November 2023 Issue
EMERGING TECHNOLOGIES AND ACCOUNTANCY EDUCATION
Several emerging technologies have the potential to disrupt accountancy education and practice. Already, the accountancy schools in Singapore’s autonomous universities have incorporated the pertinent technologies into their curricula, to prepare accountancy students for the future of work.
AUDITING: A DYNAMIC PROFESSION
While the demands of the job are real, a career in auditing offers the flexibility to fulfil the aspirations of a younger generation of accountants. CA (Singapore) Low Yuan Yi, Senior Manager of Assurance, EY, shares how she juggles work and life.
WHAT CONSTITUTES A GOOD ANNUAL REPORT?
An annual report is a strategic communication tool that provides a concise and dynamic narrative through which a company communicates its journey. It should display transparency with perspective, with informative descriptions and explanations supported by engaging visual aids, among other traits.
GREAT LEADERSHIP STARTS WITH PERSONAL MASTERY
Successful leaders need to look deep within themselves and not externally, to discover their unique style of leadership. But, they will need courage to embark on a journey of self-discovery.
WHAT IT TAKES TO COMBAT MONEY LAUNDERING
Accountants who deal with clients or handle transactions deemed to be of high risk must carry out extra checks, to guard against money laundering and the financing of terrorism. They form the essential first line of defence against such crime.
IS FAIR VALUE ALWAYS THE BEST?
Under IFRS 9 Financial Instruments, three different classification and measurement bases are allowed. There are pros and cons to each, and a one-size-fits-all approach may not be the solution.
LANDMARK HERBALIFE CASE DISSECTED
The High Court’s decision in the GST case of Herbalife International Singapore Pte Ltd (Herbalife) v Comptroller of GST  SGHC 54 has sparked a series of parliamentary debates on revenue collection leakages, and has far-reaching implications for the direct selling industry.