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ISCA Support Fund to help SMPs post-Covid-19

by admin | Feb 10, 2021 | Accounting, Auditing, Tech News

On or about 7 Feb 2021, the Institute of Singapore Chartered Accountants (ISCA) has set up the ISCA Support Fund, worth $8 million, to help the accountancy profession and small and medium practices (SMPs) and small- and medium-sized accounting firms build resilience...

IAASB – Technology FAQs on Use of Automated Tools and Techniques with ISA 315

by admin | Nov 24, 2020 | Auditing, Tech News

On or about 19 November 2020, the International Auditing and Assurance Standards Board (IAASB) has published Technology Frequently Asked Questions (FAQs) on different aspects of automated tools and techniques. The FAQs are written in the context of the identification...

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...

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...

First Installment of Six-Part Anti-Money Laundering Educational Series

by admin | Sep 30, 2020 | Auditing, Company Law, Ethics, Tech News

On or about 23 September 2020, the International Federation of Accountants (IFAC) and the Institute of Chartered Accountants in England and Wales released the first segment of the Anti-Money Laundering, The Basics educational series. Instalment 1: Introduction to...
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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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