Practitioners Conference 2022
ISCA’s finale Conference for 2022 and flagship event for practitioners is back in-person and even better this year!
Themed Connecting the Trends of Tomorrow, the ISCA Practitioners Conference will spotlight the megatrends shaping the profession such as sustainability, technologies, cryptocurrency and quality management that will continue to grow in importance, changing how firms manage their practices, how audits will be conducted, and the value-add the profession can bring to businesses.
The Conference will also feature key practice-related topics such as adoption of provisions covering non-assurance services and fees and proliferation financing risks and what these mean for the profession. ACRA will also be sharing key highlights from their 2022 Practice Monitoring Programme Report.
With our exciting line-up of esteemed speakers and hot trending topics, we are sure you are as excited to join us! Be inspired with new perspectives, and connect with fellow practitioners, industry leaders and experts at the Conference.
Highlights of Past Practitioners Conference
|12.45pm||Address by ISCA|
Audit Megatrends of Tomorrow
|Sustainability - Implications on Financial Reporting and Auditing|
Much have been said about the importance of sustainability and climate change and stakeholders’ demand for sustainability-related information. However, how do these affect preparers and auditors of the financial statements?
|2.30pm||Driving Sustainable Audit Quality|
ACRA’s Practice Monitoring Programme (PMP) is a key instrument of ACRA’s regulatory oversight on the quality of the work of public accountants. High quality audits play a crucial role in fostering greater confidence in financial reports and thus driving trust in the financial reporting eco system.
To raise audit quality and enhance the regulatory regime in Singapore, amendments will be made to the Accountants Act, which will take effect in 2023. ACRA will highlight observations from its firm-level and engagement inspections and certain emerging areas of concern and introduce certain initiatives to enable the audit profession to drive sustainable audit quality.
Given the wide range of implications arising from of ESG considerations, the audit profession should build capacity and capabilities in this space, as the audit profession is well poised to seize this opportunity of providing assurance on sustainability reporting. Whilst the profession has embarked on digitalisation, this is an added impetus to adopt technology in audits.
Ms Kuldip Gill, CA (Singapore), Assistant Chief Executive (Accounting and Compliance Group), Accounting and Corporate Regulatory Authority
Building Trust in the Cryptocurrency World with Assurance
|Adoption of IESBA’s Non-Assurance Services (NAS) and Fee-related Provisions in Singapore|
ISCA has issued EP 100 (revised on 7 September 2022) with substantive changes to adopt the IESBA’s final pronouncements relating to NAS and fees. The revised EP 100 has also replaced the previous SG provision SG410.4A with a revised paragraph SG410.27A and introduced a new term, “audit-related services”. SG410.27A is applicable to audit clients that are listed entities.
ISCA Ethics Committee is planning to launch EP 100 Implementation Guidance 5 (IG 5) Frequently Asked Questions on Provision of Non-Audit Services to Listed Entities to assist professional accountants in public practice to fulfil the requirements of revised paragraph SG410.27A.
Our speaker will provide the audience with an overview of the key changes to the revised EP 100 (expected to be effective 15 December 2022) and share some frequently asked questions on NAS and fees.
Ms Eng Chin Chin, FCA (Singapore), Chairperson, ISCA Ethics Committee
|4.45pm||Address by Second Permanent Secretary (Ministry of Finance), Ms Lai Wei Lin|
|5.00pm||Proliferation Financing – Understanding Proliferation Financing & Sanction Risks|
Since the outbreak of Russia-Ukraine war, there has been unprecedented sanctions on individuals and entities. Financial Action Task Force (FATF) in Oct 2020 further strengthen Recommendation 1 to require financial institutions and Designated Non-Financial Businesses and Professions to identify and assess the risk of proliferation financing. This presentation provides an overview of the sanction landscape, the sanctions related risks, and what professional accountants can do to mitigate their sanction risks.
Mr Martin Lim, Founder & Director, Ingenique Solutions
|5.30pm||End of Conference|
*Programme subject to change
Eng Chin Chin
Lee Eng Kian
Founder & Director
AASC-FRC ESG Working Group
10 Bayfront Avenue
Level 4, Marina Bay Sands Expo and Convention Centre, Orchid Ballroom
Companies come to BlackLine (Nasdaq: BL) because their traditional manual accounting processes are not sustainable. BlackLine's cloud-based financial operations management platform and market-leading customer service help companies move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility. BlackLine provides solutions to manage and automate financial close, accounts receivable and intercompany accounting processes, helping large enterprises and midsize companies across all industries do accounting work better, faster and with more control. More than 3,800 customers trust BlackLine to help them close faster with complete and accurate results. The company is the pioneer of the cloud financial close market and recognized as the leader by customers at leading end-user review sites including Gartner Peer Insights, G2 and TrustRadius. BlackLine is a global company with operations in major business centers around the world including Los Angeles, New York, the San Francisco Bay area, London, Paris, Frankfurt, Tokyo, Singapore and Sydney. For more information, please visit blackline.com.
Xero is a cloud-based accounting software platform for small businesses with over 3 million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device. Xero offers an ecosystem of over 1000 third-party apps and 300 plus connections to banks and other financial partners.
In 2021, Xero was named “Innovator of the Year – Accounting Technology” by the Singapore Business Review in their Management Excellence Awards 2021 and “2021 Asia-Pacific SME Accounting Software Vendor of the year” by Frost & Sullivan
Alteryx powers analytics for all by providing our leading Analytics Automation Platform. Alteryx delivers easy end-to-end automation of data engineering, analytics, reporting, machine learning, and data science processes, enabling enterprises everywhere to democratize data analytics across their organizations for a broad range of use cases. More than 8,000 customers globally rely on Alteryx to deliver high-impact business outcomes. To learn more, visit www.alteryx.com.
Confirmation helps you, your auditors and bankers confirm sensitive financial data quickly and securely. Confirmation invented electronic confirmation 20 years ago, reshaping the audit confirmation process to make it faster, more efficient and secure. We are now a leading provider of online audit confirmation services. Today, Confirmation helps 1.5 million users across 170 countries confirm more than $1 trillion in financial data every year, as in bank confirmation, legal confirmation, AR/AP confirmation, and asset verification, among others. Our global digital platform is trusted by audit firms, banks, law firms and credit managers all around the world to verify financial data quickly and securely. Go paperless and move online to Confirmation now.
Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s approximately 415,000 people worldwide make an impact that matters at www.deloitte.com.Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.
EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com/sg.
Ingenique’s flagship SentroWeb is now a Pre-Approved AML/CFT Screening Solution for SMEs GO DIGITAL. Eligible companies can get up to 70% funding support from Productivity Solutions Grant (PSG). Ingenique Solutions is the leading Anti-Money Laundering/ Countering the Financing of Terrorism (AML/CFT) solution providers. We are a partner of Dow Jones for AML screening, which is a top provider in AML data source. Dow Jones database (includes Factiva data) covers worldwide more than 33,000 sources with more than 3 million profiles of blacklisted individuals and entities, and Politically Exposed Persons (PEP), criminals, and local adverse media. It is trusted by major global banks and regulators. More than 1,600 clients in Singapore and globally, from the public accounting, company secretarial, legal, real estates, precious stones/metals industry use SentroWeb to comply with the AML/CFT regulatory requirements.y secretarial, legal, real estates, precious stones/metals industry use SentroWeb to comply with the AML/CFT regulatory requirements. Contact us at +65 – 6929 8340 , or visit https://www.ingenique.net.
KNAV is a full-service global accounting and consulting firm founded in 1999 with expertise in assurance, taxation, valuations, transfer pricing, accounting advisory, and business advisory services. In our 20+ years of existence, we have won numerous accolades and awards for our exceptional client service.
Today, KNAV is a global organization with 200+ professionals located in six countries: Singapore, the United States, Canada, the United Kingdom, the Netherlands, and India. Also, KNAV is a part of Allinial Global, which is the 2nd largest accounting firm association in the world, further enhancing our ability to deliver seamless, high-quality service to our clients.
KNAV's Asia Pacific focus continues to drive our commitment to developing our practice in Singapore through partnerships and collaborations, and we will always provide exemplary professional services to our clients.We can be reached at firstname.lastname@example.org or viewed at www.knavcpa.com
KPMG in Singapore is part of a global organisation of independent professional services firms providing Audit, Tax and Advisory services. We operate in 144 countries and territories with more than 236,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
At PwC, our purpose is to build trust in society and solve important problems. We're a network of firms in 155 countries with over 284,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com/sg.
SAP® Concur® is the world’s leading brand for integrated travel, expense, and invoice management solutions, driven by a relentless pursuit to simplify and automate these everyday processes. The highly-rated SAP Concur mobile app guides employees through business trips, charges are directly populated into expense reports, and invoice approvals are automated. By integrating near real-time data and using AI to analyze transactions, businesses can see what they’re spending, improve compliance, and avoid possible blind spots in the budget. SAP Concur solutions help eliminate yesterday’s tedious tasks, make today’s work easier, and support businesses to run at their best. Learn more at concur.com.sg or the SAP Concur blog.
UiPath has a vision to deliver the Fully Automated Enterprise™, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.
Wolters Kluwer is a global leader in professional information and software solutions for tax and accounting. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.
The group serves customers in over 180 countries and operates in over 40 countries, including Singapore. From our award-winning CCH Engagement audit software to our CCH Intelliconnect tax research and advisory tools, our solutions help accounting and audit professionals across Asia drive quality outcomes every time. For more information, visit https://www.wolterskluwer.com/en-sg/solutions/tax-and-legal.
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