SSAs

Singapore Standards on Auditing (SSAs)

SSAs are written in the context of an audit of financial statements (i.e. historical financial information) by an independent auditor. Users are to adapt the SSAs, where appropriate, when applying to other audit engagements.

SSA 200 - SSA 265
SSA Description   Effective Date
200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Singapore Standards on Auditing Download Periods beginning on or after 1 January 2018
210 Agreeing the Terms of Audit Engagements Download Periods beginning on or after 1 January 2018
220 Quality Control for an Audit of Financial Statements Download Periods ending on or after 15 December 2016
230 Audit Documentation Download Periods ending on or after 15 December 2016
240 The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements Download Periods ending on or after 15 December 2016
250 Consideration of Laws and Regulations in an Audit of Financial Statements Download Periods beginning on or after 15 Dec 2009
260 Communication with Those Charged with Governance Download Periods ending on or after 15 December 2016
265 Communicating Deficiencies in Internal Control to those Charged with Governance and Management Download Periods ending on or after 15 Dec 2013
SSA 300 - SSA 330
SSA Description   Effective Date
300 Planning an Audit of Financial Statements Download Periods ending on or after 15 December 2016
315 Identifying And Assessing The Risks Of Material Misstatement through Understanding The Entity And Its Environment Download Periods ending on or after 15 December 2016
320 Materiality in Planning and Performing an Audit Download Periods ending on or after 15 December 2016
330 The Auditor’s Responses To Assessed Risks Download Periods ending on or after 15 December 2016
SSA 402 - SSA 450
SSA Description   Effective Date
402 Audit Considerations Relating to an Entity Using a Service Organisation Download Periods ending on or after 15 Dec 2013
450  Evaluation of Misstatements Identified during the Audit  Download Periods beginning on or after 1 January 2018
SSA 500 - SSA 580
SSA Description   Effective Date
500  Audit Evidence  Download Periods ending on or after 15 December 2016
501 Audit Evidence – Specific Considerations for Selected Items Download Periods beginning on or after 15 Dec 2009
505 External Confirmations Download Periods beginning on or after 15 Dec 2009
510 Initial Audit Engagements – Opening Balances Download Periods ending on or after 15 December 2016
520 Analytical Procedures Download Periods beginning on or after 15 Dec 2009
530 Audit Sampling Download Periods beginning on or after 15 Dec 2009
540 Auditing Accounting Estimates and Related Disclosures Download Periods beginning on or after 15 December 2019
550 Related Parties Download Periods beginning on or after 1 January 2018
560  Subsequent Events  Download Periods beginning on or after 1 January 2018
570 Going Concern Download Periods beginning on or after 1 January 2018
580 Written Representations Download Periods beginning on or after 1 January 2018
 SSA 600 - SSA 620
SSA Description   Effective Date
600 Special Considerations — Audits of Group Financial Statements (Including the Work of Component Auditors) Download Periods ending on or after 15 December 2016
610 Using the Work of Internal Auditors Download Periods ending on or after 15 Dec 2013 (material shaded in gray – periods ending on or after 15 Dec 2014)
620 Using the Work of an Auditor’s Expert Download Periods beginning on or after 15 Dec 2009
SSA 700 - SSA 720
SSA Description   Effective Date
700 Forming an Opinion and Reporting on Financial Statements Download Periods beginning on or after 1 January 2018
701  Communicating Key Audit Matters in the Independent Auditor’s Report  Download Periods ending on or after 15 December 2016
705 Modifications to the Opinion in the Independent Auditor’s Report* Download Periods beginning on or after 1 January 2018
706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report  Download Periods beginning on or after 1 January 2018
710 Comparative Information—Corresponding Figures and Comparative Financial Statements Download Periods ending on or after 15 December 2016
720  The Auditor’s Responsibilities Relating to Other Information  Download Periods beginning on or after 1 January 2018

 * We would like to draw attention to the footnotes in the illustrations of the Appendix which highlight to the auditors that when the audit opinions on the financial statements are modified, there may be implications on the audit opinion on the accounting and other records as well, which the auditors would need to assess and evaluate on a case-by-case basis.

SSA 800 - SSA 810
SSA Description   Effective Date
800 Special Considerations—Audits Of Financial Statements Prepared In Accordance With Special Purpose Frameworks Download Periods beginning on or after 1 January 2018
805 Special Considerations—Audits Of Single Financial Statements And Specific Elements, Accounts Or Items Of A Financial Statement Download Periods beginning on or after 1 January 2018
810 Engagements To Report On Summary Financial Statements  Download Periods beginning on or after 1 January 2018