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Archived local and international news
IFAC Global Survey: SMP Accountants Expect Advisory Services & Tax to Drive Business
24 Mar 2015
Optimistic about 2015 Growth
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Archived local and international news
Global Audit Inspection Survey Finds Recurring Audit Deficiencies in Same Areas
15 Mar 2015
The latest global survey of audit inspections by the International Forum of Independent Audit Regulators (IFIAR) has found recurring and high levels of deficiencies in key areas of public company audits.
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Archived local and international news
Withdrawal of AGS 8
24 Feb 2015
Audit Guidance Statement (AGS) 8, Reports on the Internal Control Procedures of Service Organisations was previously developed to provide guidance to reporting accountants engaged to report on internal control procedures relating to specific areas or functions performed by service organisations.
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Archived local and international news
IAASB Releases Information-Gathering Survey on Quality Control
18 Feb 2015
The International Auditing and Assurance Standards Board®(IAASB®) has issued a survey in connection with its new quality control initiative as outlined in the IAASB’s Strategy for 2015-2019 and the IAASB’s Work Plan for 2015-2016.
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Archived local and international news
IAASB to Consider Amendments to its International Standards in Response to IESBA's Work on NOCLAR
05 Feb 2015
At its upcoming meeting on June 15–19, 2015, the IAASB will discuss matters related to the International Ethics Standards Board for Accountants’® (IESBA®) proposals related to on responding to non-compliance with laws and regulations (NOCLAR).
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Archived local and international news
SSAE 3000 (Revised) and conforming amendments
02 Feb 2015
The Singapore Standard on Assurance Engagements (SSAE) 3000 (Revised), adopted from the International Standard on Assurance Engagements (ISAE) 3000 (Revised) issued by the International Auditing and Assurance Standards Board (IAASB), covers assurance engagements other than audits and reviews of historical financial information.
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Archived local and international news
3 Feb: SSA 800 (Revised) and SSA 805 (Revised)
02 Feb 2015
The revised standards are based on the International Standard on Auditing (ISA) 800 (Revised) and ISA 805 (Revised) respectively issued by the International Auditing and Assurance Standards Board (IAASB) and are effective for audits of financial statements for periods ending on or after 15 December 2016, in line with the effective date of the new and revised auditor reporting standards.
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Archived local and international news
Comments Sought on Proposals to Enhance Auditor Reporting on Special Purpose Financial Statements
02 Feb 2015
On 21 January 2015, the International Auditing and Assurance Standards Board (IAASB) released proposals to enhance auditor reporting on special purpose financial statements.
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Archived local and international news
Comments Sought on ED SSAE 3000 (Revised) and ED Singapore Framework for Assurance Engagements
02 Feb 2015
The Exposure Draft (ED) on Singapore Standard on Assurance Engagements (SSAE) 3000 (Revised) deals with Assurance Engagements Other Than Audits or Reviews of Historical Financial Information.
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Archived local and international news
Practical Experience requirements for Registration as a Public Accountant to take effect from 1 Feb 2015
29 Jan 2015
The new practical experience requirements for registration as a public accountant will take effect from 1 February 2015.