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Archived local and international news
SSA 720 (Revised) and its Conforming Amendments
24 Nov 2015
ISCA today issues the revised SSA 720. SSA 720 (Revised), which is based on ISA 720 (Revised) issued by IAASB, deals with the auditor’s responsibilities relating to other information (OI).
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Archived local and international news
The Future Relevance of Audit
18 Nov 2015
A lecture by Arnold Schilder, IAASB Chairman on how we can contribute to the future relevance of accountancy.
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Archived local and international news
ACRA issues Audit Practice Bulletin No 1 of 2015
15 Nov 2015
This APB seeks to provide guidance and clarity on the audit procedures necessary prior to placing reliance on the work performed by component auditors, and to reiterate the need to increase the level of rigour and professional scepticism expected of the public accountant when acting as the group engagement auditor, together with illustrative examples.
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Archived local and international news
AGS 1, Sample Independent Auditor’s Reports
26 Oct 2015
The Auditing and Assurance Standards Committee (AASC) had commenced on the revision of Audit Guidance Statement 1 (AGS 1) Sample Independent Auditor’s Reports in 2015.
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Archived local and international news
Companion Manual: Updated to Include the Guide to Compilation Engagements
20 Oct 2015
The International Federation of Accountants® (IFAC®), the global organization for the accountancy profession, today released an updated Companion Manual, which has been revised to include the recently launched Guide to Compilation Engagements.
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Archived local and international news
Groundbreaking audit quality indicators framework to raise quality of financial reporting in Singapore
12 Oct 2015
To further raise the quality of audits on financial statements in Singapore, the Accounting and Corporate Regulatory Authority (ACRA) today introduced an Audit Quality Indicators (AQIs) Disclosure Framework.
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Archived local and international news
Withdrawal of Audit Guidance Statement (AGS) 2
05 Oct 2015
AGS 2, Verification of Debtor Balances – Confirmation by Direct Communication provides guidance on the principles underlying the verification of debtor balances by direct communication.
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Archived local and international news
IFAC Member Compliance Program Strategy Approved
29 Sep 2015
The IFAC Member Compliance Program Strategy, 2016-2018 has been issued after consideration of the more than 70 responses received from a 60-day public consultation period and finalization with proper regard for the public interest.
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Archived local and international news
SSA 720 (Revised), The Auditor’s Responsibilities
24 Sep 2015
SSA 720, which is based on ISA 720, deals with the auditor’s responsibilities relating to other information (OI).
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Archived local and international news
25 Sep: Addressing Disclosures in the Audit of Financial Statements
24 Sep 2015
The revisions to the standards aim to focus auditors more explicitly on disclosures throughout the audit process and drive consistency in auditor behavior in applying the requirements of the ISAs.
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