Welcome to ISCA’s centralised Knowledge Centre! Here you will find the latest news on developments in the technical front. You will also discover relevant and useful resources aimed at empowering our members with knowledge in core and other disciplines.
Auditor Independence when Providing Non-Assurance Services
- ISCA unveiled the findings of its inaugural survey on the views of audit committee members regarding the provision of non-assurance services (NAS) by auditors.
ISCA issued FRB 8 to provide guidance on the accounting for Foreign Worker Levy Waiver & Rebate on 24 Dec 2020. ISCA also issued FRB 5, FRB 6 and FRB 7 to provide accounting guidance on other COVID-19 Government Relief Measures.
ISCA has issued FRG 3 Preparation of Interim Financial Statements under SFRS(I) 1-34 Interim Financial Reporting (in compliance with the SGX Listing Rule 705(3A)) and two sets of Illustrative Condensed Interim Financial Statements to assist issuers in understanding the implications of SGX Listing Rule 705(3A) and applying SFRS(I) 1-34’s requirements in their preparation of interim financial statements.
All ISCA members must adhere to EP 100 Code of Professional Conduct and Ethics. EP 100 is modelled after the Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants (IESBA) of the International Federation of Accountants (IFAC). It also encompasses any SG provisions included in the Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities issued by the Accounting and Corporate Regulatory Authority (ACRA).