AGS 1 is a compilation of commonly used sample independent auditor’s reports.
The following appendices have been added to the updated AGS 1:
- Appendix 5B Agreed-Upon Procedures (AUP) Report in connection with an example of an Economic Development Board (EDB) Tax Incentive Scheme
- Appendix 5C AUP Report in connection with the Enterprise Singapore (ESG) Global Trader Programme
ISCA and the AGS 1 Sub-Committee have worked with EDB and ESG to develop and align the above reports to the requirements of Singapore Standard on Related Services (SSRS) 4400 (Revised) Agreed-Upon Procedures Engagements, which is effective for AUP engagements for which terms of engagement are agreed on or after 1 January 2022.