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Audit Quality, Technical Articles
Professional Skepticism: An Essential Attitude
31 Jul 2014
The exercise of professional skepticism is fundamental to the successful performance of auditors, audit firms, and the audit profession as a whole in discharging their responsibilities to capital markets and to society at large.
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Audit Quality, Technical Articles
Critical Aspects to Optimise SSQC 1 Implementation – For Sole Practitioners during the Infant Stages
19 Mar 2014
Over the past few years, there has been increasing awareness of the Singapore Standard on Quality Control 1 (SSQC 1) Quality Control for Firms that Perform Audits and Reviews of Financial Statements, Other Assurance and Related Services Engagements.
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Audit Quality, SSQC 1
Inaugural ISCA SSQC 1 Survey – Understanding SMPs’ SSQC 1 Implementation
06 Jan 2014
In today’s global economic architecture where things move at breakneck speed, financial reporting and auditing regulations are also evolving in tandem.
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Audit Quality, SSQC 1
Implementing SSQC 1 for Sole Practitioners – Challenges And Solutions (Part 2)
02 Dec 2013
Published in IS Chartered Accountant, November 2013, we highlighted the challenges faced by five practitioners who are in varying stages of implementing SSQC 1 in their sole proprietorships.
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Audit Quality, SSQC 1
Implementing SSQC 1 for Sole Practitioners – Challenges And Solutions (Part 1)
04 Nov 2013
Against the backdrop of rising expectations by stakeholders in the financial eco-system on the quality of public accounting firms, it is ever more important for firms to embark on the implementation of the Singapore Standard on Quality Control 1 (SSQC 1) Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements.
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Audit Quality, SSQC 1
Boosting the Quality and Efficiency of Smaller Entity Audits With Automation and Streamlined Processes including Quality Control
07 Oct 2013
The pace of change and increased complexity in audit and financial reporting standards over the past few years has been dramatic and may weigh disproportionately on smaller accounting practices which typically audit smaller entities.
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Audit Quality, Technical Articles
Elements of SSQC 1 – Engagement Performance (Part II)
11 Aug 2013
This is the second of a two-part series on the elements of SSQC 1 – Engagement Performance, focusing on the components of “Differences of Opinion”, “Engagement Quality Control Review” and “Engagement Documentation”.
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Audit Quality, Technical Articles
Elements of SSQC 1 – Engagement Performance (Part I)
03 Jul 2013
This is the first of a two-part series on the elements of SSQC 1 – Engagement Performance, focusing on the components of “Planning, Supervision and Review” and “Consultation”.
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Audit Quality, Technical Articles
SSQC 1 Application – Your Firm’s Top Five “To-do” List
09 Jun 2013
There has never been a time of such sweeping change in the accounting profession as we are experiencing today.
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Audit Quality, Technical Articles
SSQC 1 Application – Tips and Resources for Cost-Effective Implementation
08 May 2013
Singapore Standard on Quality Control 1 (SSQC 1) Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements focuses on quality control at the firm level, and other pronouncements issued by the Institute of Certified Public Accountants of Singapore (ICPAS) may set out additional standards and guidance for quality control at the engagement level for specific types of engagements.