IS Chartered Accountant Journal

Welcome to the IS Chartered Accountant Journal, which is available on mobile app, iOS and Android, to provide full access to our readers at all times. This page features the must-reads from the current issue of the journal in a pictorial spread similar to the digital journal. Please click on any of the articles below to read more.

IS Chartered Accountant Journal

June 2022 Issue

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Every Generation Counts

As the national accountancy body driving the advancement of the accountancy profession together with over 33,000 members across industries and demographics, ISCA stays relevant to all our members in the different stages of their career. Marking our 59th anniversary this June, we celebrate with the vigour of our youngest member in the ISCA Youth Associate programme and look ahead with the wisdom of one of our most senior members.

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integrating ESG Into Risk Management

Stakeholders are increasingly assessing businesses based on their non-financial impact to ensure that they have a purpose beyond profit – a purpose that also benefits society. As more organisations commit to an ESG agenda, they need to be functionally set up so that they can adequately respond to, and deal with, ESG-related opportunities and issues.

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Overcoming The Challenges In Green Financing

As enterprises ride the sustainability wave on the back of strong government support and an established financial industry, they must also be aware of the challenges and risks. These range from greenwashing to a lack of standard measurements and independent assurance regarding sustainability, and a lack of quality data in green financing.

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Shedding Light On Audit Vs Non-Audit Fees

Auditor independence is a topic under constant scrutiny due to the potential impact on the quality of audit work carried out by the auditor. As such, questions arise if auditors provide non-audit services, or if non-audit fees exceed 50% of the audit fees. The availability of more relevant information from companies will frame issues in the right perspective and result in more informed decision making, for the benefit of all parties.

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A New Business Philosophy

Integrated thinking is a management philosophy that unites the constituent parts of an organisation and focuses the whole organisation on value creation for the enterprise and its key stakeholders. The Integrated Thinking Principles provide a structured framework which guides businesses to frame their responses to the needs of the environment.

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Don's Column: Is This The End Of The Matching Principle?

Matching is often regarded as the expense recognition principle, where expenses are matched with associated income for the period to determine the period’s profit or net income. But the Conceptual Framework for Financial Reporting (2022) uses a different recognition criterion for expenses.

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Dissecting Singapore Tax Cases 2021

In a webinar organised by the Singapore Chartered Tax Professionals, accredited tax professionals shared their insights into two notable tax cases in 2021: Skyventure VWT Singapore Pte Ltd v Chief Assessor and Another and Another Matter [2021], and GDY v Comptroller of Goods and Services Tax [2021].

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