SINGAPORE - Accounting professionals in Singapore should go
beyond providing traditional audit services to offering more high
value-added corporate advisory services as well, said Minister of
State for Trade and Industry Teo Ser Luck on Thursday.
These include business valuation, internal audit, risk
management and international tax, he said in a speech at the
Singapore Accountancy Convention's ISCA Accounting Conference,
organised by the Institute of Singapore Chartered Accountants
(ISCA).
Referring to the theme of this year's conference, which was held
at Marina Bay Sands, Mr Teo said accountants need to "stay ahead of
the curve" amid the fast-changing global business environment and
more complex regulations.
Apart from growing their service offerings, accountants could
also advise on more than just company financials. In integrated
reporting, for instance, corporate information is bundled with
financial reports to present a more holistic view of a company, he
said.
ST
