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Technical Clinic
Property, Plant and Equipment, and Investment Properties – Highlights of Technical Clinic
01 Jul 2013
Property, plant and equipment (PPE) is held for use in an entity’s business activities.
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Technical Clinic
SSA 600: Group Audits – Highlights of Technical Clinic
03 Jun 2013
Group audits raise a variety of issues. The group structure can be complex and the existence of numerous components within the group means that there may be several firms of auditors involved.
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Technical Clinic
Related Parties and Financial Statements: Who, What and Why – Highlights of Technical Clinic
06 May 2013
Related parties (RPs) are not independent of each other and therefore users of the financial statements are generally interested to understand the relationship between RPs and the potential financial impact of the transactions entered into with RPs on the financial statements.
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Technical Clinic
Profit and Loss – Highlights of Technical Clinic
08 Apr 2013
Since year 2008, common deficiencies relating to profit and loss components, for accounting firms that audit the non-public interest entities (non-PIE), were frequently highlighted in the practice monitoring programme.
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Technical Clinic
Accounts Receivables – Highlights of Technical Clinic
04 Mar 2013
Since 2008 there have been repeated findings in the audit of accounts receivable (AR) from the practice monitoring programme for audit practices in the non-public interest entities (non-PIE) segment.
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Technical Clinic
Post-Balance Sheet Events Review – Highlights of Technical Clinic
04 Feb 2013
In the last five years of the practice monitoring programme (PMP), post-balance sheet events review (PBSE) performed by the public accountants, particularly those in the small and medium-sized practices (SMPs), has been an area with frequent findings.
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Technical Clinic
Functional Currency – Highlights of Technical Clinic
07 Jan 2013
In today‘s business environment, it is common for entities to expand their customer base to overseas markets or source for the best vendor in terms of quality and pricing which may results in purchasing from overseas vendors.
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Technical Clinic
Audit of Inventories – Highlights of Technical Clinic
03 Dec 2012
For a manufacturing or trading company, the inventory balance is usually a material item on the balance sheet.
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Audit Quality, Technical Clinic, SSQC 1
Audit Quality Control – Highlights of Technical Clinic
03 Dec 2012
In view of the increasing emphasis on Singapore Standard on Quality Control 1 (SSQC 1), ICPAS organised a technical clinic on Audit Quality Control with focus on SSQC 1 for a group of practitioners on 26 September 2012.
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Technical Clinic
Construction Contracts – Highlights of Technical Clinic
05 Nov 2012
On 22 August 2012, a technical clinic on the topic FRS 11 Construction Contracts was held for a group of practitioners facilitated by an experienced practitioner.