With a more exciting line-up featuring the industry hot topics, ISCA is back with our flagship conference for Professional Accountants in Business from both the public and private sectors.
With 2 break-out tracks focusing on Financial Forensics and Intelligent Automation, delegates will be spoilt for choice in the half-day virtual conference. Hear from esteemed speakers and panellists from both the public and private sector as they shed light on how organisations can fortify business trust through combatting white-collar crime and effective risk management or discover how intelligent automation opens new doors for the finance function. Join us as we delve into lively discussions and presentations on the hot topics that will spearhead the accountancy profession.
We have enhanced the platform this year to give our delegates a better user experience and the flexibility to hop between the 2 breakout tracks on the event day. No prior track selection is required.
|1.00pm||Welcome Address by ISCA|
Keynote Address by Guest-of-Honour
|1.30pm||Sustainability and Climate Change: Taking Centre-Stage in a New Era of Business|
Climate Change and the Accountant do MEET Through TCFD
Sustainability and climate change are now business imperatives – a catalyst for businesses to evolve their strategies and stay viable into the future. From electric vehicles to plant-based meats, from safe working environments to respecting human rights, businesses with a sustainability compass are now shaking up age-old industries. These developments and trends raise serious questions about what they mean for both businesses and accountant to remain ahead of the curve.
The Task Force on Climate-Related Financial Disclosures (TCFD) have galvanised global action towards providing more effective climate-related disclosures that promote better understanding of the financial implications of climate change. In Singapore, the Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) are looking into mandating climate-related financial disclosures based on the TCFD recommendations.
Panel Discussion: Accountants: Spearheading Business Change… and now, Sustainability
Moderator: Ms Fang Eu-Lin, Chairperson, ISCA Sustainability Excellence Sub-Committee
Panelists: Mr Goh Yin Shian, Finance Director, Teckwah Industrial Corporation Pte Ltd
|3.00pm||Screen Break - 15mins|
|Track 1 – Financial Forensics : Fortify Business Trust||Track 2 – Intelligent Automation: A New Dawn for Business|
Sustaining Business Trust Through Curbing Corruption
In the business world, reputation and trust are important levers for success in the local as well as international arena. It is crucial for businesses to understand that the detrimental impact of corruption outweighs short-term monetary gains and brings irreversible reputational and financial losses for its stakeholders and the society as a whole. Having good awareness of the industry’s corruption risks and adopting a robust anti-corruption framework will sustain a successful business model.
Speaker: Mr Lam Seow Kin, Deputy Director, Investigations Department, Corrupt Practices Investigation Bureau (CPIB)
State of Play of Intelligent Automation in the Finance Function
Digital transformation has been the name of the game during the pandemic. Like many different facets of businesses, the finance function has been impacted by technology adoption. But what has changed? What needs to evolve? Is a finance
function augmented by intelligent automation a cornerstone of a trusted and sustainable business?
Plug and Play, Low-cost Solutions for Intelligent Automation in Finance and Accounting
In this new age of digitization, how do you leverage intelligent automation to gain a competitive advantage? Join our speaker from AI Singapore as he provides an overview of the digital transformation strategies around intelligent automation, and describes how AISG's free RPA toolset can help you to quickly and cheaply automate ad-hoc workflows. This presentation will also contain an overview of the AISG programs you can tap to accelerate your organization's digital transformation and use of AI, and the AI Readiness Index framework that you can use to determine your organization's readiness to adopt AI solutions.
Speaker: Mr John Ang, Assistant Head (AI Advisory), AI Singapore
Combatting Syndicated Tax Crime – How Can Companies Safeguard Themselves?
In Singapore, a current focus area of our tax authority’s investigation efforts is on Missing Trader Fraud (MTF) arrangements – a form of fraud by syndicates that exploits the Goods and Services Tax (GST) regime to defraud
tax authorities. When an MTF arrangement is exposed, the unassuming legitimate businesses interposed by the syndicate will be implicated.
Intelligent Automation: The Next Game Changer
Technological adoption and disruption are par for the course in any industry now. The finance function has also had to transform itself rapidly, where mundane tasks are now performed by automated solutions. But how can finance personnel
evolve to stay abreast of the latest developments? Do tried and tested ways still work in the current technological environment, or do managers need to create new methods of ensuring meaningful employee engagement? Does the trusted
and sustainable business of the future have roots in a finance function augmented by intelligent automation?
Moderator: Prof Emeritus Steven Miller, Professor Emeritus of Information Systems, Singapore Management University
Panelists: Ms Chiang Hai Yin, Group Director, Finance Transformation, Accountant-General's Department
Ms Cyndi Pei, Head of Finance, Singtel Enterprise Business, Singapore Telecommunications Limited
Mr Kenneth Leong, Chief Operating Officer & Chief Financial Officer, Axiom Asia Private Capital Pte Ltd
Mr Liaw Chun Huan, Chief Financial Officer, KTC Group
Managing Third-Party Cyber Risks Effectively
No industry is fully immune to the rising numbers and scale of cyberattacks in Singapore – which is a clear indication of a changing cyber threat landscape. Many businesses these days have to rely on third party service providers for their daily operations. If businesses do not manage these third-party cyber risks effectively, it may open doors to a plethora of cybersecurity attacks such as data breaches or syndicated payment systems fraud.
During the discussion, panellists will delve deeper into the topic of integrated risk management and examine the key considerations when putting together a third-party cyber risk management programme. The discussion will also explore what companies can do to assess and monitor the security and privacy practices of third parties and create a culture that makes mitigating third-party cyber risks everyone’s responsibility.
Moderator: Mr Daryl Pereira, Head of Cyber, Advisory, KPMG Singapore
Panelists: Mr Leon Chang, Assistant Chief Executive, Cyber Defence Group & Chief Risk Office, Integrated Health Information Systems
Mr Tobias Gondrom, Group Chief Information Security Officer, United Overseas Bank Limited
Mr Phoram Mehta, APAC CISO, Paypal Pte Ltd
Ms Veronica Tan, Director, Safer Cyberspace, Cyber Security Agency of Singapore
From Crisis to Recovery: Public Sector Priorities to Support COVID-19 Recovery
The concept of ‘doing more with less’ has been the mantra for the public sector, but COVID-19 has pushed this notion to a new level. With reduced tax revenues, emergency spending, the need to cut costs, and increasingly higher demand for services, public sector entities must think fundamentally differently about how services are delivered and how to ensure public sector finances are more resilient going forward. To explore key strategic issues for the public sector and its finance leaders, IFAC convened a roundtable from across the globe. This session will highlight the salient points from the roundtable and share priority areas that professional accountants in the public sector need to know.
Speaker: Ms Cat Little, Director General, Public Spending, and Head of the Government Finance Function, Her Majesty's Treasury, United Kingdom
Interim Financial Reporting: Navigating the Journey to Quality Financial Reporting
The Singapore Exchange (SGX) Guidance Note Accounting Standards for Financial Statements issued on 4 May 2020 clarifies SGX’s expectations on the application of accounting standards for issuers’ announcement of interim and full-year financial statements. The Listing Rules require issuers to prepare their financial statements in accordance with Singapore Financial Reporting Standards (International) ("SFRS(I)"), International Financial Reporting Standards ("IFRS"), or US Generally Accepted Accounting Principles ("US GAAP"). This will take effect for issuers’ financial statements for any interim financial period (i.e., the first, second or third quarters of the financial year) or for any financial year ending on or after 30 June 2021.
For interim and full year financial statements, issuers are required to apply SFRS(I) 1-34 (equivalent to IAS 34 Interim Financial Reporting) or the broader set of accounting requirements that apply to annual financial statements under the SFRS(I), IFRS and US GAAP. The application of SFRS(I)s, or specifically SFRS(I) 1-34 (or IAS 34), provides a good framework for comprehensive disclosures and enhances comparability of issuers’ interim financial statements on an international level.
ISCA, through its Financial Reporting Committee, have developed Financial Reporting Guidance 3 Preparation of Interim Financial Statements under SFRS(I) 1-34 Interim Financial Reporting (in compliance with the SGX Listing Rule 705(3A)) (“FRG 3”) to aid issuers in understanding the implications of the Listing Rule 705(3A) to their interim financial statements and to highlight the key areas to take note of when preparing a set of interim financial statements under SFRS(I) 1-34.
This panel discussion, comprising stakeholders in the financial reporting eco-system, will discuss and share the challenges faced and how this impact issuers’ reporting to SGX, whilst at the same time, meeting the expectations
of relevant stakeholders.
Moderator: Mr Chen Voon Hoe, Deputy Chairman, ISCA Financial Reporting Committee
Panelists:Ms Eliza Tan, Vice President, Singapore Exchange Regulation
Mr Lim Kai Ching, Group Chief Financial Officer, Uni-Asia Group Limited
Mr Ng Kian Hui, Audit Partner, Head of Audit and Assurance, BDO LLP
Fair Valuation in Times of Uncertainty
In recent times of uncertainty, fair valuation has gained prominence and importance in financial reporting, garnering attention from both auditors and regulators. This segment will provide key insights into the pertinent role played by management in the valuation process. Being the intended user of valuation reports, management (including Board of Directors) has the ultimate responsibility over the provision of various inputs or assumptions used in valuation and the appropriate valuation methods permitted under SFRS(I) 13/ FRS 113 Fair Value Measurement. One commonly valued asset is real estate i.e. land and buildings where valuation is usually performed for financial reporting at least annually. To facilitate the valuation process, ISCA has previously issued a guidance on real estate valuation for financial reporting which serves as a useful reference for engagements with valuers.
Speaker: Mr Keoy Soo Earn, Regional Managing Partner, Financial Advisory Southeast Asia, Deloitte
Sharing of Practical Application Issues for Valuation
Speaker:Mr Andre Toh, Chairman of IVAS Standards and Technical Working Group; Partner, Strategy and Transactions, Ernst & Young Solutions LLP
Ms Lau Kangli, Principal Compliance Manager, Financial Reporting Surveillance Department, Accounting and Corporate Regulatory Authority (ACRA)
|6.00pm||End of Conference|
*Programme is subject to changes without further notice
|Mr Lam Seow Kin|
Deputy Director, Investigations Department
Corrupt Practices Investigation Bureau (CPIB)
|Mr Daryl Pereira|
Head of Cyber, Advisory
|Ms Veronica Tan|
Director, Safer Cyberspace
Cyber Security Agency of Singapore
|Mr Leon Chang|
Assistant Chief Executive, Cyber Defence Group & Chief Risk Office
Integrated Health Information Systems
|Dr. Hanny Kusnadi|
Senior Lecturer, Department of Accounting
NUS Business School
|Mr John Ang|
Assistance Head (AI Advisory)
|Prof Steven Miller|
Professor Emeritus of Information Systems
Singapore Management University
|Ms Cat Little|
Director General, Public Spending, and Head of the Government Finance Function
Her Majesty's Treasury, United Kingdom
Mr Phoram Mehta
Mr Kenneth Leong
Chief Financial Officer
Axiom Asia Private Capital Pte Ltd
Mr Liaw Chun Huan
Chief Financial Officer
Mr Zander Pek
Goods and Services Tax Division
Inland Revenue Authority of Singapore (IRAS)
Ms Chiang Hai Yin
Ms Tan Yong Choo
Mr Lim Kai Ching
Uni-Asia Group Limited
Mr Ng Kian Hui
Head of Audit
Mr Keoy Soo Earn
Financial Advisory Southeast Asia
Mr Chen Voon Hoe
PwC Risk Services Pte Ltd
Mr Andre Toh
Ernst & Young Solutions LLP
Ms Eliza Tan
Singapore Exchange Regulation Pte Ltd
Ms Cyndi Pei
Singapore Telecommunications Limited
Mr Michael Tang
Ms Goh Yin ShianFinance Director
Teckwah Industrial Corporation Pte Ltd
Ms Lau Kangli
Principal Compliance Manager
Financial Reporting Surveillance Department
Accounting and Corporate Regulatory Authority (ACRA)
|Ms Yeo Lian Sim|
Vice Chair of the Task Force on Climate-Related Financial Disclosures (TCFD) & Member of ISCA's Sustainability and Climate Change Committee
Mr Rishi Kalra
Olam Food Ingredients
Mr Ian Hong
ISCA SR Quality Sub-Committee
Mr Murari Kalyanaramani
Past PAIB Conference
Uipath has a vision to deliver the Fully Automated Enterprise, powered by an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organisation to rapidly scale digital business operations. Headquartered in New York City, UiPath was named a 2020 CNBC Disruptor 50 company and #3 on Forbes Cloud 100 in 2020.
UiPath Singapore Pte Ltd, a registered entity in Singapore, provides services to local business directly and through a network of system integrators and partners.
Xero is a cloud-based accounting software platform for small businesses with over 2.7 million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device. Xero offers an ecosystem of over 1,000 third-party apps and 300 plus connections to banks and other financial partners. It was ranked No. 1 by Forbes as the World's Most Innovative Growth Company for two years running. In 2020, Xero was included in the Bloomberg Gender-Equality Index and recognised by IDC MarketScape as a leader in its worldwide SaaS and cloud-enabled small business finance and accounting applications vendor assessment.
BlackLine automates complex, manual & repetitive accounting processes & enables companies to move beyond the legacy record-to-report process.
No matter your role in the accounting department, your job is challenging. You might be responsible for preparing reconciliations, recording journal entries, and validating data or reports, or managing a team of overworked, underutilized people working across disparate systems, processes, and spreadsheets. Or maybe, you close the month with a pit in your stomach, thinking, 'maybe I should check one last time' before signing off on your financial statements. Substantiating balance sheet accounts and delivering trusted financials doesn't have to be a brute force finish that leaves you wondering what you missed. BlackLine helps organizations of every size transform their month-end close by streamlining, standardizing and automating account reconciliations.
Confirmation helps you, your auditors and bankers confirm sensitive financial data quickly and securely.Confirmation invented electronic confirmation 20 years ago, reshaping the audit confirmation process to make it faster, more efficient and secure. We are now a leading provider of online audit confirmation services. Today, Confirmation helps 1.5 million users across 170 countries confirm more than $1 trillion in financial data every year, as in bank confirmation, legal confirmation, AR/AP confirmation, and asset verification, among others. Our global digital platform is trusted by audit firms, banks, law firms and credit managers all around the world to verify financial data quickly and securely. Go paperless and move online to Confirmation now.
Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the “Deloitte organization”) serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 330,000 people make an impact that matters at www.deloitte.com. Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.
EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com/sg.
Ingenique’s flagship SentroWeb is now Pre-Approved AML/CFT Screening Solution for SMEs GO DIGITAL, with up to 80% grant available. Ingenique Solutions is the leading Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT) solution providers. We are a partner of Dow Jones for AML screening, which is a top provider in AML data source. Dow Jones database (includes Factiva data) covers worldwide more than 33,000 sources with more than 3 million profiles of blacklisted individuals and entities, and Politically Exposed Persons (PEP), criminals, and local adverse media. It is trusted by major global banks and regulators. More than 1,000 clients in Singapore and globally, from the public accounting, company secretarial, legal, real estates, precious stones/metals industry use SentroWeb to comply with the AML/CFT regulatory requirements. Contact us at +65 – 9779 0339 , or visit https://www.ingenique.net/smes-go-digital/.
KPMG operates as an international network of member firms offering audit, tax and advisory services. We work closely with our clients to mitigate risks and grasp opportunities.
Our firms' clients include business corporations, governments and public sector agencies and not-for-profit organizations. They look to us for a consistent standard of service based on high order professional capabilities, industry insight and local knowledge.
KPMG member firms can be found in 153 countries and territories. Collectively we employ 207,000 people across a range of disciplines.
At PwC, our purpose is to build trust in society and solve important problems. We're a network of firms in 155 countries with over 284,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com/sg.
SAP® Concur® is the world’s leading brand for integrated travel, expense, and invoice management solutions, driven by a relentless pursuit to simplify and automate these everyday processes. The top-rated SAP Concur mobile app guides employees through every trip, charges are effortlessly populated into expense reports, and invoice approvals are automated. By integrating near real-time data and using AI to audit 100% of transactions, businesses can see exactly what they’re spending without worrying about blind spots in the budget. SAP Concur solutions eliminate yesterday’s tedious tasks, make today’s work easier, and help businesses run at their best every day. Learn more at concur.com.sg or the SAP Concur blog.
Workiva Inc. (NYSE: WK) simplifies complex work for thousands of organisations worldwide. Customers trust Workiva’s open, intelligent and intuitive platform to connect data, documents and teams. The results: improved efficiency, greater transparency and less risk.
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