Welcome to ISCA’s centralised Knowledge Centre! Here you will find the latest news on developments in the technical front. You will also discover relevant and useful resources aimed at empowering our members with knowledge in core and other disciplines.
ISCA issued EP 200 (Revised on 1 June 2023) Anti-Money Laundering and Countering the Financing of Terrorism – Requirements and Guidelines for Professional Accountants in Singapore to adopt the anti-money laundering and countering the financing of terrorism (AML/CFT) requirements which are included in the Accountants (Prevention of Money Laundering and Financing of Terrorism) Rules 2023. These requirements are applicable to professional accountants in public practice and professional firms preparing for or carrying out transactions which are considered high risk.
Is the ‘market value’ of a property the same as its ‘fair value’?
FRB 10 explains both concepts and provides guidance on what management should do in assessing the appropriateness of the reported value for financial reporting purposes. This FRB also includes an example to illustrate the application of highest and best use as the valuation premise.
ISCA Issues FRG 4 Accounting Considerations For A Special Purpose Acquisition Company (SPAC) Under SGX SPAC Listing Framework
In recent years, SPACs have gained popularity as an alternative vehicle for a private company to achieve a stock exchange listing without going through its own initial public offering (IPO).
Cognisant that the accounting of a SPAC transaction could be more complex than for a traditional IPO, ISCA has developed Financial Reporting Guidance 4 (FRG 4) to provide guidance on key accounting considerations for SPACs under the SGX SPAC Listing Framework.
ISCA Directory features Singapore’s leading professional service firms in Accountancy, Finance and Business. The directory serves as a key publication of ISCA and profiles ISCA members to the local and international business community. ISCA Directory is the first ever and only dedicated platform that showcases the service offerings of Singapore’s Accounting firms and their affiliated businesses. It contains key contact information of ISCA members, including executive contacts’ details. Being the national accountancy body, ISCA strongly recognises the need to promote and develop the industry through a consolidated effort. The print version of the directory is distributed extensively to local and foreign government agencies, trade associations, embassies, foreign enterprises and ISCA strategic partners. The internet version of the directory is promoted through ISCA channels and networks and available to a global audience. The directory serves as an excellent platform for Accounting firms to expand their market reach in the Singapore market and beyond. We are pleased to welcome you to start sourcing for your professional service needs with ISCA Directory.