Welcome to ISCA’s centralised Knowledge Centre! Here you will find the latest news on developments in the technical front. You will also discover relevant and useful resources aimed at empowering our members with knowledge in core and other disciplines.
ISCA has issued EP 100 Implementation Guidance 5 (EP 100 IG 5) to assist audit firms with audit clients that are listed entities in fulfilling the requirements of revised paragraph SG410.27A of EP 100 (revised on 7 September 2022) which introduces a new concept of “audit-related services” (ARS).
Amongst others, EP 100 IG 5 contains an illustrative example of the fee proportion computation required under the revised paragraph SG410.27A and a non-exhaustive list of common examples of ARS along with the rationale behind each example.
ISCA Issues Technical Bulletin 1 Addressing Climate-Related Risks in Financial Statements and Audits of such Financial Statements (TB 1)
Arising from the strong focus on climate globally and in Singapore, TB 1 provides guidance on climate-related risk considerations in financial reporting and audits of financial statements. It also includes an example of a Singapore entity in the transportation industry to illustrate how climate-related risks could affect how the principles of the financial reporting standards and auditing standards are applied.
ISCA Issues FRG 4 Accounting Considerations For A Special Purpose Acquisition Company (SPAC) Under SGX SPAC Listing Framework
In recent years, SPACs have gained popularity as an alternative vehicle for a private company to achieve a stock exchange listing without going through its own initial public offering (IPO).
Cognisant that the accounting of a SPAC transaction could be more complex than for a traditional IPO, ISCA has developed Financial Reporting Guidance 4 (FRG 4) to provide guidance on key accounting considerations for SPACs under the SGX SPAC Listing Framework.
ISCA Directory features Singapore’s leading professional service firms in Accountancy, Finance and Business. The directory serves as a key publication of ISCA and profiles ISCA members to the local and international business community. ISCA Directory is the first ever and only dedicated platform that showcases the service offerings of Singapore’s Accounting firms and their affiliated businesses. It contains key contact information of ISCA members, including executive contacts’ details. Being the national accountancy body, ISCA strongly recognises the need to promote and develop the industry through a consolidated effort. The print version of the directory is distributed extensively to local and foreign government agencies, trade associations, embassies, foreign enterprises and ISCA strategic partners. The internet version of the directory is promoted through ISCA channels and networks and available to a global audience. The directory serves as an excellent platform for Accounting firms to expand their market reach in the Singapore market and beyond. We are pleased to welcome you to start sourcing for your professional service needs with ISCA Directory.