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AGS 1 is a compilation of commonly used sample reports.
Below is a summary of the updates that have been made to this guidance statement:
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Updated Appendices |
Key Updates Made |
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2D) Sample independent auditor’s report on special purpose audit – Licensee’s Annual Gross Turnover |
Updated basis of preparation for gross turnover. |
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3A) Sample independent assurance report on SSAE 3000 – Project accounts and licence condition on mortgages, charges or encumbrances
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Updated in connection with the additional licence condition imposed on housing developers over mortgages, charges or encumbrances on the land and/or building project. |
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3B) Sample independent assurance report on SSAE 3000 – Payment Services Act (previously sample report on Money-changing and Remittance Business Act (“MCRBA”))
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The MCRBA and the Payment Systems (Oversight) Act have been repealed and the regulation of payment services has been streamlined under the Payment Services Act (“PS Act”). Illustrative report updated in accordance with the requirements of the PS Act. |
Click here for the updated AGS 1.