Sophia Fu

Next Generation Audit

Breakthrough hardware. Innovative software. Improvement of everyday life through technology. Similarly for auditing, incorporating technology is inevitable. If we embrace new technology, we believe that auditors of the future will play an increasingly important role in society. Such as bringing forward looking insight, trust and human judgement. Working hand-in-hand with but not replaced by technology. …

Next Generation Audit Read More »

How to audit revenue

To audit revenue, let’s first get an understanding of the types of revenue and the transactions directly associated with it. Understanding revenue Revenue is usually the largest single line item on the income statement, so the auditor needs to acquire a deep understanding of how the client generate sales. This can involve understanding the following: …

How to audit revenue Read More »

Accounting and Bookkeeping service in Singapore

The difference between Accounting and Bookkeeping

A common question is whether there is any difference between accounting and bookkeeping. Bookkeeping is essentially a subset of the larger topic of accounting. In essence, a bookkeeper is a person who is broadly responsible for the basic functions of the accounting department. The bookkeeper creates financial transactions, as well as financial reports that summarize …

The difference between Accounting and Bookkeeping Read More »

Вenefits of outsourcing your accounting function

Тhе ехtеnt оf уоur busіnеss fіnаnсіаl trаnsраrеnсу аnd thе lеvеl оf ехреrtіsе оf thе реорlе rеsроnsіblе fоr suсh trаnsраrеnсу wіll іnfluеnсе thе grоwth аnd ехраnsіоn оf уоur busіnеss аs wеll аs іts survіvаl. Тhіs іs whу ассоuntіng аnd bооkkееріng аrе sоmе оf thе mоst сruсіаl аsресts оf аnу busіnеss аnd shоuld bе tаkеn саrе оf …

Вenefits of outsourcing your accounting function Read More »

accounting services singapore

Duties of an auditor in relation to money laundering

Anti-money laundering law is now an important issue for auditors to be aware of. Auditors must abide by the requirements of Ethics Pronouncement 200 (EP 200) Anti-Money Laundering and Countering the Financing of Terrorism – Requirements and Guidelines for Professional Accountants in Singapore. In this article, we will briefly list down the obligations and duties …

Duties of an auditor in relation to money laundering Read More »