April 2020

FINANCIAL REPORTING IMPLICATIONS OF COVID-19

Virtually all economic and financial markets have been impacted by the COVID-19 pandemic that erupted since January 2020. As global governments take measures to stem its spread by imposing economic lockdowns, countries are experiencing increasing unemployment, broad declines in aggregate consumer demand, soaring inventory levels, and reductions in production.   

Wong Koon Min, Partner and Head, Technical, Compliance and Financial Services at Moore Stephens LLP
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DISCOVER MOORE WITH WINTER AUDIT INTERN, VALERE LAU

Valere Lau describes her one word experience at Moore Singapore as 'fulfilling'. Find out why in the article below.

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POSITIVE PARTICIPANT FEEDBACK FOR MOORE AMBITION

“It doesn’t matter where you came from - it does not limit where you can go and what you can achieve.”

Contributed by Moore Global
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CONTRACTUAL AND LEGAL PROTECTION UNDER COVID-19

As COVID-19 escalates across the globe, governments have scrambled to institute emergency economic measures to safeguard businesses and livelihoods. This includes usual measures within the budgetary arsenal including tax relief, grants, and government loans. However, one of the less usual measures introduced in this economic crisis, are regulatory measures to provide relief from legal and contractual obligations. This article considers the potential impact of these measures.

Contributed by Moore Singapore
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AUDIT IMPLICATIONS ARISING FROM COVID-19

The coronavirus (COVID-19) has been classified by the World Health Organisation (WHO) as a global pandemic. As Governments are adopting structured and precautionary actions to prevent and delay the spread of the infection, many businesses are facing significant challenges in dealing with the evolving crises.

This article is adapted by the editorial team based on publications first issued by Moore Global in March 2020.
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MOORE GLOBAL SURVEY REVEALS COVID-19 IMPACT ON BUSINESS

Four out of ten clients in the Moore Global network believe the biggest impact of the Covid-19 pandemic will be changes in the way staff work in the future, while more than one-third expect to make more use of technology when normal life resumes.

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COVID-19 TEMPORARY BILL

On 7 April 2020, Singapore has passed the COVID-19 (Temporary Measures) Bill to offer temporary reliefs to address the impact of COVID-19 pandemic to businesses and individuals who are unable to fulfil their contractual obligations as well as... 

Neo Keng Jin, Senior Partner and Head, Audit, Assurance and Advisory at Moore Stephens LLP and Ash Tong, Assistant Manager, Corporate Restructuring at Moore Stephens LLP
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UNITY, RESILIENCE AND SOLIDARITY BUDGET 2020 - CHANGES PROPOSED TO HELP BUSINESSES COMBAT COVID-19

The Singapore Budget 2020 (also known as the Unity Budget) presented on 18 February 2020 was centered on ensuring sufficient targeted support measures for businesses that are negatively impacted by the COVID-19 outbreak. Given the uncertainties in the global economy and cognizant of the impact of COVID-19 to businesses in 2020, the Singapore Government had initiated various tax changes aimed at helping businesses cope with the immediate challenges in cash flows. 

Lim Peng Huat, Director and Head, Taxation Services at CCS
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CORONAVIRUS - THE SHIPPING STORY SO FAR

Moore Maritime is monitoring the Coronavirus very closely and maintaining a constant dialogue between offices to evaluate events as they unfold...

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TOP BUSINESS CONSIDERATIONS EMERGING FROM COVID-19

The emergence of COVID-19 has provided an awakening call for much of the business world. With nearly 3 billion people around the globe under COVID-19 lockdowns, many businesses in the world are experiencing unprecedented business challenges.

Contributed by Moore Singapore
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