What Is Group Consolidation and Why Does It Matter? Group consolidation refers to the process of combining the financial statements of a parent company with its subsidiaries into a single set of financials, usually for: External financial reporting (e.g. IFRS/FRS…
Singapore has taken a major step to strengthen its corporate governance landscape with the introduction of the Corporate Service Providers (CSP) Act. Although the Act was passed and commenced on 28 June 2024, full enforcement and compliance will begin on…
Singapore Work Permit Changes 2025 Singapore is implementing major work permit reforms in 2025 to strike a balance between welcoming foreign talent and protecting opportunities for local professionals. These updates affect Employment Pass (EP) and S Pass holders, and introduce…
Why Financial Due Diligence is Crucial Before Acquiring a Business Acquiring a business can be a strategic way to grow — but without proper financial due diligence, it can also become a costly mistake. Many deals look good on the…
What to Expect During a Tax Audit and How to Prepare for It A tax audit can be an intimidating experience for any business — even those with nothing to hide. Whether you operate in Singapore under IRAS or in…
The Real Cost of Non-Compliance In today’s regulated business environment, compliance is not optional — it’s a necessity. Yet many businesses underestimate the real cost of non-compliance until it’s too late. Whether it’s a missed statutory deadline, failure to maintain…
Top 5 Myths About Financial Audits – Debunked by an Audit Partner Financial audits often carry a reputation for being stressful, expensive, and overly complex. As an audit partner who has worked with businesses across Singapore and Malaysia, I’ve encountered…
Audit Trail Best Practices: Why Every Business Should Care In an era of increasing regulatory scrutiny and digital transformation, maintaining a proper audit trail is no longer optional — it’s essential. Whether you’re a startup, SME, or large enterprise, a…
Common Audit Red Flags and How to Avoid Them in Your Business In today’s regulatory environment, businesses must be more vigilant than ever when it comes to their financial records. During an audit, certain “red flags” can trigger deeper scrutiny…
Monthly vs. Quarterly Bookkeeping: Which Is Right for Your Business? Bookkeeping is the backbone of sound financial management, especially for small and medium-sized enterprises (SMEs) in Singapore. Whether you’re just starting out or looking to streamline your operations, choosing the…
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