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Paul Wan, FCA

About Paul Wan, FCA

With more than 30 years of experience in the auditing field, clients have benefited from his extensive knowledge of business, be it regional or the world economies, which is critical for any client and businesses today. Mr Wan’s experience spans from audit, taxation, business advisory, merger & acquisitions and also the IPOs of Companies; both in Singapore and Overseas Markets.
Managing Partner, PWCO

Accounting fraud takes a new dimension in China

By |2019-09-29T02:43:30+08:00September 29th, 2019|Case Studies|

China’s biggest accounting firm Ruihua CPA’s is being investigated by the China Securities Regulatory Commission (CSRC) after one of its clients was found to have infested its profits by RMB 12billion ( US$1.74billion)over four years! This is not the first time Ruihua was investigated 3 years ago they were barred [...]

Case Study: Thomas Cook plc, A lesson to be learned

By |2019-09-29T02:17:40+08:00September 29th, 2019|Case Studies|

The oldest Travel Agent 178 years collapsed and went into administration in the UK on 23rd September 2019. It was founded in 1841 in Leicestershire by Thomas Cook a cabinet-maker. Prior to the collapse, it’s revenue was £9bn, it had 19 million customers, 22,000 staff in 16 countries. What happened? [...]

Singapore GDP Update – September 2019

By |2019-09-29T02:15:52+08:00September 29th, 2019|Singapore GDP Forecast|

On 13th August 2019, Singapore’s   Ministry of Trade and Industry slashed it’s 2019 GDP forecast to zero to 1% -this is in contrast to the forecast of 1.5% to 2.5%. With the expected continued decline in the economy, Singapore is in a technical recession. In our earlier write up we [...]

Singapore Economic Outlook: Mar 2019

By |2019-08-20T23:38:38+08:00April 30th, 2019|Asia|

Singapore's GDP Grew by 1.3 in the First Quarter of 2019 compared to 1.9 % growth in the fourth quarter of last year-  The decline was not unexpected given the GDP 2018 was 3.2% versus GDP 2017 of 3.7%. China, Malaysia, EU, USA,HK and Taiwan were the main trading partners. The overall trend will continue to [...]

China Gradually opens Financial Sectors to Foreign Entities

By |2019-08-20T23:38:40+08:00July 19th, 2018|Asia, News|

Up to APRIL 2018, foreign entities cannot own a majority or control joint venture securities firms in China. The industry is considered by the government as one of the ‘protected sectors’. Over the last 2 years the Chinese government have been studying to open up the capital markets to foreign [...]

Morison International Annual Conference, Singapore 1996

By |2019-08-20T23:38:43+08:00September 1st, 1996|History|

Global accountancy and law network Morison International (MI) held its 1996 annual conference at the Raffles City Convention Centre, Westin Stamford Hotel in Singapore on 24 and 25 May. The conference, which brought together over 100 representatives from MI members around the world, discussed MI's strategy for its next cycle [...]