Information Technology (IT) and Data AnalyticsThe biggest impact IT has made on accounting is the ability of companies to develop and use computerized systems to track and record...
Arguments Against Audit Exemption for Small CompaniesOwners of a company who are not involved in the management of the company derive value from a third party opinion on the truth and...
Functional CurrencyThe functional currency of a company is the currency that is widely used (or transacted in) by a company in normal daily business....
Company Directors Under the Singapore Companies Act, a company must have at least one director who is ordinarily resident in Singapore. Being “ordinarily...
Corporate Tax Rate and Rebate Since Year of Assessment (YA) 2010, a company is taxed at a flat rate of 17% on its chargeable income regardless of whether it is a local...
Audit ExemptionWith effect from 1 July 2015, the exempt private company approach is replaced by the new small company concept, which exempts a company...
