Litigation Risk
Auditor liability and malpractice, stemming from allegations of failure to appropriately respond to clients’ risk of material misstatements due to fraud, is an area ripe for litigation, specifically when fraud and material misstatements are subsequently revealed to have affected the financial statements. Although a “clean” audit report is not an absolute guarantee of accuracy, auditors…
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Barry Jay Epstein, Ph.D., CPA
Lessons from Civil Litigation
Civil litigation involving asset misappropriation, fraudulent disbursements and other complex accounting matters benefit from the engagement of a forensic accountant and/or a fraud examiner. Just as attorneys would not attempt to decipher complex engineering or scientific intricacies at issue in a matter being contested, so too should they – many of whom have studied business,…
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Barry Jay Epstein, Ph.D., CPA
Singapore Budget Synopsis 2013
Deputy Prime Minister and Minister for Finance, Mr Tharman Shanmugaratnam, delivered his Budget Statement in Parliament on Monday, 25 February 2013. Click here to read our synopsis on Singapore Budget Statement 2013.
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Dev Team
Tax Savings – Productivity And Innovation (PIC) Scheme
Productivity and Innovation Credit (PIC) was introduced in the 2010 Singapore Budget and enhanced in the subsequent two years budgets. This scheme supports all businesses who invest in innovation and productivity. Businesses can enjoy huge tax savings in the form of Cash Payout and/or Tax Deduction on the following six qualifying productivity improvement activities made…
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Dev Team
Code Of Corporate Governance – Highlights & Changes
1 March 2001 The Corporate Governance Committee (“CGC”) issued the Code of Corporate Governance (the “Code”) May 2004 The Council on Corporate Disclosure and Governance (“CCDG”) initiated a review of the Code 14 July 2005 A revised Code was issued 22 Nov 2011 The Corporate Governance Council (“Council”) submitted its recommendations to Monetary Authority of…
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