October 2016

Moore Stephens 2016-2020 Global Strategy

The growth of the Moore Stephens Global Network over the past 12 years has been  impressive  – from $839 million in 2003 to $2,683 million in 2015, an increase of 220% which has brought us into the Top 10 of the largest global accounting networks by fees and personnel. Our objective  is  to  always  be  a  Top  10  Network;  an  innovative, entrepreneurial and collaborative growing network, which enables our member firms to profitably grow and differentiate in their local and global markets. 

Country-by-Country Reporting (CbC Reporting): A new paradigm in Singapore

In October 2015, the Organisation for Economic Cooperation and Development (OECD) rolled out the final reports on Base Erosion and Profit Shifting (BEPS). This marked the culmination of about three years of intensive deliberations involving the OECD member countries and some other members of the G20...

Data Analytics procedures may soon be incorporated into Global Auditing Requirements

The International Auditing Standards Board, IAASB, has set up the Data Analytics Working Group (DAWG) to look into the incorporation of data analytics procedures into the global auditing requirements. DAWG has recently published a working document on this subject for which input is requested.

Clarifications to FRS 115 Revenue from Contracts with Customers

In June 2016, the Accounting Standards Council (ASC) published Clarifications to FRS 115, which is effective for annual periods beginning on or after 1 January 2018 with early application permitted...

Key Shipping Developments

In this article, we summarize the key shipping developments which took place over the past 3 months

Key Economic Developments June - October 2016

In this article, we summarize the key economic developments which took place over the past 3 months

Survey highlights investor preference for Audit Committee commentaries

During the 2016 Singapore Accountancy Convention, Senior Minister of State for Law and Finance Indranee Rajah urged Audit Committees to provide commentaries on financial reports.