Accounting

Isca, IMDA launch programme to beef up accountants’ fluency in AI

Lee Boon Teck, the new president of the Institute of Singapore Chartered Accountants (Isca), is regional managing partner for audit and assurance at Deloitte South-east Asia.

Deloitte’s Lee Boon Teck, new Isca chief, urges accountants to be fluent in accounting and tech

Isca president Lee Boon Teck says he is looking forward to working with the council and members to build on the strong foundations it has in place.

Deloitte’s Lee Boon Teck succeeds Teo Ser Luck as president of Singapore’s national accounting body

Accounting requires judgment, context and interpretation; this is why automation in the sector is progressing more gradually, the writer says.

Why only accountants can save accountants from AI

Singapore-listed companies are making progress on climate scenario analysis, but key gaps remain, a study finds.
ESG INSIGHTS

Issue 190: Scenario gap in climate disclosures; sustainable finance and energy security

Teo, who has been president of Singapore’s national accounting body since April 2022, is in the final stretch of his four-year tenure and will step down in April due to term limits.

No heir apparent: Isca president Teo Ser Luck says successor must earn the role, not be groomed

Banks in the US, Britain and Europe have been pushing for the ability to take more risks, aimed at ensuring they maintain adequate capital levels, are now hindering growth.

Global accounting body IASB consults on new model for assessing bank risks

The model would be optional and would sit alongside existing rules, rather than replace them.

How banks handle interest rate swings may soon be clearer to investors

Additional focus areas include tariff-related issues such as impairment risks, cost and expenditure assumptions, and customer creditworthiness.

Acra wants boards to scrutinise the numbers ahead of FY2025 reporting