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The amendments revise the definition of listed entity to align with the definition in the ACRA Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities (ACRA Code). In addition, amendments to SSRE 2400 (Revised)
align with the ACRA Code regarding public disclosures about the application of independence requirements.
Key Revisions
The amendments:
- Adopt the same definition of publicly traded entity (PTE) in the SSQMs and SSAs as adopted in the ACRA Code.
- Incorporate an overarching objective for differential requirements for PTEs in the SSQMs and SSAs and a framework for when it may be appropriate to apply such requirements to other entities.
- Amend the applicability of the existing requirements for audits of listed entities to apply to audits of PTEs.
- Add a new requirement in SSRE 2400 (Revised) for public disclosure in the practitioner’s review report when the practitioner applied independence requirements specific to reviews of financial statements of certain entities (for e.g. public interest
entities).
The amendments are effective for audits and review of financial statements for periods beginning on or after 15 December 2026.
Click here to access the list of amendments to the SSQMs, SSAs and SSRE 2400 (Revised).