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General

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Accounting for Cryptocurrencies

By |2020-02-12T16:24:57+08:00September 29th, 2019|General, Guides|

With rapid changes in technology and business environment, holdings of cryptocurrencies allow businesses and individuals to transact directly to each other without any intermediary such as banks or financial institutions. Accordingly, it appears practical issues on how to account for such assets given the fact that there is no accounting [...]

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

By |2020-02-12T16:27:38+08:00September 29th, 2019|Advisory, General, Insights|

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 |2020-02-12T16:29:28+08:00September 29th, 2019|Advisory, General, Insights|

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 [...]

Corporate Culture goes beyond that of the CEO

By |2020-02-12T16:47:26+08:00September 5th, 2018|Advisory, General, Insights|

Stories of corporate culture gone off the rails have become a regular feature in the headlines. From rampant sexism and bullying, falsifying of critical safety records, to underhand tactics against competitors and outright fraud, breakdowns in standards of governance inevitably lead to demands for strong action to be taken. But [...]

Failed Corporate Governance: Handmaiden of Financial Fraud

By |2020-02-12T16:58:19+08:00July 18th, 2018|General, Insights|

Financial reporting frauds (also called management frauds) have become endemic, with huge losses being inflicted upon shareholders, creditors and others.  Some of the most infamous frauds of the past two decades – Enron, WorldCom, Satyam, Olympus, Toshiba, and Parmalat being a small sample – have implicated the same key concerns.  [...]

Morison KSi recruits member in Taiwan

By |2020-02-12T16:58:50+08:00February 7th, 2018|General, News|

Morison KSi is pleased to announce the admission of WeTec International CPAs as a member firm in Taipei, Taiwan. Founded in 1998, WeTec International CPAs has grown to become a recognised mid-tier firm, ranked 20th in the country. Its 5 partners and 100 staff works across four offices – two [...]