Impairment is an ongoing area of concern for many of our clients. Regulators remain focused on this area and continue to push for increased transparency in disclosures. Groups holding significant amounts of goodwill and intangibles are at greater risk of a regulatory challenge to their impairment assessments and in particular the related disclosures.
From January 2016, there will be an increase in the CPF Salary ceiling and an increase in CPF contribution rates for older workers.
In this issue of the newsletter, we look at another area of change brought about by the Companies (Amendment) Act 2014 (the “CAA”) specifically, the statutory provisions relating to the resignation of auditors of a company.