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 (revised on 7 September 2022) to adopt four IESBA’s final pronouncements relating to non-assurance services, fees, objectivity of an engagement quality reviewer and other appropriate reviewers, and quality management-related conforming amendments.
EP 100 (revised on 7 September 2022) also replaces extant paragraph SG410.4A with revised paragraph SG410.27A which is applicable to audit clients that are listed entities, and includes a new term, “audit-related services”, in the Glossary.
Public Consultation for Financial Reporting Guidances (FRGs)
ISCA issues Exposure Draft Financial Reporting Guidance 4 (ED FRG 4) “Accounting Considerations for a Special Purpose Acquisition Company (SPAC) under SGX SPAC Listing Framework”. ED FRG 4 provides an overview of SPAC and highlights key accounting considerations during the different phases of a SPAC lifecycle. If you have any views, please share with us at firstname.lastname@example.org by 7 October 2022.
ISCA issues FRG 3 Preparation of Interim Financial Statements under SFRS(I) 1-34 Interim Financial Reporting (in compliance with the SGX Listing Rule 705(3A)) and two sets of Illustrative Condensed Interim Financial Statements to assist issuers in understanding the implications of SGX Listing Rule 705(3A) and applying SFRS(I) 1-34’s requirements in their preparation of interim financial statements.
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