SSQC 1 Survey

We have successfully completed our inaugural SSQC 1 survey in September 2013. The purpose of the survey is to gain an understanding of the state of implementation of SSQC 1 by Small and Medium-sized Practices (SMPs) in Singapore. This will further aid us to develop effective programmes and activities to support SMPs in implementing SSQC 1. We would like to thank all the respondents who have participated in the survey.

To find out about the key findings of the survey, please click here.

If you are interested to read more on publications relating to SSQC 1 published by other bodies and other relevant materials, you may access the following resources:

  • Audit Practice Bulletins by Accounting and Corporate Regulatory Authority, read more
  • Guide to Quality Control for Small and Medium-sized Practices by International Federation of Accountants, read more
  • Applying SSQC 1 Proportionately with the Nature and Size of a Firm by International Auditing and Assurance Standards Board, read more
  • Guide to Practice Management for Small and Medium-sized Practice: 

    • Planning for your firm:
      The essential ingredient for success is for every public accounting firm to know its own strategy. There is not necessarily a single right or wrong direction for a firm. Successful firms can be highly specialised or general, focusing on traditional accounting/auditing services or advisory services. This publication examines the business and strategic planning processes and the more detailed policies that govern the development and implementation of the strategic plan within your firm, 
      read more 

    • Practice models and networks:
      If an accounting firm is built on a solid foundation of good decision-making, ethical and efficient processes, and a balanced team of committed leaders, it can be confident about its long term future. This module looks at the structural considerations inherent in owning or running an accounting firm, and the various models available. It includes examination of profit sharing and decision making within a firm and the use of networks to add value and grow profitability, 
      read more

    • People power: Developing a people strategy:
      The degree to which your firm can provide good service and be successful is determined by the caliber of your staff and your leadership. This module examines key elements that will play a pivotal role in achieving your firm’s objectives—people. This module explores your role as a leader as well as the staffing issues that have to be addressed as your firm grows, including your firm’s ability to attract, retain, motivate, and train its employees, 
      read more