Quality Assurance Seminar 2017

Theme:
REVving up for Tomorrow: be Relevant, be Efficient, Move up the Value chain 

With the theme “Revving up for Tomorrow: be Relevant, be Efficient, Move up the Value Chain”, this seminar aims to provide you and your team with an update on the recent developments concerning your practice, in particular for those from small and medium-sized practices (SMPs). Our distinguished speakers will bring you through a series of topics, ranging from technical to practice management related. In addition, there will be a sharing session by the Accounting and Corporate Regulatory Authority (ACRA) on audit regulatory updates and certain practice review matters.

Programme Highlights

Sharing by ACRA

Hear from ACRA on some key audit regulatory updates that will come into effect in 2017 and 2018.

With the expansion of Ethics Pronouncement (EP) 200 – Anti-Money Laundering and Countering the Financing of Terrorism – Requirements and Guidelines for Professional Accountants in Singapore inspection regime to include those public accountants/public accounting entities that audit non-listed entities, ACRA will also be sharing the key observations noted from EP 200 inspections and good practices that have been implemented by audit firms.

New Revenue Standard - FRS 115
Learn how FRS 115 - Revenue from Contracts with Customers will have an impact on various industries. This session will cover, from the auditors’ perspective, the implementation challenges faced by industries and the proposed solutions, as well as how SMPs can prepare their clients for such changes.

Data Analytics
Discover how the audit profession, including SMPs, can leverage on data analytics to generate valuable insights about their clients’ businesses, even for small enterprises. Understand the implementation challenges, the knowledge and skills required, and how SMPs can benefit from the adoption of data analytics to progress in tandem with today’s dynamic business environment.

Practice Management
Get practical tips on improving your practice and insights on the impact of technology on auditing from an overseas leading practice advisor.

Panel Discussion - Revving up for Tomorrow: Challenges and Opportunities for SMPs
Hear from our panel of industry experts on transformation in the audit sector, the challenges and opportunities for SMPs and how SMPs can gear up for the future.

Quality Assurance Seminar 2015

Attend the seminar and understand the recommended approaches to improve audit quality and address common audit deficiencies and lapses in audit documentation. Emerging issues such as the expanded auditor’s report and the application challenges of AML and CTF requirements and guidelines will also be explored. 

Programme Highlights

• Sharing by the Accounting and Corporate Regulatory Authority (ACRA) on the audit deficiencies arising from its Practice Monitoring Programme (PMP).
• Learn how to improve documentation of your audit work.
• Understand the key changes to the upcoming revised auditor’s report.
• Learn about the common application challenges in complying with AML and CTF requirements and guidelines in Singapore and practical approaches to address them.
• Address the dilemma of what is considered a reportable event and when, how and to whom suspicious transactions should be reported.

Quality Assurance Seminar 2013

The Quality Assurance (QA) Seminar was inaugurated by ISCA on 1 November 2013 with the aim to provide members, in particular those from small and medium-sized practices (SMPs), with a better understanding of the common deficiencies found in the audit work performed by auditors as well as recommended approaches to address those deficiencies. The first seminar, titled Audit Processes, saw over 200 participants. Read more