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.
Being the national accountancy body, ISCA aims to be the voice for the Singapore accountancy profession at the international stage. Leveraging on the expertise of the ISCA Ethics Committee and the ISCA Technical Division, ISCA takes a leading role to advocate the views and proposals of the accountancy profession in Singapore. In tandem with the advocacy initiatives, ISCA actively listens to and seeks views from key stakeholder groups on both international and local proposals and pronouncements.