{"id":1564,"date":"2020-10-27T15:38:08","date_gmt":"2020-10-27T07:38:08","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1564"},"modified":"2021-02-17T16:36:50","modified_gmt":"2021-02-17T08:36:50","slug":"auditor-independence","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2020\/10\/27\/auditor-independence\/","title":{"rendered":"Auditor Independence When Providing Non-Assurance Services"},"content":{"rendered":"\n<p>On or about 22 October 2020, the Institute of Singapore Chartered  Accountants\u2019 (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 (NAS).  <\/p>\n\n\n\n<p>The ISCA invited around 400 audit committee members to share their views  about the recommendations and matters impacting auditor independence  when offering non-assurance services. This online inaugural survey had a  10% response rate. The ISCA\u2019s Practitioners Conference unveiled the  findings of the survey on 22 October 2020.<\/p>\n\n\n\n<p>The ISCA also published an article to outline findings from the above survey  report to obtain views of audit committee members on matters concerning  auditor independence when providing NAS to audit clients, and how to  address NAS independence concerns. <\/p>\n\n\n\n<p>The key findings of the survey are as follows: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>70% of the respondents agree that auditors must obtain from those  charged with governance before the audit firm can be appointed to carry  out non-assurance services.<\/li><li>92% of the respondents agree that information on non-assurance services  provided by the audit firm\u2019s network firms to the audit client\u2019s parent  and sister companies is important.<\/li><li>\u201cAudit-related services\u201d concept is proposed to narrow the scope of non-assurance services.<\/li><\/ul>\n\n\n\n<p>The ISCA has submitted the key recommendations to the International Ethics Standards Board for Accountants for consideration.<\/p>\n\n\n\n<p>Source: <em>ISCA<\/em> [media release], 22 October 2020, accessed 26 October 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On or about 22 October 2020, the Institute of Singapore Chartered Accountants\u2019 (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 (NAS). The ISCA invited around 400 audit committee members to share their views about the recommendations [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,6],"tags":[],"class_list":["post-1564","post","type-post","status-publish","format-standard","hentry","category-auditing","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=1564"}],"version-history":[{"count":2,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1564\/revisions"}],"predecessor-version":[{"id":1613,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1564\/revisions\/1613"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1564"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}