Practitioners Conference 2021

At the Lead of Change



ISCA’s flagship event for practitioners and the final instalment of the Singapore Accountancy and Audit Convention (SAAC) Series.

This year’s Practitioners Conference emphasises the role of auditors as leaders in the face of change, and the need to respond to change quickly to continuously bring value to stakeholders. Covid-19 provoked fundamental changes and shifts, shaking up historical norms, and inspired new business and operating models. The profession needs to move faster than the change in the business environment and be a partner to businesses’ change agenda. 

Join us as industry leaders discuss some of these challenging areas facing the profession. The Conference will also drive the important theme of audit quality, an important core of the audit profession. 




Welcome Address

Mr Kon Yin Tong, President, Institute of Singapore Chartered Accountants


Keynote Address by Guest-of-Honour

Mrs Tan Ching Yee, Permanent Secretary (Finance), Ministry of Finance

1.30pmPanel Discussion: At the Lead of Change

The pace of change seems to be accelerating at a rate impossible to fathom. Covid-19 provoked fundamental changes and shifts, shaking up historical norms, and inspired new business and operating models. The question is no longer “whether” and “how” the auditor needs to acclimate in view of these changes; it’s “how fast?”

This panel discussion emphasises the role of auditors as leaders in the face of change, and the need for the profession to move faster than the change in the business environment to be a partner to businesses’ change agenda.


Mr Lee Eng Kian, Managing Partner, PKF-CAP LLP


  • Ms Kuldip Gill, Assistant Chief Executive, Accounting & Compliance Group, Accounting and Corporate Regulatory Authority
  • Mr Marcus Lam, Executive Chairman, PricewaterhouseCoopers LLP
  • Ms June Sim, Senior Vice President and Head, Listing Compliance, Singapore Exchange Regulation
  • Mr KG Tan, Managing Director, Precursor Assurance PAC

Quality Management in the New Norm

COVID-19 has accelerated the implementation of technology in audits, and this has been reflected in revisions to auditing standards and guidance to allow for innovation and deployment of technological audit tools. The changes in the suite of Quality Management Standards will go a long way towards advancing the audit profession, achieving high quality audit engagements, generate value for the stakeholders in the financial reporting ecosystem, and ultimately maintaining public trust.

To promote high quality audit, ACRA will be enhancing its audit regulatory regime to widen the scope of inspection powers through amendments to the Accountants Act. ACRA will be sharing the key proposed legislative amendments as well as highlight observations from its firm level and engagement inspections, common and recurring deficiencies, and key reminders to guide the audit profession in upholding high quality audits.


Ms Kuldip Gill, Assistant Chief Executive, Accounting & Compliance Group, Accounting and Corporate Regulatory Authority

3.00pmScreen Break - 15mins

Emerging Risks and Considerations from Infrastructure Sector Growth

Infrastructure investments are critical to providing basic needs and are a key driver of economic recovery and long-term growth. In Southeast Asia, infrastructure investment needs are estimated to be USD 184 billion per annum from 2016 to 2030. With a fuelled growth in the sector, the potential risks, whether business or financial, that could arise during the infrastructure project lifecycle will also evolve. What are the emerging risks and considerations arising from the rapid infrastructure sector growth? Join us to find out more about the implications of these risks on the audit of infrastructure development companies now.


Mr Brendon Joyce, Associate Partner, Infrastructure Advisory, EY Corporate Advisors Pte. Ltd.


Audit Adjustments Matter (2nd edition): Unlocking the Value of Audits

Following ACRA’s 2014 study on the nature and extent of proposed audit adjustments for the listed companies in Singapore, ACRA has commissioned a second audit adjustment study to assess how listed companies have fared in recent years. This follow-up study, led by Dr Themin Suwardy (Singapore Management University) and Dr Lim Chu Yeong (Nanyang Technological University), will provide deeper insights into the nature and extent of common audit adjustments made by auditors, and highlight potential areas of improvement to raise the quality of financial reporting in Singapore. 


Dr Themin Suwardy, Associate Professor, Singapore Management University


Data Analytics: The Future of Audit 

In the age of digitalisation, data analytics is the immediate game-changer for the audit industry as the profession seeks to innovate its way to more effective audits in the face of mounting stakeholder expectations, business complexities, technological advancements and volume of transactions. Adapting to new technologies has never been more critical.

AGS 13 Data Analytics in a Financial Statements Audit was issued by ISCA to provide guidance for auditors on the key principles of the application of data analytics in the audit of financial statements.
In this segment, the Chairman of the AASC Data Analytics Sub-Committee, will share how data analytics can contribute to highly effective audits, and how auditors can kick-start their data analytics journey using AGS 13.



Mr Sanjay Gordhan Panjabi, Chairman, ISCA Auditing and Assurance Standards Committee (AASC) Data Analytics Sub-Committee; Deloitte Singapore Audit & Assurance Partner & Audit Innovation Leader, Deloitte Southeast Asia Audit Analytics Leader



Ethics and Independence in a Dynamic World

This segment addresses the role of auditors as ethical leaders under the Ethics Code, especially in the face of change in a dynamic world. It also introduces strengthening of guardrails around auditor independence, which increases in importance when business and operating models change.


Ms Caroline Lee, Chair of ACRA PAOC Ethics Sub-Committee; Deputy Chair of International Ethics Standards Board for Accountants (IESBA)


Panel Discussion: Raising the Bar for Quality Management in Audit Firms

The new and revised quality management standards1, that will become effective 15 December 2022, are expected to create a paradigm shift in the way audit firms approach quality management. The standards seek to address an evolving and increasingly complex audit ecosystem and a need for quality management systems that are proactive and adaptable.

This panel discussion will address the following pertinent areas:

  • How the new quality management standards can help elevate audit quality, which is a focus area in the current climate of increasing stakeholder expectations
  • Potential implementation challenges that may be faced by firms and how to address them
  • Perspectives of regulator on the rationale of the new quality management standards and expectations on how firms should implement these standards


Mr Ng Kian Hui, Audit Partner, Head of Audit & Assurance, BDO LLP


  • Mr Lee Tze Shiong, Director - Transformation and Quality/ Assurance, Nexia TS PAC
  • Ms Ng Meow Ling, Director and Chief Inspector, Practice Monitoring Department, Accounting and Corporate Regulatory Authority
  • Ms Tan Bee Nah, Partner, Assurance Standards and Technology Leader, PwC Singapore


1Quality Management standards consists of:

  • Singapore Standard on Quality Management (SSQM) 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements;
  • SSQM 2, Engagement Quality Reviews; and 
  • Singapore Standard on Auditing (SSA) 220 (Revised), Quality Management for an Audit of Financial Statements.
6.00pmEnd of Conference

*Programme is subject to changes without further notice



Kuldip GillBrendon Joyce
Marcus Lam

Kuldip Gill

Assistant Chief Executive, Accounting & Compliance Group, Accounting and Corporate Regulatory Authority

Brendon Joyce

Associate Partner, Infrastructure Advisory,

EY Corporate Advisors Pte. Ltd.

Marcus Lam

Executive Chairman,

PricewaterhouseCoopers LLP

Caroline LeeLee Eng Kian
Lee Tze Shiong

Caroline Lee

Chair, Ethics Sub-Committee, Public Accountants Oversight Committee (PAOC)

Deputy Chair, International Ethics Standards Board for Accountants (IESBA)

Lee Eng Kian

Managing Partner, PKF-CAP LLP

Lee Tze Shiong

Director - Transformation and Quality/ Assurance, Nexia TS PAC

Ng Kian Hui
Ng Meow Ling

Ng Kian Hui

Audit Partner, Head of Audit & Assurance, BDO LLP

Ng Meow Ling

Director and Chief Inspector, Practice Monitoring Department, Accounting and Corporate Regulatory Authority

Sanjay Gordhan Panjabi

Chairman, ISCA Auditing and Assurance Standards Committee (AASC) Data Analytics Sub-Committee; Deloitte Singapore Audit & Assurance Partner & Audit Innovation Leader, Deloitte Southeast Asia Audit Analytics Leader

June Sim
Themin Suwardy
Tan Bee Nah

June Sim

Senior Vice President and
Head, Listing Compliance, Singapore Exchange Regulation

Themin Suwardy

Associate Professor, Singapore Management University

Tan Bee Nah

Partner, Assurance Standards and Technology Leader, PwC Singapore

KG Tan  

KG Tan

Managing Director, Precursor Assurance PAC





Important Notice: In view of the COVID-19 situation and to minimize the risk of community spread, we would like to inform that we have changed the format of the seminar to a live webinar. The live webinar will be web-based and accessible via desktops, laptops and any other mobile devices. For all registrants, a detailed set of instructions on how to access the webinar will be sent before the start of the live webinar.


Strategic Partners


Supporting Partner









Uipath has a vision to deliver the Fully Automated Enterprise, powered by an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organisation to rapidly scale digital business operations. Headquartered in New York City, UiPath was named a 2020 CNBC Disruptor 50 company and #3 on Forbes Cloud 100 in 2020.

UiPath Singapore Pte Ltd, a registered entity in Singapore, provides services to local business directly and through a network of system integrators and partners.









Xero is a cloud-based accounting software platform for small businesses with over 2.7 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 1,000 third-party apps and 300 plus connections to banks and other financial partners. It was ranked No. 1 by Forbes as the World's Most Innovative Growth Company for two years running. In 2021, Xero was named the 2021 Asia-Pacific small and medium enterprise (SME) Accounting Software Vendor of the Year by global research and consulting firm, Frost & Sullivan in its 2021 Best Practices Awards. 






BlackLine automates complex, manual & repetitive accounting processes & enables companies to move beyond the legacy record-to-report process.

No matter your role in the accounting department, your job is challenging. You might be responsible for preparing reconciliations, recording journal entries, and validating data or reports, or managing a team of overworked, underutilized people working across disparate systems, processes, and spreadsheets. Or maybe, you close the month with a pit in your stomach, thinking, 'maybe I should check one last time' before signing off on your financial statements. Substantiating balance sheet accounts and delivering trusted financials doesn't have to be a brute force finish that leaves you wondering what you missed. BlackLine helps organizations of every size transform their month-end close by streamlining, standardizing and automating account reconciliations.


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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 more than 345,000 people worldwide make an impact that matters at

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 member firms do not practice law where prohibited by local laws. For more information about our organization, please visit





Ingenique’s flagship SentroWeb is now Pre-Approved AML/CFT Screening Solution for SMEs GO DIGITAL, with up to 80% grant available. 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 1,000 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. Contact us at +65 – 6929 8340 , or visit


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KPMG operates as an international network of member firms offering audit, tax and advisory services. We work closely with our clients to mitigate risks and grasp opportunities.
Our firms' clients include business corporations, governments and public sector agencies and not-for-profit organizations. They look to us for a consistent standard of service based on high order professional capabilities, industry insight and local knowledge.
KPMG member firms can be found in 153 countries and territories. Collectively we employ 207,000 people across a range of disciplines.









At PwC, our purpose is to build trust in society and solve important problems. We're a network of firms in 156 countries with over 295,000 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


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 or the SAP Concur blog.


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Workiva Inc. (NYSE: WK) simplifies complex work for thousands of organisations worldwide. Customers trust Workiva’s open, intelligent and intuitive platform to connect data, documents and teams. The results: improved efficiency, greater transparency and less risk.



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Contact Us

If you have any registration enquiries regarding the Practitioners Conference, please contact:

Member Services Centre

If you are interested in sponsorship opportunities for SAAC Series, please contact:

Ariana Tan (Ms)
Manager, Industry Support

For all other enquiries, please contact:

Past Practitioners Conference

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