IFAC Global Survey: Accountants' Performance Expectations for Coming Year Moderate but Remain Optimistic, Despite Concerns over Economic Slowdown

28 Feb 2016

Accountants working in small- and medium-sized practices (SMPs) are generally optimistic about performance in 2016, as a majority predict revenues will stay the same or increase across all service lines, according to the latest IFAC Global SMP Survey results (full report and summary).

Invitation to Comment on Enhancing Audit Quality in the Public Interest

31 Jan 2016

Audit Quality is at the heart of the International Auditing and Assurance Standards Board (IAASB)’s work as the global auditing standard setter.

Addressing Disclosures in the Audit of Financial Statements and its Conforming Amendments

14 Jan 2016

AGS 9, Opinion on Receipts, Expenditure, Investment of Moneys and the Acquisition and Disposal of Assets by Statutory Boards

12 Jan 2016

AGS 9 provides guidance on the audit approach for work to be performed by the auditors of financial statements of statutory boards on whether the receipts, expenditure, investment of moneys and the acquisition and disposal of assets by statutory boards are in accordance with the provisions of the statutory board acts.

Comments Sought on Conforming Amendments to AGS 9

12 Jan 2016

AGS 9 provides guidance on the audit approach for work to be performed by the auditors of financial statements of statutory boards on whether the receipts, expenditure, investment of moneys and the acquisition and disposal of assets by statutory boards are in accordance with the provisions of the statutory board acts.

Welcome Address by ACRA Chief Executive Mr Kenneth Yap at the ACRA-SGX-SID Audit Committee Seminar 2016

12 Jan 2016

ACRA Chief Executive Mr Kenneth Yap delivered the Welcome Address at the ACRA-SGX-SID Audit Committee Seminar held on 12 January 2016.

Gearing up Audit Committees for 2016 – Raising the Bar in Financial Reporting and Audit

11 Jan 2016

Over 400 audit committee and board members gathered at the annual Audit Committee Seminar today to hear first-hand from corporate regulators on their key areas of focus for 2016. ACRA, together with Singapore Exchange (SGX) and the Singapore Institute of Directors (SID) are joint organisers of the seminar.

IAASB Finalizes Changes for Auditor Reporting on Special Purpose Financial Statements

06 Jan 2016

The International Auditing and Assurance Standards Board® (IAASB®) today released ISA™ 800 (Revised), Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks, and ISA 805 (Revised), Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement.

IAASB Seeks Feedback on Standard-setting Activities to Enhance Audit Quality

16 Dec 2015

Audit quality is at the heart of the International Auditing and Assurance Standards Board® (IAASB®)’s work as the global auditing standard setter.

Amendments to Appendix 3 of AGS 1

01 Dec 2015

Audit Guidance Statement (AGS) 1, Sample Independent Auditors’ Report is a compilation of commonly used sample reports. Specifically this revision deals with the reports issued under the Singapore Standard on Assurance Engagement (SSAE) 3000 framework.