Course Detail(PAIB2021 : Sustainability & Trust: Taking Centre-Stage in a New Era of Business)

PAIB2021 : Sustainability & Trust: Taking Centre-Stage in a New Era of Business NEW

5.00 CPE Hours (Category 1, Others)
Virtual Conference

Highlights of 2020 PAIB Conference

Programme Objective

With a more exciting line-up featuring the industry hot topics, ISCA is back with our flagship conference for Professional Accountants in Business from both the public and private sectors. 

Taking a leaf from Singapore’s Green Plan 2030, this year’s virtual conference aims to shine the spotlight on accountants who will take centre-stage in the new era of business, especially in Sustainability and Trust. The virtual conference will feature keynote speakers who will dispel any misconceptions that sustainability is a distant aspiration and explain the roles that financial professionals need to play to empower businesses to capitalise sustainability opportunities. 

With 2 break-out tracks focusing on Financial Forensics and Intelligent Automation, delegates will be spoilt for choice in the half-day virtual conference. Hear from esteemed speakers and panellists from both the public and private sector as they shed light on how organisations can fortify business trust through combatting white-collar crime and effective risk management or discover how intelligent automation opens new doors for the finance function. Join us as we delve into lively discussions and presentations on the hot topics that will spearhead the accountancy profession.

Programme Outline

 
TimePlenary
12.30pmRegistration
1.00pmWelcome Address by ISCA
1.15pmKeynote by Guest of Honour
1.30pm

Sustainability: Taking Centre-Stage in a New Era of Business
Sustainability is now a business imperative – a catalyst for businesses to evolve their strategies and stay viable into the future. From electric vehicles to plant-based meats, from safe working environments to respecting human rights, businesses with a sustainability compass are now shaking up age-old industries.

No longer reserved as an agenda for activists or mega-corporations, there is little doubt that sustainability will eventually be a common feature in boardroom discussions of businesses of every size and in every sector. The current sustainability wave is being driven by changes in investor demands, consumer preferences and expectations of supply chain partners/associates. Governments and regulators around the world are also taking giant steps in encouraging sustainable business developments.

This plenary session will dispel any misconception that sustainability is a distant aspiration and explains why businesses must capitalise on sustainability opportunities NOW or risk trailing behind.

Speaker: TBC

2.00pm

Panel Discussion: Accountants: Spearheading business change… and now, sustainability
As ESG, green finance and climate change dawn on businesses, so too will accountants of the future galvanise organisations towards the adoption of green initiatives and quality sustainability reporting.
 
As stewards of capital, the accountant must ensure that the business’s financial resources are allocated wisely and utilised efficiently. In building business resilience, these decisions need to be made with an eye on mitigating non-financial risks and converting them into opportunities instead. The accountant has the potential to play an indispensable role in helping the business achieve its sustainable development ambitions.

The accountant’s role is reaffirmed by recent developments within the IFRS Foundation to set IFRS sustainability standards to harmonise and streamline sustainability reporting.

This panel discussion drives home the role of the accountant in spearheading sustainability within their organisations and the importance for accountants to equip and position themselves now with the future in clear sight.

Panelists: TBC

3.00pmScreen Break - 15mins

Track 1 – Financial Forensics :

Fortify Business Trust

Track 2 – Intelligent Automation:

A New Dawn for Business

3.15pm

Establish Greater Business Trust -

Addressing Corruption Risks

Corruption has far-reaching consequences and if its related risks are not properly managed, stakeholders trust or even business resilience that have been painstakingly built could be compromised. It is critical for any business to have a robust whistle-blowing and reporting framework to control corruption risks. During this session, CPIB will illustrate how companies can improve business trust and transparency by stamping out corruption in the workplace.
For companies who have limited resources or lack sophisticated compliance systems, having to implement and enforce such framework may seem to be an uphill task. With the use of case studies, CPIB will share how companies can detect red flags of employee wrongdoings, uncover the root cause of such incidents, and most importantly be more guarded moving forward.

Speaker: CPIB

3.15pm

State of Play of Intelligent Automation in the Finance Function

Digital transformation has been the name of the game during the pandemic. Like many different facets of businesses, the finance function has been impacted by technology adoption. But what has changed? What needs to evolve? Is a finance function augmented by intelligent automation a cornerstone of a trusted and sustainable business?
In this presentation, ISCA delves into the current state of how the finance function has changed arising from the adoption of intelligent automation, uncovering the related risks and challenges.

Speaker: TBC

3.50pm

Combatting Syndicated Tax Crime –

How Can Companies Safeguard Themselves?

In Singapore, a current focus area of our tax authority’s investigation efforts is on Missing Trader Fraud (MTF) arrangements – a form of fraud by syndicates that exploits the Goods and Services Tax (GST) regime to defraud tax authorities. When an MTF arrangement is exposed, the unassuming legitimate businesses interposed by the syndicate will be implicated.
Against the backdrop of today’s transnational business landscape, it is commonplace for businesses to operate across international boundaries and work with stakeholders from different countries. How can businesses ensure they are not involved in any fraudulent arrangement and safeguard themselves? In this session, IRAS will advise businesses on what they can look out for to pick up red flags of MTF as well as other syndicated tax crimes based on their past investigations.

Speaker: IRAS

3.35pm

Intelligent Automation:

The Next Game Changer 

Technological adoption and disruption are par for the course in any industry now. The finance function has also had to transform itself rapidly, where mundane tasks are now performed by automated solutions. But how can finance personnel evolve to stay abreast of the latest developments? Do tried and tested ways still work in the current technological environment, or do managers need to create new methods of ensuring meaningful employee engagement? Does the trusted and sustainable business of the future have roots in a finance function augmented by intelligent automation?
To find out more, ISCA has convened a panel of experts to discuss these questions and share their insights.

Panelists: TBC

4.25pm

Panel Discussion:

Managing Third-Party Cyber Risks Effectively

Panelists: TBC

4.35pm

From Crisis to Recovery:

Public Sector Priorities to Support COVID-19 Recovery

The concept of ‘doing more with less’ has been the mantra for the public sector, but COVID-19 has pushed this notion to a new level. With reduced tax revenues, emergency spending, the need to cut costs, and increasingly higher demand for services, public sector entities must think fundamentally differently about how services are delivered and how to ensure public sector finances are more resilient going forward. To explore key strategic issues for the public sector and its finance leaders, IFAC convened a roundtable from across the globe. This session will highlight the salient points from the roundtable and share priority areas that professional accountants in the public sector need to know.

Speaker: TBC

5.15pm

Interim Financial Reporting:

Navigating the Journey to Quality Financial Reporting

The Singapore Exchange (SGX) Guidance Note Accounting Standards for Financial Statements issued on 4 May 2020 clarifies SGX’s expectations on the application of accounting standards for issuers’ announcement of interim and full-year financial statements. The Listing Rules require issuers to prepare their financial statements in accordance with Singapore Financial Reporting Standards (International) ("SFRS(I)"), International Financial Reporting Standards ("IFRS"), or US Generally Accepted Accounting Principles ("US GAAP"). This will take effect for issuers’ financial statements for any interim financial period (i.e., the first, second or third quarters of the financial year) or for any financial year ending on or after 30 June 2021.

For interim and full year financial statements, issuers are required to apply SFRS(I) 1-34 (equivalent to IAS 34 Interim Financial Reporting) or the broader set of accounting requirements that apply to annual financial statements under the SFRS(I), IFRS and US GAAP. The application of SFRS(I)s, or specifically SFRS(I) 1-34 (or IAS 34), provides a good framework for comprehensive disclosures and enhances comparability of issuers’ interim financial statements on an international level.

ISCA, through its Financial Reporting Committee, have developed Financial Reporting Guidance 3 Preparation of Interim Financial Statements under SFRS(I) 1-34 Interim Financial Reporting (in compliance with the SGX Listing Rule 705(3A)) (“FRG 3”) to aid issuers in understanding the implications of the Listing Rule 705(3A) to their interim financial statements and to highlight the key areas to take note of when preparing a set of interim financial statements under SFRS(I) 1-34.

This panel discussion, comprising stakeholders in the financial reporting eco-system, will discuss and share the challenges faced and how this impact issuers’ reporting to SGX, whilst at the same time, meeting the expectations of relevant stakeholders.

Panelists: TBC

5.15pmPublic Sector Technical Topic
 
6.00pmEnd of Conference

*Programme is subject to changes without further notice

Fee (Inclusive of GST)

Categories

Fees (inclusive of GST)

Early Bird till 19th July 2021

Member: $133.75
Non-Member: $192.60

Regular

Member: $171.20
Non-Member: $214

Corporate account holders can register for 3 or more non-members to enjoy a 10% group discount

Training Methodology
Virtual Conference

Strategic Partners

                     

        

 

Supporting Partner

Contact Details 

For registration enquiries, please contact CPE Dept:

Tel: +65 6749 8060 or email cpe@isca.org.sg

For all other enquiries, please contact industrysupport@isca.org.sg

Live Webinar Link
Instructions to log in to the Live Webinar will be sent to the participant's email address that was used during registration.

Closing Date for Registration 
1 day before programme or until full enrolment 

Intended For

Professional Accountants in Business (Private and Public Sector) in Singapore and the ASEAN region

Competency Mapping

Category 1 = 0.75 Hours
Others = 4.25 Hours

Schedule & Fees

Date & Time

19 Aug 2021 (1:00 PM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 171.20   $ 133.75
For Non-Members: $ 214.00   $ 192.60
Discount till 19 Jul 2021

Programme Facilitator(s)

TBC

Venue

Live Webinar in or outside of
Singapore

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


To be announced at a later date

Highlights of 2020 PAIB Conference

Programme Objective

With a more exciting line-up featuring the industry hot topics, ISCA is back with our flagship conference for Professional Accountants in Business from both the public and private sectors. 

Taking a leaf from Singapore’s Green Plan 2030, this year’s virtual conference aims to shine the spotlight on accountants who will take centre-stage in the new era of business, especially in Sustainability and Trust. The virtual conference will feature keynote speakers who will dispel any misconceptions that sustainability is a distant aspiration and explain the roles that financial professionals need to play to empower businesses to capitalise sustainability opportunities. 

With 2 break-out tracks focusing on Financial Forensics and Intelligent Automation, delegates will be spoilt for choice in the half-day virtual conference. Hear from esteemed speakers and panellists from both the public and private sector as they shed light on how organisations can fortify business trust through combatting white-collar crime and effective risk management or discover how intelligent automation opens new doors for the finance function. Join us as we delve into lively discussions and presentations on the hot topics that will spearhead the accountancy profession.

Programme Outline

 
TimePlenary
12.30pmRegistration
1.00pmWelcome Address by ISCA
1.15pmKeynote by Guest of Honour
1.30pm

Sustainability: Taking Centre-Stage in a New Era of Business
Sustainability is now a business imperative – a catalyst for businesses to evolve their strategies and stay viable into the future. From electric vehicles to plant-based meats, from safe working environments to respecting human rights, businesses with a sustainability compass are now shaking up age-old industries.

No longer reserved as an agenda for activists or mega-corporations, there is little doubt that sustainability will eventually be a common feature in boardroom discussions of businesses of every size and in every sector. The current sustainability wave is being driven by changes in investor demands, consumer preferences and expectations of supply chain partners/associates. Governments and regulators around the world are also taking giant steps in encouraging sustainable business developments.

This plenary session will dispel any misconception that sustainability is a distant aspiration and explains why businesses must capitalise on sustainability opportunities NOW or risk trailing behind.

Speaker: TBC

2.00pm

Panel Discussion: Accountants: Spearheading business change… and now, sustainability
As ESG, green finance and climate change dawn on businesses, so too will accountants of the future galvanise organisations towards the adoption of green initiatives and quality sustainability reporting.
 
As stewards of capital, the accountant must ensure that the business’s financial resources are allocated wisely and utilised efficiently. In building business resilience, these decisions need to be made with an eye on mitigating non-financial risks and converting them into opportunities instead. The accountant has the potential to play an indispensable role in helping the business achieve its sustainable development ambitions.

The accountant’s role is reaffirmed by recent developments within the IFRS Foundation to set IFRS sustainability standards to harmonise and streamline sustainability reporting.

This panel discussion drives home the role of the accountant in spearheading sustainability within their organisations and the importance for accountants to equip and position themselves now with the future in clear sight.

Panelists: TBC

3.00pmScreen Break - 15mins

Track 1 – Financial Forensics :

Fortify Business Trust

Track 2 – Intelligent Automation:

A New Dawn for Business

3.15pm

Establish Greater Business Trust -

Addressing Corruption Risks

Corruption has far-reaching consequences and if its related risks are not properly managed, stakeholders trust or even business resilience that have been painstakingly built could be compromised. It is critical for any business to have a robust whistle-blowing and reporting framework to control corruption risks. During this session, CPIB will illustrate how companies can improve business trust and transparency by stamping out corruption in the workplace.
For companies who have limited resources or lack sophisticated compliance systems, having to implement and enforce such framework may seem to be an uphill task. With the use of case studies, CPIB will share how companies can detect red flags of employee wrongdoings, uncover the root cause of such incidents, and most importantly be more guarded moving forward.

Speaker: CPIB

3.15pm

State of Play of Intelligent Automation in the Finance Function

Digital transformation has been the name of the game during the pandemic. Like many different facets of businesses, the finance function has been impacted by technology adoption. But what has changed? What needs to evolve? Is a finance function augmented by intelligent automation a cornerstone of a trusted and sustainable business?
In this presentation, ISCA delves into the current state of how the finance function has changed arising from the adoption of intelligent automation, uncovering the related risks and challenges.

Speaker: TBC

3.50pm

Combatting Syndicated Tax Crime –

How Can Companies Safeguard Themselves?

In Singapore, a current focus area of our tax authority’s investigation efforts is on Missing Trader Fraud (MTF) arrangements – a form of fraud by syndicates that exploits the Goods and Services Tax (GST) regime to defraud tax authorities. When an MTF arrangement is exposed, the unassuming legitimate businesses interposed by the syndicate will be implicated.
Against the backdrop of today’s transnational business landscape, it is commonplace for businesses to operate across international boundaries and work with stakeholders from different countries. How can businesses ensure they are not involved in any fraudulent arrangement and safeguard themselves? In this session, IRAS will advise businesses on what they can look out for to pick up red flags of MTF as well as other syndicated tax crimes based on their past investigations.

Speaker: IRAS

3.35pm

Intelligent Automation:

The Next Game Changer 

Technological adoption and disruption are par for the course in any industry now. The finance function has also had to transform itself rapidly, where mundane tasks are now performed by automated solutions. But how can finance personnel evolve to stay abreast of the latest developments? Do tried and tested ways still work in the current technological environment, or do managers need to create new methods of ensuring meaningful employee engagement? Does the trusted and sustainable business of the future have roots in a finance function augmented by intelligent automation?
To find out more, ISCA has convened a panel of experts to discuss these questions and share their insights.

Panelists: TBC

4.25pm

Panel Discussion:

Managing Third-Party Cyber Risks Effectively

Panelists: TBC

4.35pm

From Crisis to Recovery:

Public Sector Priorities to Support COVID-19 Recovery

The concept of ‘doing more with less’ has been the mantra for the public sector, but COVID-19 has pushed this notion to a new level. With reduced tax revenues, emergency spending, the need to cut costs, and increasingly higher demand for services, public sector entities must think fundamentally differently about how services are delivered and how to ensure public sector finances are more resilient going forward. To explore key strategic issues for the public sector and its finance leaders, IFAC convened a roundtable from across the globe. This session will highlight the salient points from the roundtable and share priority areas that professional accountants in the public sector need to know.

Speaker: TBC

5.15pm

Interim Financial Reporting:

Navigating the Journey to Quality Financial Reporting

The Singapore Exchange (SGX) Guidance Note Accounting Standards for Financial Statements issued on 4 May 2020 clarifies SGX’s expectations on the application of accounting standards for issuers’ announcement of interim and full-year financial statements. The Listing Rules require issuers to prepare their financial statements in accordance with Singapore Financial Reporting Standards (International) ("SFRS(I)"), International Financial Reporting Standards ("IFRS"), or US Generally Accepted Accounting Principles ("US GAAP"). This will take effect for issuers’ financial statements for any interim financial period (i.e., the first, second or third quarters of the financial year) or for any financial year ending on or after 30 June 2021.

For interim and full year financial statements, issuers are required to apply SFRS(I) 1-34 (equivalent to IAS 34 Interim Financial Reporting) or the broader set of accounting requirements that apply to annual financial statements under the SFRS(I), IFRS and US GAAP. The application of SFRS(I)s, or specifically SFRS(I) 1-34 (or IAS 34), provides a good framework for comprehensive disclosures and enhances comparability of issuers’ interim financial statements on an international level.

ISCA, through its Financial Reporting Committee, have developed Financial Reporting Guidance 3 Preparation of Interim Financial Statements under SFRS(I) 1-34 Interim Financial Reporting (in compliance with the SGX Listing Rule 705(3A)) (“FRG 3”) to aid issuers in understanding the implications of the Listing Rule 705(3A) to their interim financial statements and to highlight the key areas to take note of when preparing a set of interim financial statements under SFRS(I) 1-34.

This panel discussion, comprising stakeholders in the financial reporting eco-system, will discuss and share the challenges faced and how this impact issuers’ reporting to SGX, whilst at the same time, meeting the expectations of relevant stakeholders.

Panelists: TBC

5.15pmPublic Sector Technical Topic
 
6.00pmEnd of Conference

*Programme is subject to changes without further notice

Fee (Inclusive of GST)

Categories

Fees (inclusive of GST)

Early Bird till 19th July 2021

Member: $133.75
Non-Member: $192.60

Regular

Member: $171.20
Non-Member: $214

Corporate account holders can register for 3 or more non-members to enjoy a 10% group discount

Training Methodology
Virtual Conference

Strategic Partners

                     

        

 

Supporting Partner

Contact Details 

For registration enquiries, please contact CPE Dept:

Tel: +65 6749 8060 or email cpe@isca.org.sg

For all other enquiries, please contact industrysupport@isca.org.sg

Live Webinar Link
Instructions to log in to the Live Webinar will be sent to the participant's email address that was used during registration.

Closing Date for Registration 
1 day before programme or until full enrolment 

Intended For

Professional Accountants in Business (Private and Public Sector) in Singapore and the ASEAN region

Competency Mapping

Category 1 = 0.75 Hours
Others = 4.25 Hours

Programme Facilitator(s)

To be announced at a later date

Upcoming Schedule

Date & Time

19 Aug 2021 (1:00 PM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 171.20   $ 133.75
For Non-Members: $ 214.00   $ 192.60
Discount till 19 Jul 2021

Programme Facilitator(s)

TBC

Venue

Live Webinar in or outside of
Singapore