AGS 9 provides guidance on the audit approach for work to be performed by the auditors of financial statements of statutory boards on whether the receipts, expenditure, investment of moneys and the acquisition and disposal of assets by statutory boards are in accordance with the provisions of the statutory board acts.
The amendments proposed to AGS 9 are conforming amendments arising from the new and revised auditor reporting standards and Singapore Standard on Auditing (SSA) 720, The Auditor's Responsibilities Relating to Other Information.
The key conforming amendments to AGS 9 are as follows:
ISCA takes a leading role in advocating the views and proposals of the audit community in Singapore. ISCA would hence like to seek views from key stakeholders in Singapore on the above proposal.
ISCA requires all comments to be submitted to email@example.com by 12 February 2016.
Please click here for the ED AGS 9, Opinion on Receipts, Expenditure, Investment of Moneys and the Acquisition and Disposal of Assets by Statutory Boards.