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ISCA Issues Audit Guidance Statement (AGS) 1 (Revised June 2022), Sample Independent Auditor’s Reports

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. 

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