Public Consultation

Public Consultation

ISCA actively undertakes public consultation with its members and stakeholders to gather feedback on matters such as proposals in Exposure Drafts/Consultation Papers/Invitation to Comment/Discussion Papers/Request for Input issued by the International Auditing and Assurance Standards Board (IAASB), issuance of locally developed standards/guidance, and implementation issues pertaining to the application of auditing and assurance standards in Singapore. The proposed standards/guidance may be modified in light of comments received before being issued in its final form.

All responses should be sent to technical@isca.org.sg by the respective due dates as indicated below.

Description Published Date Comments Due By

ED Conforming Amendments to the IAASB’s International Standards

20 Nov 19 18 Dec 19

Discussion Paper, Audits of Less Complex Entities: Exploring Possible Options to Address the Challenges in Applying the ISAs

24 Jun 19 23 Jul 19
(Closed)
     

EDs for Quality Management at the Firm and Engagement Level, Including Engagement Quality Reviews

14 Mar 19 30 Apr 19
(Closed)
     

IAASB’s Proposed Strategy for 2020-2023 and Work Plan for 2020-2021

14 Mar 19 13 Apr 19
(Closed)
     

ED SSA 540 (Revised), Auditing Accounting Estimates and Related Disclosures and Conforming and Consequential Amendments to Other Singapore Standards Arising from SSA 540 (Revised)

10 Dec 18 9 Jan 19
(Closed)
     

ED ISRS 4400 (Revised), Agreed-Upon Procedures Engagements

3 Dec 18 31 Jan 19
(Closed)
     

ED SAP 2 (Revised), Auditors and Public Offering Documents

21 Sep 18 19 Oct 18
(Closed)
     

ED AGS 1, Sample Independent Auditor’s Reports – New Appendix 1J

24 Aug 18 23 Sep 18
(Closed)
     

ED ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement

23 Jul 18 22 Aug 18
(Closed)
     

ED ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures

8 Jun 17 7 Jul 17 
(Closed)
     

ED AGS 1 - Sample Independent Auditor’s Reports - Revision to Appendix 2

14 Dec 16 3 Jan 17 (Closed)
     

Discussion Paper, Exploring the Demand for Agreed-Upon Procedures Engagements and Other Services, and the Implications for the IAASB’s International Standards

13 Dec 16 12 Jan 17 (Closed)
     

Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics

23 Nov 16 22 Dec 16 (Closed)
     

ED AGS 1 – Sample Independent Auditor’s Reports - Revisions to Appendix 1 and 4

15 Sep 16 14 Oct 16 (Closed)
     

SSA 810 (Revised), Engagements to Report on Summary Financial Statements

22 Jun 16 21 Jul 16 (Closed)
     

AGS 11 Comfort Letters and Due Diligence Meetings

28 Mar 16 27 Apr 16 (Closed)
     

SSA 800 (Revised), Special Considerations – Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks and SSA 805 (Revised), Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement

7 Mar 16 6 Apr 16 (Closed)
     
Enhancing Audit Quality in the Public Interest: A Focus on Professional Scepticism, Quality Control and Group Audits (ITC) 1 Feb 16 29 Feb 16 (Closed)
     
AGS 9, Opinion on Receipts, Expenditure, Investment of Moneys and the Acquisition and Disposal of Assets by Statutory Boards 13 Jan 16 12 Feb 16 (Closed)
     
AGS 1, Sample Independent Auditor’s Reports – Revision to Appendix 3  27 Oct 15 12 Nov 15 (Closed)
     
SSA 720 (Revised), The Auditor’s Responsibilities Relating to Other Information  25 Sep 15 24 Oct 15 (Closed)
     
 Addressing Disclosures in the Audit of Financial Statements   25 Sep 15 24 Oct 15 (Closed)
     

ISA 810 (Revised), Engagements to Report on Summary Financial Statements

11 Aug 15 10 Sep 15 (Closed)
     

Proposed Amendments to the IAASB’s International Standards—Responding to Non-Compliance or Suspected Non-Compliance with Laws and Regulations (NOCLAR) 

3 Aug 15

2 Sep 15 (Closed)

     

Auditor Reporting

Reporting on Audited Financial Statements – Proposed New and Revised Singapore Standards on Auditing (SSAs) and Related Conforming Amendments

13 May 15 12 Jun 15 (Closed)
     
ISA 800 (Revised), Special Considerations - Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks and ISA 805 (Revised), Special Considerations - Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement 3 Feb 15 2 Mar 15 (Closed)
       
SSAE 3000 (Revised), Assurance Engagements Other Than Audits or Reviews of Historical Financial Information and conforming amendments to Singapore Framework for Assurance Engagements 3 Feb 15 2 Mar 15 (Closed)
     
Signing Convention for Assurance, Review and Related Services Engagements
22 Jul 14 18 Aug 14 (Closed)
     
Proposed Changes to the SSAs in Addressing Disclosures in the Audit of Financial Statements 17 Jun 14 14 Jul 14 (Closed)
     
SSA 720 (Revised), The Auditor's Responsibilities Relating to Other Information 30 May 14 26 Jun 14 (Closed)
     
SAP 2 (Revised), Auditors and Public Offering Documents 25 Mar 14 21 Apr 14 (Closed)
     
AGS 5 (Revised), Audits of Entities in Specific Industries, Professions or Vocations 16 Oct 13 13 Nov 13 (Closed)
     
Reporting on Audited Financial Statements: Proposed New and Revised Standards

IAASB Explanatory Memorandum
SSA 260 (Revised), Communication with Those Charged with Governance
SSA 570 (Revised), Going Concern
SSA 700 (Revised), Forming an Opinion and Reporting on Financial Statements
SSA 701, Communicating Key Audit Matters in the Independent Auditor’s Report
SSA 705 (Revised), Modifications to the Opinion in the Independent Auditor’s Report
SSA 706 (Revised), Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
Conforming Amendments to Other SSAs

4 Sep 13 9 Oct 13 (Closed)
     
SSA 610 (Revised 2013), Using the Work of Internal Auditors 23 Jul 13 19 Aug 13 (Closed)
     
SSRE 2400 (Revised), Engagements to Review Historical Financial Statements 18 Feb 13 17 Mar 13 (Closed)
     
SSA 610 (Revised), Using the Work of Internal Auditors 29 May 12 28 Jun 12 (Closed)
     
SSA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment 29 May 12 28 Jun 12 (Closed)
     
SSAE 3000 (Revised), Assurance Engagements Other Than Audits or Reviews of Historical Financial Information 12 Aug 11 22 Aug 11 (Closed)