As our Singapore Finance Minister, Mr Heng Swee Keat, had just delivered the Singapore Budget 2017. Find out more on our firm's Budget Synopsis.
On July 9, 2009, the International Accounting Standards Board (IASB) issued International Financial Reporting Standards (IFRS) for Small and Medium-Sized Entities (SME). The stated goal of the standard is to provide a simplified, self-contained set of accounting principles derived from the full IFRS to be used by smaller, non-listed companies. [...]
Dr Barry Jay Epstein, Accounting Expert at Epstein + Nach LLC Earn-out agreements (“earn-outs”) are common features of business acquisitions, and indeed may be necessary in bringing a proposed transaction to fruition. Particularly when the sought-after price is predicated on the business’ very recent record of success, [...]
A recent report by the New Zealand Institute of Chartered Accountants (NZICA) and the Institute of Chartered Accountants of Scotland (ICAS) to the International Accounting Standards Board (IASB) has raised significant issues regarding the matter of information overload (Joint Oversight Group 2011). Excruciatingly detailed financial reports have long been intuitively [...]
In response to a spate of financial reporting and other corporate governance scandals, the Sarbanes-Oxley Act of 2002 (“SoX”) was adopted by the United States Congress and signed by then-president George Bush. Once implemented, it had pervasive effects on how publicly-held companies in the U.S. are governed, including impacts on [...]
Dr Barry Jay Epstein, Accounting Expert at Epstein + Nach LLC During an out-of-court restructuring or a Chapter 11 bankruptcy  process, restructuring professionals do not uncommonly hear the statement (or think to themselves): “If only we could have gotten involved sooner.” Oftentimes, business managers that ignore [...]
Dr Barry Jay Epstein, Accounting Expert at Epstein + Nach LLC The audit committee, and its membership, are keys to the success of business operations. If the audit committee fails in executing its duties, there could be grave consequences for the entity, particularly in the areas of [...]