (a new reduced-disclosure framework for eligible entities) with reduced disclosure requirements for new or amended IFRS versions that are issued between 28 February 2021 and 1 May 2024, namely IFRS 18, IAS 7, IAS 12 and IAS 21. We are supportive of this approach of updating IFRS 19 by the International Accounting Standards Board (IASB). ✍️ We note the IASB’s decision of not including disclosure objectives in IFRS 19 is to avoid the perception that entities are required to provide same disclosures as when they have not applied IFRS 19. However, the absence of overall disclosure objectives may result in entities perceiving the disclosure requirements in IFRS 19 as a checklist. 📝 Hence, we recommend the IASB to include the guiding principles in paragraph BC 33 of IFRS 19 to explain the rationale behind the disclosure requirements, aiding in better understanding of their context. 🔗 Read full comment letter here: https://lnkd.in/gW5rBUJV #ISCA #DifferenceMakers #Accounting #Accountancy #Finance #FinancialStatements Terence Lam | Alice Tan | Jezz Chew | Shi Zhen Ng | Donaphan Boey | Wang Zhumei | Felicia Tay

ISCA sends our heartfelt congratulations to ISCA Council Member Him Chuan LIM on his new appointment effective 1 January 2025! 🌟🎉   Him Chuan will be appointed as Singapore Country Head of DBS Bank and will continue to be a member of the DBS’ Group Executive Committee. In his 23 years at DBS, Him Chuan has worked across geographies, as well as in a mix of business and risk management functions. We look forward to his continued excellence for the industry. 😊 #ISCA #DifferenceMakers #Accountancy #Accounting #CASingapore #CharteredAccountantOfSingapore

🌍 What an absolutely unforgettable evening at our ISCA Dinner and Dance with our staff celebrating with the theme “ISCA Goes Global!" ✈️💃   The atmosphere was electric as our amazing staff transformed into a dazzling array of cultures from around the globe with their stunning costumes! From traditional attire to modern twists, every outfit told a story and truly brought our vibrant theme to life! 🌎🎉   The excitement didn’t stop there! Our lucky draw winners took home some incredible prizes, adding an extra layer of thrill to the night! 🏆🎁 Laughter and joy filled the air as we danced the night away, celebrating the diversity and unity that makes ISCA so special.   Let us all close the year on a high and look forward to more amazing moments together! 🥳✨🌐   #ISCA #DifferenceMakers #Accountancy #Accounting #ISCAStaffWellBeing #FunAtISCA

Earlier this year, the Accountancy Workforce Review Committee (AWRC) published a report exploring ways to revitalise the Accounting sector, including evaluating pay structures. Just two months ago, we concluded our survey on salary adjustments, gathering over 200 responses from SMPs. 📊   Join us at our Practitioners Connect on 13 February 2025 as we dive into the survey findings, led by the ISCA Public Accounting Practice Committee (PAPC)! This is a great opportunity to understand what these findings mean for your firm and engage in meaningful discussions with fellow SMPs. 🤝 📅 Date: 13 February 2024 (Thursday) ⏰ Time: 5:00 PM - 7:00 PM 📍 Location: ISCA House, Level 1 🔍 Topic: SMP Survey Results on Salary Adjustment 👉 Mark your calendars and RSVP today: https://lnkd.in/gcbYDN2K   Stay tuned for more updates on the event details! ✨   Also, check out our previous post on the AWRC updates:  https://lnkd.in/gGycEGWQ #ISCA #SMPCentreofExcellence #DifferenceMakers #Accounting #Accountancy #SMPSurvey #ISCAPractitionersConnect #Networking Eng Kian Lee | Vivienne Chiang | Philip Aw | Rick Chan | Alan Chang | Chee Siew Fai, FCCA, MSID | Alfred Cheong | Cheong Kum Foong | Tan Lye Heng Paul | Zenith Kew | Andrew Lim | Yeong Seng Lim | Helmi Talib | Li Ling Teo | Yvonne Au   Qiu Lin Fua | Isaac K Kuan | Tingwen Yap | Orlena Yew | Emily Lim | Winston Lai | Goh Jin Kang