Practice Monitoring Programme

Hot Review Panel

Under the Practice Monitoring Programme, one of the orders that may be issued by the Public Accountants Oversight Committee is for the work of the public accountant to be subject to a review (also commonly known as a "hot review") for a stipulated period, by another suitably qualified person, when he provides public accountancy services. Under this order, a public accountant cannot sign off an audit engagement unless an independent reviewer has reviewed the audit work that has been performed. The purpose to subject the work of the public accountant to a review is to uphold audit quality by enabling the public accountant to improve his work under the supervision of a suitably qualified public accountant or former public accountant. The public accountant under review may engage any suitably qualified public accountant or former public accountant to be the reviewer (also commonly known as a "hot reviewer") so long as there are no conflict of interest and independence issues. In order to facilitate the engagement of hot review partners, the Institute append below the panel of hot review partners.

Please refer to ACRA website at https://www.acra.gov.sg/public-accountants/regulatory-notices/orders-issued-on-public-accountants-non-compliance-with-paoc-order for the list of public accountants whose registration were suspended/ cancelled due to non-compliance of orders from Public Accountants Oversight Committee.

Click here to access the panel of hot review partners.

Peer Review Panel

The Public Accountants Oversight Committee has determined that the public accountant who did not pass the Practice Monitoring Programme ("PMP") conducted on them is to appoint a reviewer to carry out a Peer Review on any three of his audit engagements before the revisit review. The public accountant who did not pass the PMP conducted on them may engage any suitably qualified public accountant or former public accountant to be the reviewer so long as there are no conflict of interest and independence issues. In order to facilitate the engaging of peer review partners, the Institute append a panel of peer review partners.

Click here to access the panel of peer review partners.