Key findings from a joint study on the communicative value of Key Audit Matters, a year into the enhanced auditor's report, and possible areas for improvement in the second year. Read More

Annual reports help investors decide where to put their hard-earned money. More insightful disclosures can therefore improve corporate transparency and enhance investors’ decision-making. This in turn boosts the trust and confidence of investors and other stakeholders in capital markets. Read More

The Accounting Corporate Regulatory Authority (ACRA), the Institute of Singapore Chartered Accountants (ISCA) and the Securities Investors Association Singapore (SIAS) have jointly produced a Guide to help investors better engage company directors, management and auditors. This Guide on the enhanced... Read More

AN EARLY ADOPTER’S EXPERIENCE ON KEY AUDIT MATTERS During the Singapore Accountancy Convention 2016 (SAC) on August 25, Julia Tay, then-Deputy Chief Executive, Accounting and Corporate Regulatory Authority (ACRA), had shared, “When we talk about extended auditor’s reports, foreign brands like Rolls... Read More

Part 1 of this article was published in the July 2016 issue of IS Chartered Accountant. It focused on two key changes to Singapore Standard on Auditing (SSA) 720. This article covers the last key change on the enhanced systematic approach on Other Information (OI) work as well as the... Read More

Responsibilities of the auditor when a suite of seven new and revised auditor reporting standards come into effect in December 2016. Please click here for full publication. Read More

This report, jointly produced by the Association of Chartered Certified Accountants (ACCA) and ISCA, draws on a roundtable held in Singapore in November 2015.  The roundtable involved directors from Singapore and Malaysia who chair and sit on various audit committees, and representatives from... Read More

The authors share practical implementation considerations arising from the new and revised auditor reporting standards. These include some of the lessons learn from the United Kingdom experience and the field testing and pilots in other countries. The authors also share the expected common internal... Read More