Learning Roadmap (SMP)

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The ISCA SMP Learning Roadmap (ISCA SMP LRM) comprises a series of competencies which prescribe the skill sets and the related learning needs required by the various levels of audit professionals in SMPs, based on their experiences. These skills and competencies can be broadly categorised into two main groups - Technical and Generic

ISCA SMP LRM defines the skills and training needed for four proficiency levels - FoundationalIntermediate, Advanced and Expert.  

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Depending on where you are in your career and/or where you aspire to be in the future, the Roadmap facilitates your understanding of the competencies at various points in your career and provides learning opportunities to develop those competencies.

Technical Skills & Competencies (TSC)
1.  Audit
1.1 Auditing and Assurance Standards
1.2 Engagement Planning & Risk Assessment
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Develop engagement plans which describe the nature, timing and extent of planned engagement procedures
Perform assessments of risks, including fraud risks, through understanding the client’s business
An Overview of Audit Planning ADT042 3.5   check check  
Understanding the Audit Client and Risk Assessment ADT025  7   check check   
What Audit Managers and Partners Should Watch Out For in Risk Assessment ADT068A  7     check check 
ISCA Audit Manual for Standalone Entities (AMSE): A Focus on Planning using Case Studies ADT137 7   check check check
Auditors' Consideration of Client Internal Controls ADT039  3.5   check check check
Audit of Computerized Information Systems ADT069  3.5   check check check
Planning an Effective and Efficient Audit (Tech Lab 01/2018) ADT147 3.5     check check
1.3 Engagement Execution
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Perform assurance procedures in accordance with the engagement plans
Accounting and Auditing Cryptocurrencies (ISCA Practitioner’s Tech Lab 05/2018) ADT156 3.5       check
Audit Sampling ADT024 3.5 check check    
Effect of FRS on Audit Evidence ADT140 7   check  check check
Audit of Revenue under the new FRS 115 Regime ADT155 3.5 check check  check check
Audit of Revenue: Long-term/Construction Contracts ADT152 3.5 check check check check
Audit of Revenue: Complex Revenue Transactions ADT153 3.5 check check check check
Key Auditing Issues Arising from Adoption of FRS 115 (ISCA Practitioner's Tech Lab 04/2018) ADT150 3.5       check
Audit of Cash and Cash Equivalents ADT040 3.5 check check    
Audit of Accounts Receivable and Other Receivables ADT047 3.5 check check      
Audit of Accounts Payable and Other Payables  ADT027 3.5  check check    
Audit of Property, Plant and Equipment ADT130 3.5 check check    
Audit of Inventories ADT129 3.5 check check check  
Audit of Inventories and Trade Receivables: Common pitfalls and how to overcome them (Practitioner's Tech Lab 02/2018) ADT148 3.5       check
Audit of Employee Benefits ADT041 3.5 check check    
Audit of Financial Instruments - Non Derivatives ADT029 3.5   check check  
Audit of Financial Instruments - Derivatives ADT050 3.5     check check
Audit of Foreign Currency Transactions and Translation ADT044 7   check check check
Audit of Impairment of Assets (FRS 36) - A Practical Approach ADT143 3.5   check check check
Audit of Related Parties and Related Party Transactions ADT052 3.5   check check check
Audit of Opening Balances for Initial Audit Engagements ADT063 3.5   check check check
Auditors' Reliance on the Work of Other Parties ADT033 3.5   check check check
Group Audits ADT034 7     check check
Audit of Group Financial Statements - Reviewing the work of component Auditors ADT151 3.5   check check check
Managing Challenges in Group Audits (e-learning) ADT001i 1     check check
Audit of Leases under the new FRS 116 Regime ADT163 3.5   check  check check
1.4 Engagement Completion and Reporting
1.5 Engagement Quality Control
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Set up quality control procedures for an assurance engagement
Key Findings from ACRA’s Recent PMP Reports: Addressing the Deficiencies and Meeting Audit Objectives ADT166 14   check check check
Audit Quality Control, SSQC 1 for SMPs ADT131  7      check check  

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1.6 Professional Scepticism and Judgement
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Assess evidence to make informed decisions about the appropriate course of action
Fraud Considerations in an Audit ADT035 3.5   check  check check 
The Cornerstone of Sound Professional Judgment E124  3.5   check  check check  
1.7 Specific Topics
2.  Corporate Reporting
2.1 Accounting Standards
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Apply financial reporting frameworks prescribed by the relevant governing bodies to ensure all transactions meet regulatory requirements
New and/or Upcoming Accounting Standards
Technical Update (FRS 115 / FRS 109) for Auditors A241 4 check check    
IFRS 16 / FRS 116: Leases A001i
A229ET*
A208ET*
A207
A218
1
7
3.5
7
7
check


 
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check
check
check
check
check
check
check
check
check
check
check
check
check
check
IFRS 9 / FRS 109: Financial Instruments A181
A194ET*
A211
7
7
7
  check
check

check
check
check
check
check
check
IFRS 15 / FRS115: Revenue from Contracts with Customers  A192
A182
A193ET*
A209
3.5
7
7
7
  check
check
check

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check
FRS 115: Revenue from Contracts with Customers - Construction Contracts A240 3.5   check check check
FRS 115, Revenue from contracts with customers: Engineering and Construction  A227ET*  3.5   check check check
FRS 115, Revenue from contracts with customers: Technology  A228ET*  3.5   check check check
IFRS 15 / FRS 115 Revenue from contracts with customers and IFRS 9 / FRS 109 Financial Instruments A185 7   check check check
Practical Application of the three New Standards IFRS9, 15, 16 (Contractual Interaction between these Standards)  A235 14   check check check
Overcoming the Practical Challenges of adopting IFRS 9 / FRS 109 Financial Instruments A243 7   check check  check
FRS / IFRS - Overview & Update
Overview of Essential / Selected FRSs  A179
A134
A016
A223
7
14
14
7
check
check
check
check


check
check
   
Analysis and Review of Singapore FRS and IFRS-Identical Financial Reporting Standards A169 14  check check    
A Technical Update on IFRS - 2018 A236 7   check check check
Financial Reporting Standards: Annual Update A909 7   check  check   check 
US GAAP
Accounting differences between FRS and US GAAP A037 7   check check
check 
US GAAP Update 2018 A237 7   check check check
2.2 Financial Statements Review
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Review financial statements in accordance with the applicable frameworks and regulatory requirements 
Financial Statements: Presentation and Disclosures A082
A123
7
7
  check
check
check
check
check
check
ACRA’s FRSP Review Focus for FY2017 Financial Statements A244 7   check check check
3.  Professional Values & Ethics
3.2 Ethical Culture
4.  Governance and Risk Management
4.1 Governance
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Evaluate and improve governance practices in the organisation
Speaking Up, Raising Concerns & Whistleblowing (e-learning) E002i 2 check check check check
Ethical Whistle Blowing: Is it my Responsibility to Report? E118 3.5  check  check  check  
4.2 Fraud Risk Management
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Evaluate organisation’s potential for occurrence of fraud and develop fraud risk awareness throughout the organisation
Ethics & Professionalism: Case Studies For Accountants & Auditors E126 7   check check check
The Ethics Challenge: Ways to manage and What to watch out for E068 7   check check check
Accounting Ethics: The 36 Red Flags and Detecting Accounting Gimmicks and Fraud E095 14  check check check check
Accounting Ethics: Understanding & Detecting Creative Accounting Practices E061 14  check check  check check
5.  Business Law and Regulations
5.1 Corporate and Business Law
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Respond to the changes in business laws and regulations
Negligence - what you should know LS023A  7  check check check check 
Singapore Companies Act Amendments LS024  3.5   check check check
Understanding Leases & Tenancy Agreements from the Legal Perspective LS030 7   check check  
6.  Information Technology
6.3 Infocomm Technology Environment and Development
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Evaluate the Infocomm Technology environment and the impact of Infocomm Technology developments
Fintech Regulation in ASEAN DGT028 3.5     check check
An Insider Guide into the World of Cryptocurrency DGT023 3.5 check check check check
Introduction to Blockchain Technology for Accounting and Finance Professionals DGT017 7 check check check check
6.4 Practice Tool
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Implement auditing software systems in the organisation
CaseWare Audit Singapore Training  IT073 14 check check check check
7.  Taxation
7.1 Tax Implication
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Assess tax implications of changes in tax laws
Income Tax Treatment Arising from Adoption of FRS 115 Revenue from Contracts with Customers TAX230ET 3.5   check check check
ISCA Budget Update 2019: How Does It Affect You? TAX2019 3  check check check  check 
8.  Business Relations and Transformation
8.1 Conflict Management
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Establish and manage internal and external relationships to achieve organisational goals
Positive Conflict At Work: Making Conflict Work For You MP038 7  check check check  check 
8.2 Change Management
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Manage changes and developments within teams and organisation
Leading and Managing Change MP107 7   check check  check 
9.  Project Management
9.1 Project Execution and Control
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Implement projects in accordance with project plans and deliverables, and monitoring and controlling processes performed to influence project outcomes
Effective Engagement Management for Accounting Firms MP159 7   check check   

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Generic Skills & Competencies (GSC)
Leadership and Professional Development
1.1 Communication
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Convey and exchange thoughts, ideas and information effectively through various mediums and approaches
Negotiation & Communication Skill            
Strategies of Effective Client Interviews for Auditors MP167 7 check check    
WSQ Apply Basic Negotiation Skills and Techniques WD002* 8  check check check  check
WSQ Lead Workplace Communication and Engagement WD005* 16     check  check
Communication techniques to handle difficult people MP034A 7 check check check  check 
Influence Skill            
Positive Influence At Work - The Art Of Getting What You Want At The Workplace MP041 7 check check check  check 
Written Communication skill            
Writing impactful business correspondence and reports MP110 7 check check  check  
Professional Business Writing that Gets You Results MP133 14 check check  check  
Presentation skill            
Presentation Skills - Bring the Numbers Alive! MP157 7   check check  
Presentation Skills – Present like a professional MP155 7   check check check
Presenting Intelligence™: Where STYLE meets SUBSTANCE MP112 14     check check
Impactful Presentation Skills for Practitioners MP163 7       check
1.2 Creative Thinking
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Adopt a fresh perspective to combine ideas or information in new ways and make connections between seemingly unrelated fields to create new ideas and applications
Light Up your Bulb! Creative Thinking Skills for Accountants MP062A 14 check  check  check check
1.3 Developing People
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Help others to learn and develop their capabilities to enhance their performance and achieve personal or professional goals
Coaching for Performance Improvement MP031 7   check check  check
Coaching and Mentoring Skills for Managers MP043 7     check  check
Supervisor's Essential Journey MP101 7   check check  check
1.5 Leadership
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Lead others to achieve objectives in the most effective way; Provide an inclusive workplace that cultivates workplace relationships and teamwork, and foster the development of others
Leadership Development Program for Managers: Lead With Impact By Enacting Transformational Behavioral Traits MP139 14     check   
1.6 Lifelong Learning
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Seek out opportunities to enhance one’s knowledge and skills; Access and acquire new knowledge and skills actively for continual learning
Buzan Sharpen your Memory MP096E* 7 check   check check  
Effective Brain Smart Skills For Workplace Productivity MP097E* 14 check check check  
Effective Personal Productivity MP129ET* 7 check check check  
1.7 Problem Solving
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Generate feasible and efficient solutions to solve problems and capitalise on new opportunities
Becoming a Creative Accountant: Analytical and Creative Problem Solving MP057 7 check   check check  
WSQ Display Critical Thinking and Analytical Skills WD001* 16 check check check  
WSQ Solve Problems and Make Decisions at Managerial Level WD006* 16     check check 
1.8 Resource Management
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Efficient and effective deployment and allocation of resources when and where they are needed; Include planning, allocating and scheduling of resources to tasks, which typically include manpower, machines, money and materials
Effective Time Management for Productivity MP002A 7  check check  check   
1.9 Transdisciplinary Thinking
Course Title   Course Code CPE Hours  Proficiency Level
FDN
INT
ADV
 EXP
Understanding of concepts across multiple disciplines, with the capacity to synthesise the knowledge and insights to guide decisions and foster cooperation
Fundamental Art of War Thinking for Auditors & Accountants MP105 7     check  check 

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ISCA Seminar / Conference
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* Courses not eligible for Practitioner's Package