News & Articles
ACRA issues Changes to the Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities
ACRA issues changes to the Code of Professional Conduct and Ethics (the Code) for public accountants and accounting entities relating to certain provisions addressing non-assurance services for audit and assurance clients.Changes to take effect 1 Jan 2017.
Read MoreNew Regulatory Measures to Further Raise the Audit Quality Bar
New regulatory measures will soon be introduced to ensure auditors in Singapore continue to uphold high audit quality standards. This was announced by Senior Minister of State (SMS) for Law and Finance, Ms Indranee Rajah at the Singapore Accountancy Convention (SAC) on 25 August 2016.
Read More250% Tax Deduction Under the Business and IPC Partnership Scheme
From 1 July 2016 to 31 December 2018, businesses will enjoy a total of 250% tax deduction on wages and related expenses when they send their employees to volunteer and provide services, including secondments, to Institutions of a Public Character (IPCs) under the Business and IPC Partnership Scheme (BIPS), subject to receiving IPCs’ agreements.
Read MoreAmendments to the Employment Act
From 1 April 2016, all employers will be required to issue itemised pay slips and key employment terms (KETs) to employees covered under the Employment Act. There will also be a new framework to treat less severe breaches of the Employment Act.
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