{"id":17750,"date":"2017-10-10T16:16:49","date_gmt":"2017-10-10T08:16:49","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/?p=17750"},"modified":"2026-10-05T10:17:45","modified_gmt":"2026-10-05T02:17:45","slug":"acca-building-a-culture-of-compliance-in-3e-accounting","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/press\/acca-building-a-culture-of-compliance-in-3e-accounting\/","title":{"rendered":"ACCA: Building a Culture of Compliance in 3E Accounting"},"content":{"rendered":"

Building a Culture of Compliance in 3E Accounting – ACCA\u2019s October 2017<\/h2>\n

3E Accounting Pte. Ltd. was pleased to be mentioned in ACCA’s article on how to build a culture of compliance<\/strong>, on 1 October 2017. The article discussed the issues of ethics and compliance, and how business leaders must step up on their compliance education programmes.<\/p>\n

 
\n\"ACCA<\/a>ACCA\u2019s October 2017 write-up on \u201cHow to build a culture of compliance\u201d on ACCA Global, and ACCA Hong Kong.<\/p>\n

For business leaders in Asia Pacific, navigating the issues of ethics and compliance has become more difficult than ever as regulations become more sophisticated. And when competition is fierce and businesses are trying to survive, blurring the boundaries between being competitive and being unethical becomes tempting.<\/p>\n

\u2018There is a misunderstanding of what compliance is, especially among millennials \u2013 they are more likely to rationalise unethical practices,\u2019 says Chris Fordham, managing partner of EY\u2019s fraud investigation and dispute services unit in Asia Pacific. \u2018I think it comes down to a lack of experience and a lack of education in this area. They may not be aware of the long-term ramifications of unethical practices, such as the possible fines, loss of the company\u2019s reputation and loss of their own career. It is so important that business leaders make sure their employees are educated in compliance.\u2019<\/p>\n

One issue is a perceived lack of ethical leadership. Compliance policies may be in place but, under pressure to deliver results, some senior managers are turning a blind eye to unethical behaviour to achieve targets.<\/p>\n

\u2018The top management is the key to implementing ethical standards,\u2019 says Lawrence of 3E Accounting, which has operations in Singapore and Malaysia. In order for this to happen, the owners and founders must be committed and emphasise the importance and seriousness of these standards. Only the top management can do this.<\/p>\n

\u2018At 3E, we consider the background of clients first, and talk about fees only as the last thing,\u2019 Lawrence continues. \u2018If you talk about fees first then it won\u2019t be ethical. Money is always the problem, so whether the partners and top management are willing to put value first before money is the key.\u2019<\/p>\n

 <\/p>\n

ACCA \u2013 October 2017<\/h3>\n

\"ACCA\"<\/p>\n

ACCA are the world’s most forward-thinking professional accountancy body. They have more than 198,000 fully qualified members and 486,000 students worldwide. They’re among the world\u2019s best-qualified and most highly sought-after accountants – and they work in every sector you can imagine.<\/p>\n

3E Accounting Pte. Ltd. wishes to thank ACCA for the mention and all staffs and clients for their tremendous support.<\/p>\n

 <\/p>\n

\"ACCA:<\/a>ACCA Global<\/p><\/div>\n

<\/div>\n
<\/div>\n
<\/div>
<\/div>\n","protected":false},"excerpt":{"rendered":"

Building a Culture of Compliance in 3E Accounting – ACCA\u2019s October 2017 3E Accounting Pte. Ltd. was pleased to be mentioned in ACCA’s article on how to build a culture of compliance, on 1 October 2017. The article discussed the issues of ethics and compliance, and how business leaders must step up on their compliance…<\/p>\n","protected":false},"author":57,"featured_media":17742,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-17750","post","type-post","status-publish","format-standard","has-post-thumbnail","category-press","category-23","description-off"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/17750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/comments?post=17750"}],"version-history":[{"count":4,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/17750\/revisions"}],"predecessor-version":[{"id":109203,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/posts\/17750\/revisions\/109203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media\/17742"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media?parent=17750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/categories?post=17750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/tags?post=17750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}