|6 November 2019||
ISCA Breakfast Talk –Transforming SME financing using ML and AI
Recent changes in the lending space where MAS has announced it acceptance for digital bank licenses has disrupted the brick and mortar financial space. AI also played an instrumental role in transforming lending to bridge the SME financing gap.
In this session, you will be able to learn:
ISCA Breakfast Talk - How Finance can Become Better Business Partner
In this session, Mr Erik Saito from Workiva explains methods of developing successful business partnerships and how to uncover the true value of the accounting and finance functions. Participants were enlightened on how to take active steps to elevate the strategic value of their work and activities.
ISCA Breakfast Talk - Risk Management in Today's Evolving Electronic Payments World
In this session, Mr Foo Chit Leong and Mr David Ng from OCBC Bank illustrated the risks and lapses with real-life cases and shared the best risk management practices in today’s evolving electronic payments world. The speakers also emphasised the need for individuals to be aware of the risks and comply with the organisation’s controls, as often humans are the weakest link.
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ISCA Breakfast Talk - City-Shaping and Nation-Building—How Infrastructure will Drive Prosperity and Opportunity for Southeast Asia
Southeast Asia is facing unprecedented demands for new projects to improve living standards and create opportunities for the hundreds of millions of people in the region. In this session, our speaker from EY explained what this demand means for regional development in terms of future projects, and how cooperation between governments and industry will be critical to delivering them.
ISCA Breakfast Talk - Beyond the Boardroom: Why Strong Internal Controls are Important for Businesses Today
In this talk, our speaker from Nexia discussed on the key areas and processes that are useful in setting up new or enhancing existing internal controls, some common areas of improvement that can be undertaken by the finance team, as well as practical challenges faced when implementing internal controls, particularly for smaller companies.
ISCA Breakfast Talk - Lessons Learnt from the COI findings on the SingHealth Cyber Attacks
A summary of key takeaways from the COI Report were presented in this session with our speaker from PwC sharing their perspectives and recommendations on the immediate actions that organisations should take to level up their cyber defence based on the lessons learnt from the SingHealth incident.
ISCA Breakfast Talk - Investment Positioning – Proven Strategies to Attract Investors
The speaker from Light Bulb Advisory shared on how businesses can position themselves differently from others and communicate its value to attract potential investors to invest.
ISCA Breakfast Talk - Keeping your data secure for your day to day business
Cybersecurity has always been important. But the growing stream of recent large-scale attacks in the past year driven more urgency around this topic today. This session looks at ways to improve defence against the Cyber Threats and reduce risk for the business.
ISCA Breakfast Talk - Alternative Financing
In this session, speaker from Funding Societies deep dived into Peer-to-Peer Lending aka Debt Crowdfunding, and how it can aid SMEs during various tight cash flow situations. This allowed participants to learn more about the concept of crowdfunding and how it can possibly help to increase their client's working capital to further scale their business.
ISCA Breakfast Talk - Tax Snapshot – Tax impact on businesses from the adoption of various accounting standards
A general overview of the tax treatment arising from the adoption of various accounting standards and how the tax treatment could have a potential impact in terms of the tax costs and compliance burden for businesses.
ISCA Breakfast Talk - Machines Are Hungry: Do You Have the Right Data to Feed Them?
Data can be the deal breaker in organisations when it comes to structuring & interpreting inconsistent data points. Does your organisation have the right data management in place to access the type of data?
ISCA Breakfast Talk - Robotic Process Automation in the Transformative Age
Shared with our participants on Robotic Process Automation, one of the fastest rising technologies in the digital world..
ISCA Breakfast Talk - Private Equity and Debt
An overview on the different types of funding available in private equity and private debt as well as the processes, key concepts and structuring issues.
ISCA Breakfast Talk - Cybersecurity Risk Considerations in a Financial Statements Audit
ISCA launched a guidance titled ‘Cybersecurity Risk Considerations in a Financial Statements Audit’ on 1 June 2018. Produced by ISCA with contributions from PwC Singapore, this publication demonstrates how cybersecurity risk and cyber attacks can impact an entity’s financial statements and its related audit.
ISCA Breakfast Talk - Dealing with Increased Reported Economic Crime
Speakers from PwC Singapore shared the findings of their biennial Global Economic Crime and Fraud Survey and how Singapore can do better in combating fraud
ISCA Breakfast Talk - The Challenges of Modern Financial Reporting
Financial reporting continues to be a major challenge for most finance teams due to reasons such as the need to integrate multiple data sources..
ISCA Breakfast Talk - Unlocking Cash Flow in your Working Capital
The Singapore Working Capital Study 2017 (by PwC and Spring Singapore) showed that SMEs were struggling year-on-year to manage their liquidity positions..
ISCA Breakfast Talk - Developing Effective Financial Forecasts
Gathering data manually from multiple systems, wrestling with big, error-prone spreadsheets, investigating plan variances can be time consuming..
ISCA Breakfast Talk - Building Financial Models for Decision Making
The concept of financial models was examined to see how an effective financial model can be quickly built to meet business needs..
ISCA Breakfast Talk - ISO 37001 Anti-Bribery Management Systems
How are companies defending themselves against bribery and corruption during economic uncertainty?..
ISCA Breakfast Talk - Understanding Cryptocurrencies and their Investment Risks & Potential
This session looks at questions surrounding cryptocurrencies, such as the nuances between the different currencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple. Understanding the driving force behind their meteoric rise in value and the terms and the risk of investing in cryptocurrencies and participation in ICOs.
ISCA Breakfast Talk - Grasp The Essence of Key Tax Changes/Impact
From new transfer pricing legislation to tax treatments arising from the new Financial Reporting Standards, not forgetting the myriad GST updates and developments such as in the area of customer accounting for prescribed goods...
ISCA Breakfast Talk - A Walkthrough on the Implementation of Analytics (Part 3 of Data Analytics Series)
In the last of the three-part series on Data Analytics jointly organized with PwC Singapore, ISCA members who attended, heard from James Larmer, Data & Analytics Leader, Southeast Asia, PwC Singapore, the common challenges of implementing analytics and how to overcome them.
ISCA Breakfast Talk - Transforming Data into a Powerful Strategic Tool (Part 2 of Data Analytics Series)
Data is a vast and growing asset that many businesses are challenged to transform into a powerful strategic tool. Many types of data reside within the finance office's functional area...
ISCA Breakfast Talk - Building a Data-Enabled Business
ISCA is collaborating with PwC Singapore to roll out a 3-part series on the topic of data analytics. The first installment of this series shines a spotlight on Data Governance – the first step of any data & analytics journey...
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ISCA Breakfast Talk: Beyond the Numbers - Your Role in Crisis Management
The session provides an overview on crisis response and resilience that is relevant in today's volatile business environment. To ensure continuity in the event of a disaster, organisations will require a comprehensive and clear strategy for timely and coordinated response across the entire organisation. As the "guardian of the books" for your organisation, what would that mean for you and what does it take to stay prepared?
ISCA Breakfast Talk - The Future Economy – Preparing Accountants in the Global Game of Change
In the recent ISCA Breakfast Talk, themed "The Future Economy – Preparing Accountants in the Global Game of Change", ISCA members heard from Mr Sarjit Singh, who served on the Singapore government-appointed Committee on the Future Economy (CFE) - Legal and Accounting Services Working Group. Through this talk, Sarjit shared his thoughts on some mutually-reinforcing strategies and the three elements which he believes are essential to an accounting professional to navigate in the game of change and to be the pioneers of the next generation, namely - Building a Strategy; Finding the Alignment; and Developing Future-Ready Skills
ISCA Breakfast Talk - An Introduction to Forensic Accounting
ISCA members learnt about the role of a forensic accountant in dispute resolutions and the services provided, such as litigation support & digital forensics in an interesting session with Mr Abuthahir Abdul Gafoor, Executive Director, RSM Corporate Advisory Pte Ltd. For a more in-depth session on Forensic Accounting, join us at the inaugural ISCA Financial Forensic Conference on 28 September 2017 to gain insights on white-collar crime investigation, and find out how accountants could partner other stakeholders to fortify businesses. For more details, visit www.iscaffc.sg
ISCA Breakfast Talk - The Road Ahead - Market Outlook and Managing Risk in H2-2017
ISCA Breakfast Talk - Next Generation Finance - Integrated Business Planning
Leading companies around the world are moving from rigid, annual budgeting cycles to flexible Integrated Business Planning and forecasting. Is IBP finally becoming a reality?
ISCA Breakfast Talk - Transformation to the Cloud - A Risk-Driven Approach
Enterprises are increasingly adopting the cloud to modernize their current IT asset base and to prepare for future needs. Some are taking the plunge by picking up mission-critical applications to move to the cloud for maximum impact, while others are picking less critical applications as a proof-of-concept to their line of business for providing them savings in capital expenses while retaining performance, security, reliability that business demands. Join us to understand why it is crucial to embrace such new technologies and how you can take a risk-driven approach in your journey to the cloud.
ISCA Breakfast Talk – Introduction to New Leases Standard
On 30 June 2016, ASC issued FRS 116 Leases, effective on annual period beginning on or after 1 January 2019. This new leasing standard introduced a new model for lease accounting by lessees which will impact the balance sheet, income statement and cash flows of all Singapore companies with lease agreements as a lessee.
ISCA Breakfast Talk – Finance 2020: Transforming Finance for the Digital Economy
Business is changing. The world is changing. The digital economy is putting immense pressure on Finance. Finance processes and technology platforms of the last decades are wrong for the digital economy...
ISCA Breakfast Talk - How confident are you in managing your income tax and GST compliance and tax controversy?
As business complexity increases so too does the burden of managing income tax and GST compliance and tax controversy...
ISCA Breakfast Talk - The Impact of Internet of Things on Finance as a Function
Anyone reading the news recently would have come across the words IoT (or Internet of Things). In Singapore, IoT is part of the Smart Nation Programme spearheaded by the Prime Minister’s Office...
ISCA Breakfast Talk - Decision Making in the Age of Artificial Intelligence
What does a truly data-driven business look like as a new age of artificial intelligence dawns – and how do organizations find the right balance among all the moving parts behind big decisions?...
ISCA Breakfast Talk - Fintech Opportunities for Public Accountants and Accounting Professionals
The role of public accountants or accounting professionals has started to evolve as fintech becomes an increasingly dedicated practice that is gaining importance across several industries and functions...
ISCA Breakfast Talk - Finance Transformation: Rethinking the FP&A Operating Model
The world is changing at an unprecedented rate and finance professionals are evolving in order to tackle new challenges and capitalize on new opportunities emerging from this time of flux.
ISCA Breakfast Talk - An Introduction to Robotics Process Automation – and how it affects the accounting and finance functions
Robotic process automation (RPA) is the application of technology that replicates the actions of a human being interacting with the user interface of a computer system.
ISCA Breakfast Talk - Leadership Matters - Advancing Toward True North As Stakeholders Expect More
In the 2015 study, we focused on four key attributes of leading Internal Audit functions. In this year’s study, we examine trends in internal auditing and take a deeper look at what qualities and capabilities are consistently found in highly effective Internal Audit leaders.
ISCA Breakfast Talk - Detecting Fraud with Data Analytics
More organizations are beginning to deploy data analytics in their operations but few are deriving benefits from it. KPMG Forensic will share their observations gleaned over the last decade on the use of data analytics in Singapore...
ISCA Breakfast Talk - Enhanced Auditor Reporting: What It Means to the Preparers of Financial Statements
With the issuance of the new and revised auditor reporting standards in Singapore, auditor’s reports of financial statements with periods ending on or after 15 December 2016 will be more transparent and contain much more information than the current auditor’s reports. This major development will significantly improve auditor communication and impact all stakeholders, not just the auditors...
ISCA Breakfast Talk - The Future of Risk Management: How EY’s 2015 GRC Survey can help you to transform your current risk management function
Operating a business requires taking risks. Organizations that identify and manage these risks well are positioned to grow and remain successful. Organizations today are challenged with managing a rapidly changing risk landscape, but it also presents an opportunity to take advantage of the upside potential of risk...
ISCA Breakfast Talk – BEPS is Broader than Tax - Impact on Operating Models and Business Functions
The final reports on the Base Erosion and Profit Shifting (BEPS) Action Plan have been released by the Organisation for Economic Co-operation and Development (OECD). These reports on the 15 BEPS focus areas reflect recommendations for significant changes in international tax laws and treaties..
ISCA Breakfast Talk – Digital Currency: from Disruptor to Business Game Changer?
Digital currencies are a disruptive innovation that is evolving rapidly. This is accelerated with the new applications of cryptography within and beyond currencies, coupled with algorithms which are increasingly apt to incorporate automatic mechanisms of transactions...
ISCA Breakfast Talk - Operational Risk - Redefined with Big Data
Armed with financial and operational data that can inform decisions, CFOs are in a unique position today to help their organizations avert roadblocks and wrong turns, as well as guide the business down new paths of profitability...
ISCA Breakfast Talk - Financial Reporting Standards Updates - Overview of Standards Impacting 2015 and 2016
As we are now stepping into the last quarter of 2015, it is time to take stock of the financial reporting changes to-date and remind ourselves of the important areas to be considered for this coming financial closing season and the near future...
ISCA Breakfast Talk - Invoice Fraud - Explanation, Detection, Prevention and Audit Trail
Invoicing Fraud is reported to be on the rise. Fraudsters typically identify the key people in the organization that are involved in the online fund transfer process and align techniques with the internal controls to increase the chance of money being transferred...
ISCA Breakfast Talk - Enhanced Auditor Reporting: An Introduction for Preparers of Financial Statements
With the recent issuance of the new and revised auditor reporting standards in Singapore on 30 July 2015, auditor’s reports of financial statements with periods ending on or after 15 December 2016 will be more transparent and contain much more information than the current auditor’s reports...
ISCA Breakfast Talk - Stolen Money, Pretty Lies
In today’s corporate world, you are required to have in place measures which will reduce the incidence of criminal behavior. Since news of financial misreporting and outright criminal behaviour, the pressure on corporations for more transparency in the management of their fraud exposures is mounting...
ISCA Breakfast Talk - Procurement Fraud – Are You Ready?
Are you ready to manage procurement fraud in your organisation? According to The PwC Global Economic Crime Survey 2014, 29% of organisations had experienced procurement fraud...
ISCA Breakfast Talk - Cybersecurity Transformation - A New Approach
With cybersecurity recognised as one of the top 5 business risk in 2015 according to the World Economic Forum (WEF), this talk will focus on understanding common cybersecurity risks, examine the impact of some recent cyber attacks on industry, and explore strategies to make your organisation “cyber resilient”...
ISCA Breakfast Talk - Creating a Good PDPA Compliance Framework to Protect Your Company
The Personal Data Protection Act (PDPA) came into effect in Singapore on 2 July 2014. Violations of PDPA can result in severe punishment, however, many companies and executives may not know the steps required to ensure compliance. ISCA members joined Mr Sia Nam Chie, Governor of The Institute of Internal Auditors Singapore, where he shared eight tips on creating a good compliance framework.
ISCA Breakfast Talk - Enhance Your Business Decision Making with Global Management Accounting Principles
47% of Asia’s CFOs say decision-making is hindered by information overload and 91% of senior executives around the world want a better way to pull insight from financial and non-financial data.
Extracting value from information is a key source of advantage. However, the volume and velocity of unstructured information is increasing every day and impulse is taking over insight as organisations struggle to keep pace.
ISCA Breakfast Talk - Managing Foreign Exchange Risk in Current Volatile Market, Best Practice
In the current world economy turbulence, one of the biggest challenges faced by finance, investment and accounting professionals is managing foreign exchange (FX) volatility. Understanding how the business is affected by currency fluctuations is important before deciding how best to reduce exposure to currency risks. Inappropriate strategies and techniques may result in significant financial damage such as the recent case of a former group finance director who was imprisoned for falsifying accounts to hide $300 million FX trading losses.
ISCA Breakfast Talk - Cyber security landscape in Singapore and Southeast Asia
Cyber attacks have increased dramatically over the last decade and it is a major cause of concern for many organisations globally. Today, organisations must have comprehensive security strategies ready to counter the threats that are coming in all directions.