The Statement of Financial Position, often referred to as the balance sheet, is a core financial statement that details a company's financial standing at a specific date. For Singapore companies, this statement is prepared in compliance with the Singapore Financial...

Financial reporting is the backbone of business transparency and accountability in Singapore's dynamic economic landscape. For any company operating here, from a promising local startup to a major multinational corporation, understanding this process is essential. It's more than just a...

What Businesses Need to Know in 2025 Financial reporting standards are continually evolving to meet the demands of transparency, accountability, and comparability in today’s complex economic environment. Among these, International Financial Reporting Standards (IFRS) play a pivotal role for organisations...

In 2025, the integration of Artificial Intelligence (AI) and automation in accounting and audit processes is not just a tech trend but a fundamental shift reshaping how accounting firms in Singapore and globally operate. This transformation is delivering remarkable improvements...

Singapore has long been lauded for its pro-business environment, but this also means a dynamic regulatory landscape that businesses, particularly in Accounts Payable (AP), must meticulously navigate. Staying abreast of the latest Singapore-specific regulations and compliance requirements is not merely…

Navigating Recent Reforms and Anti-Avoidance Measures Singapore continues to strengthen its position as Asia’s premier business hub through strategic tax reforms that balance competitiveness with international compliance. The past few years have witnessed significant changes in corporate income tax policies,...