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Accounting Advisory
Our accounting advisory team help businesses meet their complex financial reporting requirements. The team can support in applying new financial reporting standards, IFRS/ US GAAP conversions, financial statement preparation, consolidation and more.
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Payroll
Our team can handle your payroll processing needs to help you reduce cost and saves time so that you can focus on your core competencies
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Managed accounting and bookkeeping
Outsourcing the financial reporting function is a growing trend among middle market and startup companies, as it provides a cost-effective way to improve the finance and accounting function. Our team can help with financial statement preparation, consolidation and technical on-call advisory.
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Accounting Advisory
Our team helps companies keep up with changes to international and domestic financial reporting standards so that they have the right accounting policies and operating models to prevent unexpected surprises.
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Crypto Accounting Advisory Service
Our team can help you explore appropriate accounting treatment for accounting for holdings in cryptocurrencies, issuance of cryptocurrencies and other crypto/blockchain related accounting issues.
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ESG Reporting and Accounting
As part of our ESG and Sustainability Services, our team will work with you on various aspects of ESG accounting and ESG reporting so that your business can be pursue a sustainable future.
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Expected Credit Loss
Our team of ECL modelling specialists combine help clients implement provisioning methodology and processes which are right for them.
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Managed Accounting and Bookkeeping Services
Outsourcing the financial reporting function is a growing trend among middle market and startup companies, as it provides a cost-effective way to improve the finance and accounting function. Our team can help with financial statement preparation, consolidation and technical on-call advisory.
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Business Tax Advisory
Our business tax team can help you navigate the international tax landscape, grow through mergers and acquisitions, or plan an exit strategy.
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Corporate Finance
Our corporate finance team helps companies with capital raising, mergers and acquisitions, private equity, strategic joint ventures, special situations and more.
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Financial Due Diligence
From exploring the strategic options available to businesses and shareholders through to advising and project managing the chosen solution, our team provide a truly integrated offering
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Valuations
Our valuation specialists blend technical expertise with a pragmatic outlook to deliver support in financial reporting, transactions, restructuring, and disputes.
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Sustainability with the ARC framework
Backed by the CTC Grant, businesses can tap on the ARC Framework to gain access to sustainability internally, transform business processes, redefine job roles for workers, and enhance productivity. Companies can leverage this grant to drive workforce and enterprise transformation.
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Business Tax Advisory
Our business tax team can help you navigate the international tax landscape, grow through mergers and acquisitions, or plan an exit strategy.
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Corporate Tax Compliance
Our corporate tax teams prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and realise tax benefits.
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Tax Governance
Our Tax Governance Services are designed to assist organisations in establishing effective tax governance practices, enabling them to navigate the intricate tax environment with confidence.
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Goods and Services Tax
Our GST team supports organisations throughout the entire business life-cycle. We can help with GST registration, compliance, risk management, scheme renewals, transaction advisory and more.
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Transfer Pricing
Our Transfer Pricing team advises clients on their transfer pricing matters on and end-to-end basis right from the designing of policies, to assistance with annual compliance and assistance with defense against the claims of competing tax authorities.
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Employer Solutions
Our Employer Solutions team helps businesses remain compliant in Singapore as well as globally as a result of their employees' movements. From running local payroll, to implementing a global equity reward scheme or even advising on the structure of employees’ cross-border travel.
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Private Client Services
Our private client services team provides a comprehensive cross section of advisory services to high net worth individuals and corporate executives, allowing such individuals to concentrate on their business interests.
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Welfare and benefits
We believe that a thriving team is one where each individual feels valued, fulfilled, and empowered to achieve their best. Our welfare and benefits aim to care for your wellbeing both professionally and personally.
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Career development
We want to help our people learn and grow in the right direction. We seek to provide each individual with the right opportunities and support to enable them to achieve their best.
The announcements mean reporting entities will only need to report sustainability risks and opportunities in relation to climate in the first year. Reporting entities will then need to report on their complete range of sustainability risks and opportunities, including climate from the second year onwards.
The full set of transitional reliefs mean that in the first year of reporting, entities do not need to:
- provide disclosures about sustainability-related risks and opportunities on topics other than climate-related information
- provide comparative information
- provide annual sustainability-related disclosures at the same time as the related financial statements
- disclose Scope 3 greenhouse gas emissions
- use the Green House Gas Protocol to measure emissions, if they are currently using a different approach.
The ISSB has made this decision because investors indicated that while they need sustainability-related information across all areas, climate-related information is the most urgent.
This relief in conjunction with the other reliefs already provided, means:
- that comparative information in year two only needs to be on climate-related information (assuming the reporting entity takes advantage of the relief only to report on climate-related risks and opportunities in the first year)
- reporting entities can focus on meeting investor needs in relation to climate initially
- reporting entities can use the first year to become familiar with the requirements of IFRS S1 using climate as a basis, before having to report on other areas
- reporting entities can take time mapping out their value chain in year one, taking advantage of not having to disclose the Scope 3 emissions.
The ISSB are still on track to release its first two Sustainability Standards; IFRS S1 and IFRS S2 towards the end of Q2 2023, with their effective date being 1 January 2024.
Our thoughts
We support the ISSB providing relief to reporting entities so only climate-related risks and opportunities need to be reported in the first year. Given the short implementation time frame, some reporting entities may find it challenging to meet all the requirements set out in the new Standards in the first year. This relief will enable reporting entities to initially embed systems and procedures to provide high quality disclosures on climate-related risks and disclosures before focusing on other areas.
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