Applying the 3-stage Impairment Model

IFRS 9 Financial Instruments introduced the application of the “expected credit loss” (ECL) model. The ECL model is applicable to all financial assets subsequently measured at amortised cost and debt instruments at fair value through other comprehensive income. This includes intercompany loans included in the separate financial statements. As intercompany loans with subsidiaries are eliminated […]

Supporting Your Business Growth Aspirations Through Insolvent Acquisitions

Buying a business out of an insolvency process can be a great way to create opportunities for other organisations to expand while saving jobs at the same time. However, there are many pitfalls that need to be carefully considered and a different type of expertise is required compared to normal M&A transactions. Here are just […]

Blockchain Technology – Opportunities and Challenges for Auditors

Blockchain technology is a decentralised electronic ledger, which was first introduced as the technology associated with cryptocurrencies, such as Bitcoin. The wide appeal of blockchain technology can be attributed to its use of peer-to-peer network technology combined with cryptography, which enables two parties to conduct transactions securely between one another without requiring the services of […]

5 Ways to Develop Effective CSR Programmes That Makes Sense for The Business

Gone are the days where companies acted solely for its own benefit. Instead, companies are increasingly called upon to play their role as a responsible corporate citizen, one that plays their part for the community and environment. When CSR is done right, companies are rewarded and when it’s done wrong, companies find themselves with bad […]

Main Motives for Merger & Acquisition (M&A) in Singapore

Merger and acquisition (M&A) is the consolidation of two companies for reasons such as diversification, acquiring talent, spurring business growth, and so on. Mergers happen when two companies join to become one, with one company absorbing the other and the other ceasing to exist. Acquisitions, on the other hand, are when one company buys most, […]

Embracing The Spac-Tacular Trend

What are Special Purpose Acquisition Companies (SPACs)? A special purpose acquisition company (SPAC) is a corporation formed for the sole purpose of raising investment capital through an initial public offering (IPO). Commonly known as “blank-check company”, a SPAC has no prior operating history, operating or revenue generating business or asset at the point of IPO. […]

Snapshot of M&A in Asia Pacific

Since the emergence of Covid-19 pandemic last February 2020, livelihood and businesses across the globe have been badly affected due to massive lockdowns, border closures and supply chain disruptions.  After more than a year, economies are gradually adapting to the new normal as vaccines are made available in most countries to curb the spread of […]

GET A QUOTE