.png?sfvrsn=dd675fd5_2)
-(1).png?sfvrsn=db949de5_0)
6a6c7fe2013f4be3b0ecc0a5930da5c9.jpg?sfvrsn=ab5334c8_0)
/business-management-global-connection/istock-1167579720-c.jpg?sfvrsn=ff93f9a5_2)
/audit-assurance/istock-1169206203-c.jpg?sfvrsn=1d6f9b25_6)
/professionals/istock-845530100-c.jpg?sfvrsn=46efdedd_2)
/ethics-and-professionalism/istock-1141115724-c.jpg?sfvrsn=4e54d691_2)
/audit-assurance/istock-818732836-c-v3.jpg?sfvrsn=ae44e7b7_0)
.png?sfvrsn=905ee1bd_0)
/legal-secretarial/istock-866706340-c.jpg?sfvrsn=d7f57b8c_2)
-
Local News
ISCA Invites Comments on Exposure Draft for SSA 600 (Revised), Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors)
23 Nov 2022
SSA 600 (Revised) deals with special considerations that apply to a group audit, including when component auditors are involved. The proposed standard includes new and revised requirements for better alignment with recently revised standards (such as the quality management standards) and strengthens the auditor’s responsibilities related to planning and performing a group audit, among other revisions. Please send your comments on the exposure draft to professionalstandards@isca.org.sg by 23 December 2022.
-
Local News
IAASB Issues Guidance on How Amendments Made to IFRS Standard IAS 1 Impact the ISAs
22 Nov 2022
The International Auditing and Assurance Standards Board (IAASB) has published new guidance to help users understand the impact on the International Standards on Auditing (ISAs) due to narrow-scope amendments made to International Accounting Standard (IAS) 1, Presentation of Financial Statements. In the local context, ISCA would be updating the illustrative auditor’s report in the Singapore Standards on Auditing (SSAs) to be aligned with the amendments to SFRS(I) 1–1 / FRS 1, Presentation of Financial Statements.
-
Local News
ISCA Invites Comments on IAASB’s Exposure Draft: Proposed ISA 500 (Revised) Audit Evidence and Proposed Conforming and Consequential Amendments to Other ISAs
09 Nov 2022
ISA 500 (Revised) deals with the auditor’s responsibilities relating to audit evidence when designing and performing audit procedures. Please send your comments on the exposure draft to professionalstandards@isca.org.sg by 16 December 2022.
-
SR News, FR Local News, Local News
ISCA Issues Technical Bulletin 1 Addressing Climate-Related Risks in Financial Statements and Audits of such Financial Statements (TB 1)
28 Oct 2022
Arising from the strong focus on climate globally and in Singapore, TB 1 provides guidance on climate-related risk considerations in financial reporting and audits of financial statements. It also includes an example of a Singapore entity in the transportation industry to illustrate how climate-related risks could affect how the principles of the financial reporting standards and auditing standards are applied.
-
Local News
ISCA Issues Audit Bulletin 3 Implementation of Quality Management Standards (AB 3)
16 Aug 2022
This audit bulletin contains frequently asked questions to assist firms that perform audits or reviews of financial statements, or other assurance or related service engagements in the implementation of the quality management standards which will become effective from 15 December 2022.
-
Local News
ISCA Invites Comments on IAASB’s Exposure Draft: Proposed Narrow Scope Amendments to ISA 700 (Revised) Forming an Opinion and Reporting on Financial Statements and ISA 260 (Revised) Communication with Those Charged with Governance
10 Aug 2022
The proposed narrow scope amendments are intended to operationalise the changes to the IESBA’s International Code of Ethics for Professional Accountants (including International Independence Standards) related to listed and public interest entities, which require firms to publicly disclose when the independence requirements for public interest entities have been applied in an audit of financial statements. Please send your comments on the exposure draft to professionalstandards@isca.org.sg by 9 September 2022.
-
Local News
ISCA Issues Updated Auditing and Assurance Pronouncements Arising from Revised Legislation Titles
18 Jul 2022
The updates of legislation titles in the Auditing and Assurance Pronouncements are editorial amendments to align the short titles of the Singapore Acts of Parliament currently referenced in the ISCA Auditing and Assurance Pronouncements to the revised short titles arising from the 2020 Revised Editions of Acts
-
Local News
ISCA Issues Conforming and Consequential Amendments to Other Singapore Standards[1] as a Result of the New and Revised Quality Management Standards
29 Jun 2022
The conforming and consequential amendments are limited amendments to the ISCA suite of standards in response to the quality management standards.
-
Local News
ISCA Issues Audit Guidance Statement (AGS) 1 (Revised June 2022), Sample Independent Auditor’s Reports
13 Jun 2022
Two new agreed-upon procedures (AUP) reports have been added to AGS 1: • Appendix 5B AUP Report in connection with the Economic Development Board Tax Incentive Scheme • Appendix 5C AUP Report in connection with the Enterprise Singapore Global Trader Programme
-
Local News
ISCA Issues Audit Guidance Statement (AGS) 11 (Revised 2022), Comfort Letters and Due Diligence Meetings
13 Jun 2022
AGS 11 has been revised to clarify in Appendix 2, Examples 1 and 2, that the engagement to prepare and issue a comfort letter is to be carried out in accordance with this AGS.
Displaying results 21 - 30 of 63 search results