2018 Singapore Accountancy and Audit Convention Series
2018 is a year of change for the accountancy profession. We must prepare ourselves for the adoption of two important accounting standards – FRS 115: Revenue from Contracts with Customers and FRS 109: Financial Instruments, and full convergence with the International Financial Reporting Standards (IFRS). In 2018, for the first time, Singapore-listed companies will have to publish a sustainability report on a “comply or explain” basis. The emergence of new technologies, especially those impacting the accounting and auditing functions, has brought about a pressing need for the profession to learn new skills and adopt new tools, to remain competitive.
At ISCA, we endeavour to keep the profession abreast of the latest technologies and developments in all areas. ISCA will deliver the 2018 Singapore Accountancy and Audit Convention Series, which will comprise four conferences targeting different areas from March to November.
• How will the proposed Budget 2018 measures impact ISCA members and their businesses?
• What are the top 5 things ISCA members ought to know about Budget 2018?
• What can ISCA members do to align their businesses to move forward amidst the opportunities and risks ahead?
Against the backdrop of Singapore’s continuing need for transformation to remain competitive, Singapore Budget proposals to enhance the nation’s economy will involve national policy changes, developments and schemes arising from planned Government revenue and expenditure for the upcoming financial year. The event will be facilitated by a distinguished panel of experts from various industry segments, who come from diverse backgrounds to discuss the impact of the Singapore Budget collectively.
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President, Institute of Singapore Chartered Accountants (ISCA)
Presentation on the 2018 Budget Update and its Tax Implications
by Prof Sum Yee Loong
Professor of Accounting (Practice), Singapore Management University (SMU)
Presentation on the Economic Outlook and Analysis of 2018 Budget
by Mr Suan Teck Kin
Head, Global Economics & Markets Research
United Overseas Bank Group
Panel Discussion / Question & Answer
Moderator: Mrs Chung-Sim Siew Moon, Partner & Head of Tax, Ernst & Young Solutions LLP
Panel of Speakers
Mr Simon Lim, Group Director, Partnerships & Incentives, SPRING Singapore Mr Suan Teck Kin, Head, Global Economics & Markets Research, United Overseas Bank Group Prof Sum Yee Loong, Professor of Accounting (Practice), Singapore Management University (SMU) Mr Kurt Wee, President, Association of Small & Medium Enterprises (ASME)
The Practitioners Conference is the Institute’s flagship event for public accountants and experienced audit professionals in small and medium-sized practices (SMPs). With the evolving business environment, escalating levels of regulatory governance and substantial changes in professional standards, it is imperative for SMP practitioners to stay abreast of the developments. Amongst others, the main objective of the Conference is to bring to the forefront recent hot-button topics and issues in accounting, auditing, technology, cybersecurity, etc. which are relevant to the SMP practitioners, and impart insightful knowledge to them.
The PAIB Conference is the Institute’s flagship event for PAIBs, both in commercial companies and the public sector. As business landscape becomes more globalised and increasingly complex, the accounting and regulatory requirements will likewise evolve. Against this backdrop, this Conference aims to update the PAIBs of the latest hot topics in areas of accounting, ethics and technology. Beyond the technical aspects, the Conference is also a good platform for PAIBs from different industries to network and exchange knowledge and views.
For this event, we are expecting overseas delegates from countries such as Malaysia, Hong Kong, Australia, USA, UK, and more.
The rapid evolution of technology in advanced markets like USA and UK has seen innovation developing at a quicker pace. How is the profession in Singapore and the ASEAN coping with the pace of technology changes?
Despite the hunger to tap into technologies, the lack of customised solutions is lagging due to the small size of the Singapore market. To expose our Singapore and regional accounting profession to more cutting-edge technology solutions, we bring to the profession, an inaugural technology conference to feature accounting and finance solutions. At the break-out tracks, there will be 30-minute sessions on speed dating with technology where solution partners can offer a glimpse of their solutions to participants and invite them to discover more at the exhibition showcase.