Accounting and Regulations

Report Reveals Gap in Rhetoric, Reality on Business Ethics

22-May-12

Four out of five businesses worldwide have committed to ethical performance, but rhetoric does not always match reality, according to a new report from AICPA and CIMA.

Singapore Moves to Establish Accountancy Qualification Programme

22-May-12

The Pro-Tem Singapore Accountancy Council (Pro-Tem SAC) has issued the Singapore Qualification Programme Discussion Paper that sets out the pathway to becoming a Singapore professional accountant.

Investors Missing from Global Financial Reform Process

21-May-12

Investors should be the primary focus for global financial and accounting standards, yet their voices are not being clearly heard.

Singapore Company Convicted of Tax Evasion

21-May-12

ATT Systems (S’pore) Pte Ltd, a technology company that designs and develops electronic systems, was convicted of tax evasion for Years of Assessment (YA) 2006 and 2007.

Singapore Study Finds Positive Trends in Audit Committee Profiles

17-May-12

There is an increasing number of financially-trained individuals in audit committees.

Hedge Effectiveness Presents a Significant Challenge for Corporate Treasuries

15-May-12

A new survey finds that hedge effectiveness testing is the biggest challenge faced by corporate treasurers with respect to derivatives (30%), followed closely by accurate risk assessment (26%).

US Moves Against Deloitte Shanghai Over Client Data

14-May-12

The firm is charged with violating the Sarbanes-Oxley Act, which requires foreign accounting firms to provide audit work papers concerning U.S. issuers

China to Localise Operations of Foreign Accounting Firms

14-May-12

Auditing firms operating in China are now required to hire locally certified Chinese citizens as chief partners.

Singapore Seeks to Enhance National XBRL Filing System

14-May-12

The Accounting and Corporate Regulatory Authority (ACRA) has proposed enhancements for the national XBRL (eXtensible Business Reporting Language) filing system in response to feedback and changes in technology and the international landscape.

Enhancements to IFRS Handbook Proposed

09-May-12

The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), have published for public comment an updated version of the IFRS Foundation Due Process Handbook.

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