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.
Auditor Independence when Providing Non-Assurance Services
- ISCA unveiled the findings of its inaugural survey on the views of audit committee members regarding the provision of non-assurance services (NAS) by auditors.
ISCA issued FRB 8 to provide guidance on the accounting for Foreign Worker Levy Waiver & Rebate on 24 Dec 2020. ISCA also issued FRB 5, FRB 6 and FRB 7 to provide accounting guidance on other COVID-19 Government Relief Measures.
ISCA has issued 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.
The Institute of Singapore Chartered Accountants (ISCA) and the Centre for Social Development (Asia), Department of Social Work, Faculty of Arts and Social Sciences, National University of Singapore (NUS), supported by the Charity Council and Chartered Institute of Management Accountants (CIMA), have come together to produce a series of articles that aims to explore the areas where accountants can volunteer their expertise in the charity sector in Singapore.
The seven articles were first published in the IS Chartered Accountant Journal and have been compiled into an electronic book, titled 'Accounting for Good'. This book may serve as a reference and resource to stakeholders in the Charity sector.