The Institute of Singapore Chartered Accountants (ISCA) has issued the new and revised auditor reporting
standards in July 2015 that are effective for audits of financial statements for periods ended on or after
15 December 2016.
In view of feedback received on practical challenges faced from SMPs, ISCA has issued additional frequently answered questions (FAQs) developed by the Auditing and Assurance Standards Committee (AASC) to further assist the implementation of auditing standards related to enhanced auditor reporting in areas where there are practical implementation issues and where there are differences in the interpretation of the new and revised auditor reporting standards.
This publication will be updated on an on-going basis to address some of the common questions relating to the new and revised auditor reporting standards.
These can be accessed from their ISCA website.
Source: ISCA, 3 June 2018