• 30 May 2018
  • Martin Daniel
  • ACRA

Exemption rules for filing full XBRL documents with ACRA

All private limited companies in Singapore are required to comply with the regulations set forth by the Accounting and Corporate Regulatory Authority (ACRA).

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  • 29 May 2018
  • Shabeer
  • MCA

Ind AS vs. Indian GAAP: What are the key differences?

India is trying to move to the Indian IFRS accounting standards popularly known as Ind AS. This move will not be easy considering that Ind AS is rather different from the current Indian GAAP standards. Here are some highlights in the differences between the two standards that are bound to make the migration challenging.

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  • 28 May 2018
  • Karthik
  • IFRS

2017 IFRS Foundation Annual Report Released

The IFRS Foundation, which is a not-for-profit public interest organisation that oversees the International Accounting Standards Board (IASB), recently released its 2017 annual report and financial statements.

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  • 25 May 2018
  • Gautham
  • CbCR

CbCR Hurdles Faced By Tax Departments

In thе раѕt years, the glоbаl rеgulаtоrу environment has bесоmе increasingly demanding fоr multіnаtіоnаl еntеrрrіѕеѕ (MNEѕ). In an attempt tо сrеаtе grеаtеr trаnѕраrеnсу, mаnу tаx аuthоrіtіеѕ nоw require MNEѕ tо rероrt more dеtаіlеd іnfоrmаtіоn wіth rеѕресt tо іnсоmе tаxеѕ раіd. The consequence has bееn a substantial rise іn the соѕtѕ оf tаx compliance fоr buѕіnеѕѕеѕ аnd іnfоrmаtіоn оvеrlоаd for tаx departments.

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  • 25 May 2018
  • Karthik Sathuragiri
  • IFRS

IFRS 16: Upcoming Changes to Lease Accounting

Currently, leases are primarily accounted for by reference to IAS 17 and IFRIC 4. IFRS 16 will replace these standards and interpretations. Although IFRS 16 will mainly impact lessees, there are some items that lessors should be aware of.

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