Changes to Financial Reporting Standards in Singapore

Changes to Financial Reporting Standards in Singapore To support Singapore’s corporate governance and financial reporting framework, accounting standards are developed for public interest. To promote public confidence in the standards developed from the process, the accounting standard-setting process must be robust and credible.The Accounting Standards Council (ASC) is responsible for the formulation and promulgation of accounting…

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New Look for ACRA’s Bizfile+

New look for ACRA’s Bizfile+ The Singapore Accounting and Corporate Regulatory Authority (ACRA) recently introduced a new online filing and information retrieval system called BizFile+. The new system allows the public to access a suite of over 400 electronic services ranging from the submission of statutory documents, to retrieval and purchases of information pertaining to business entities…

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LED Initiative A Huge Success

LED Initiative A Huge Success The LED Scheme in Singapore has helped over 5,200 enterprises from all sectors harness technology and lean manpower solutions to transform their business operations and processes and improve productivity. Launched in 2015, the LED initiatives range from optimisation of technology and automation, to adoption of progressive human resource practices and…

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