-
Accounting Advisory
Our accounting advisory team help businesses meet their complex financial reporting requirements. The team can support in applying new financial reporting standards, IFRS/ US GAAP conversions, financial statement preparation, consolidation and more.
-
Payroll
Our team can handle your payroll processing needs to help you reduce cost and saves time so that you can focus on your core competencies
-
Managed accounting and bookkeeping
Outsourcing the financial reporting function is a growing trend among middle market and startup companies, as it provides a cost-effective way to improve the finance and accounting function. Our team can help with financial statement preparation, consolidation and technical on-call advisory.
-
Accounting Advisory
Our team helps companies keep up with changes to international and domestic financial reporting standards so that they have the right accounting policies and operating models to prevent unexpected surprises.
-
Crypto Accounting Advisory Service
Our team can help you explore appropriate accounting treatment for accounting for holdings in cryptocurrencies, issuance of cryptocurrencies and other crypto/blockchain related accounting issues.
-
ESG Reporting and Accounting
As part of our ESG and Sustainability Services, our team will work with you on various aspects of ESG accounting and ESG reporting so that your business can be pursue a sustainable future.
-
Expected Credit Loss
Our team of ECL modelling specialists combine help clients implement provisioning methodology and processes which are right for them.
-
Managed Accounting and Bookkeeping Services
Outsourcing the financial reporting function is a growing trend among middle market and startup companies, as it provides a cost-effective way to improve the finance and accounting function. Our team can help with financial statement preparation, consolidation and technical on-call advisory.
-
Business Tax Advisory
Our business tax team can help you navigate the international tax landscape, grow through mergers and acquisitions, or plan an exit strategy.
-
Corporate Finance
Our corporate finance team helps companies with capital raising, mergers and acquisitions, private equity, strategic joint ventures, special situations and more.
-
Financial Due Diligence
From exploring the strategic options available to businesses and shareholders through to advising and project managing the chosen solution, our team provide a truly integrated offering
-
Valuations
Our valuation specialists blend technical expertise with a pragmatic outlook to deliver support in financial reporting, transactions, restructuring, and disputes.
![Reducing risk in cross-border transactions](/globalassets/1.-member-firms/singapore/blocks/new-illistrations/resized/resize---performance.jpg)
-
Sustainability with the ARC framework
Backed by the CTC Grant, businesses can tap on the ARC Framework to gain access to sustainability internally, transform business processes, redefine job roles for workers, and enhance productivity. Companies can leverage this grant to drive workforce and enterprise transformation.
![Navigating the Carbon Border Adjustment Mechanism (CBAM) and its impacts on global trade](/globalassets/1.-member-firms/singapore/photography/464x422-listing-article/factory-gas_listing-min.jpeg)
-
Business Tax Advisory
Our business tax team can help you navigate the international tax landscape, grow through mergers and acquisitions, or plan an exit strategy.
-
Corporate Tax Compliance
Our corporate tax teams prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and realise tax benefits.
-
Tax Governance
Our Tax Governance Services are designed to assist organisations in establishing effective tax governance practices, enabling them to navigate the intricate tax environment with confidence.
-
Goods and Services Tax
Our GST team supports organisations throughout the entire business life-cycle. We can help with GST registration, compliance, risk management, scheme renewals, transaction advisory and more.
-
Transfer Pricing
Our Transfer Pricing team advises clients on their transfer pricing matters on and end-to-end basis right from the designing of policies, to assistance with annual compliance and assistance with defense against the claims of competing tax authorities.
-
Employer Solutions
Our Employer Solutions team helps businesses remain compliant in Singapore as well as globally as a result of their employees' movements. From running local payroll, to implementing a global equity reward scheme or even advising on the structure of employees’ cross-border travel.
-
Private Client Services
Our private client services team provides a comprehensive cross section of advisory services to high net worth individuals and corporate executives, allowing such individuals to concentrate on their business interests.
-
Welfare and benefits
We believe that a thriving team is one where each individual feels valued, fulfilled, and empowered to achieve their best. Our welfare and benefits aim to care for your wellbeing both professionally and personally.
-
Career development
We want to help our people learn and grow in the right direction. We seek to provide each individual with the right opportunities and support to enable them to achieve their best.
![insight featured image](/contentassets/12f3d8ef276a49b0b84ffe62d6e96c05/shutterstock_1757297663_1440x600.jpg)
Background
The SASB Standards consist of 77 industry-based sustainability-related disclosure standards and include over 1,000 metrics. While they were not developed by the ISSB, the ISSB has been responsible for the maintenance and enhancement of these SASB Standards since the consolidation of the Value Reporting Foundation (VRF) with the IFRS Foundation in August 2022.
The SASB Standards are required to be considered when applying IFRS S1 and IFRS S2, when evaluating sustainability-related risks and opportunities in the absence of another IFRS Sustainability Disclosure Standard. Therefore, it is important for the SASB standards to be globally appropriate. Prior to these amendments, the SASB Standards contained certain references to jurisdiction-specific laws and regulations, which were not globally applicable.
The amendments
The ISSB split the project into two parts, resulting in two sets of changes. They initially published amendments in June 2023 to address the climate-related disclosure topics covered within IFRS S2. These amendments, published in December 2023, aim to remove the jurisdiction-specific references from non-climate related disclosure topics and metrics, to assist reporting entities when applying IFRS S1. There are approximately 650 non-climate related metrics, and from these, 220 metrics are impacted by these revisions.
The amendments have been drafted using a combination of the following revision approaches, in order of priority:
- replacing jurisdiction-specific terms with globally applicable references
- providing general descriptions to replace jurisdiction-specific terms
- permitting the application of local jurisdiction laws or regulations that comply with the preparer’s legal and regulatory environment to replace jurisdiction-specific terms that are not appropriate
- removing certain jurisdiction-specific metrics that were unsuitable for international application, and
- replacing certain jurisdiction-specific metrics if a relevant replacement could be found that preserved the intention of the original metric.
Effective date
The amended SASB Standards are effective for annual reporting periods beginning on or after 1 January 2025, with early application being permitted. This means the impact of the amendments will be initially seen in 2026 for reporting entities applying the Standards to their 31 December 2025 reporting cycles.
Transitional provisions
While the amendments do not set out any specific transition relief provisions, the ISSB considered the following when determining the effective date:
- The ISSB expects that preparers already applying the SASB standards should be able to continue to use most of the same data sources, processes, and reporting.
- An effective date of 1 January 2025 allows preparers a full year to assess whether they would be impacted by the changes and to implement those changes.
- IFRS S1 included transitional relief in the first year of application from reporting information about sustainability-related risks and opportunities beyond those relating to climate-related risks and opportunities. An effective date of 1 January 2025 for these amendments, provides consistency with this IFRS S1 transitional relief.
Next steps for preparers
While the goal of the ISSB was to avoid changing the structure, completeness, and intent of the SASB Standards, these amendments could still potentially require changes to internal data systems and the changes to certain metrics may result in changes to data collection, aggregation, or validation. As this will depend on the metrics in use by each individual entity as well as local jurisdictional requirements, it is important that preparers review the changes and ensure that the metrics utilised are not impacted, or to ensure that the metrics are updated appropriately, if applicable.