July 2020

CYBERSECURITY PREPAREDNESS FOR IN TIME OF COVID-19

The unprecedented COVID-19 crisis has posed a huge change in many aspects, for instance, remote working has become a trend to reduce the spread of virus. This has provided insights for company’s management and board on cybersecurity preparedness... 

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SPOTLIGHT ON MOORE SHISEI

Moore Shisei, a member of Moore Global since 1992, is a full service accounting firm that began operations in 1978, and has provided over 40 years of high-quality professional services to our clients...

Contributed by the Moore Japan Desk
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SPOTLIGHT ON MOORE MARKHAMS NEW ZEALAND

SMALL, SIMPLE, SMART

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SPOTLIGHT ON PEOPLE

In this and forthcoming issues of the Moore Asia Pacific newsletter, we will be featuring selected interviews of key individuals in the Moore Asia Pacific network. For this issue, we are excited to share a feature on Patrick Rozario from Moore Hong Kong, and David Holland from Moore Australia... 

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TOP 4 EVOLVING RISKS AND WHAT YOU CAN DO ABOUT IT

Jack Ma once said “Today is hard, tomorrow will be worse. But the day after tomorrow, it will be sunshine.” The coronavirus pandemic (“COVID”) has made the day hard for businesses and disrupted the global economy, which is projected to shrink by 3% in 2020 based on the world economic outlook of the International Monetary Fund...

Contributed by Lao Mei Leng, Director, MS Risk Management Pte. Ltd. and Pua Shuan Yang, Assistant Manager, MS Risk Management Pte Ltd.
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COVID-19 RELATED RENT CONCESSIONS

Download the latest guidance on how to treat rent related concessions following the recent amendment to IFRS16 in the wake of COVID-19.

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CUSTOMER EXPERIENCE (CX) IN 2020

Customer experience has changed dramatically since the proliferation of digital technology. Consider some day-to-day examples in our lives - we now have self-checkout at grocery stores, ATMs are replacing the need for bank tellers, online shopping has made it so you don’t have to make eye contact with the floor sales associate, and you can now even place your coffee order via a voice command on a smart device... 

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FINANCIAL REPORTING CHANGES IN PHASE 2 OF THE INTEREST RATE BENCHMARK REFORM

“...the substitution of inter-bank offered rates will have important implications for accounting and auditing of certain financial instruments, leases and insurance contracts...” 

Contributed by Wong Koon Min, Partner & Head, Technical, Compliance and Financial Services at Moore Stephens LLP, Singapore
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HOW INCREMENTAL INNOVATION CAN DRASTICALLY HELP YOUR BUSINESS

Not all innovation involves large, drastic organisational changes to your business, in fact incremental innovation can be just as effective and can add huge value to your business with minimal impact on the expense items in your P&L. Karen Franks, Director of Innovation, Entrepreneurship and Learning, at Moore Stephens Australia outlines the 6C's for implementing incremental innovation into your business.

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INNOVATION IN A CHANGE RESISTANT INDUSTRY

The professional financial services industry—and accounting in particular—is in a perpetual state of change. Evolutions in consumer behaviour, continuous advances in technology, and competition in myriad forms are threatening the health of any firm that fails to adapt...

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