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ISCA’s Inaugural Survey finding of Audit Committee Members on Non-Assurance Services

by admin | Oct 27, 2020 | Auditing, Tech News

On or about 22 October 2020, the Institute of Singapore Chartered Accountants (“ISCA”) has published a “Auditor Independence When Providing Non-Assurance Services: Findings from Survey of Audit Committee Members” after received feedback from an online survey conducted...

IFRS Foundation publishes third compilation of IFRS Interpretations Committee agenda decisions

by admin | Oct 27, 2020 | Accounting, Tech News

On or about 14 October 2020, the IFRS Foundation has issued, “Compilation of Agenda Decisions — Volume 3” which contains all the agenda decisions made by the IFRS Interpretations Committee from April 2020 to September 2020. The agenda decisions included in this...

Auditor Independence When Providing Non-Assurance Services

by admin | Oct 27, 2020 | Auditing, Tech News

On or about 22 October 2020, the Institute of Singapore Chartered Accountants’ (ISCA) Ethics Committee has set up a working group to to formulate recommended practices that will strengthen auditor independence in relation to the provision of non-assurance services...

Using Data Analytics in a financial statements audit

by admin | Oct 16, 2020 | Auditing, Tech News

In an article under FOCUS, Lim Ju May, Terence Lam and Wang Zhumei explained how data analytics can be innovative and effective during audits even with complex businesses and large volume of transactions. The article states that data analytics is defined as the...

ASC responds to ED/2019/7 on general presentation and disclosures

by admin | Oct 8, 2020 | Accounting, Tech News

On or about 5 Oct 2020, the Accounting Standards Council (ASC) Singapore has responded to the Exposure Draft (ED/2019/7) on General Presentation and Disclosures which was issued by the IASB in December 2019. The ASC has commented on the following issues raised in the...
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Recent Posts

  • Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12
  • Pension Benefits that Depend on Asset Return
  • The ASC submitted comments on Non-current Liabilities with Convenants and Supplier Finance Arrangement
  • Lessor Forgiveness of Lease Payments (IFRS 9 and IFRS 16)
  • Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17)

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