PAW is a series of workshop designed to provide practical audit guidance to all audit personnel of small and medium-sized public accounting firms and targeted at different proficiency levels.
PAW is designed to provide detailed practical audit guidance to audit personnel for them to better understand and apply the requirements of the Singapore Standards on Auditing (SSA) when performing an audit of a typical Singapore incorporated company, with financial statements prepared in accordance with the requirements of the Singapore Companies Act and Singapore Financial Reporting Standards (SFRS). Case study examples, including the use of the ISCA Audit Manual for Small Companies documentation and sample audit working papers, will be used throughout the workshop to illustrate the various audit concepts and work paper documentation requirements.
Are there any differences between PAW and the existing auditing core training courses offered by the Institute?
The existing auditing courses offered by the Institute are:
- Structured Audit Core Training (SACT); and
- Professional Certificate in Audit Skills (PCAS)
The training framework and delivery of both the SACT and PCAS are essentially based on the same audit training matrix comprising a series of audit CPE courses.
PAW is different from the existing auditing core training courses because:
- PAW is a series of specially designed workshop targeted at different proficiency levels of the audit personnel of small and medium-sized public accounting firms.
- PAW uses the ISCA Audit Manual for Small Companies documentation, based on the requirements of the SSA.
Full attendance of the entire workshop is required for the registered participant to obtain the CPE hours and certificate of participation.
A written request for replacement of participant should be made no less than 3 (three) business days prior to the workshop commencement. The Institute reserves the right to deny entry to anyone who is not registered for the workshop.
In the event of non-attendance due to medical ground, participants are to inform the Institute in writing no less than 2 (Two) business days after the session with the relevant supporting documents or medical certificates. The participant may be allowed to attend an alternate session, where such session is arranged and seats are available, within the next 6 (Six) months. No further arrangement will be made if the participant is unable to attend the alternate session offered, or if there is no available session within the next 6 (Six) months.
Approval will be granted on a case-by-case basis other reason in missing one or more sessions.
Tea break refreshments are provided by halal certified caterers.
I just joined the audit profession with no practical audit experience at all. Is PAW – AWP 1 suitable for me?
PAW – AWP 1 is designed for audit working paper preparers with limited or no practical audit experience to provide practical guidance in the application of the audit concepts and documentation requirements. It is recommended that you go through at least one audit engagement prior to attending PAW – AWP 1 in order to benefit from the concepts explained in the workshop.
Participants should have a minimum of 2 years of practical audit experience before attending AWP 2. Participants may be required to complete a pre-workshop assessment prior to AWP 2.
If you have attended AWP 1 before, it is recommended you attend AWP 2 at least two years later.
Participants should have a minimum of 4 years of practical audit experience before attending SAR. Participants may be required to complete a pre-workshop assessment prior to SAR.
If you have attended AWP 2 before, it is recommended you attend SAR at least two years later.