{"id":552,"date":"2018-06-03T10:04:35","date_gmt":"2018-06-03T02:04:35","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=552"},"modified":"2018-07-12T15:27:24","modified_gmt":"2018-07-12T07:27:24","slug":"enhanced-auditor-reporting-implementation-of-new-and-revised-standards","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2018\/06\/03\/enhanced-auditor-reporting-implementation-of-new-and-revised-standards\/","title":{"rendered":"Enhanced Auditor Reporting &#8211; Implementation of New and Revised Standards"},"content":{"rendered":"<div><span style=\"color: #000000;\">The Institute of Singapore Chartered Accountants (ISCA) has issued the new and revised auditor reporting<\/span><\/div>\n<div><span style=\"color: #000000;\">standards in July 2015 that are effective for audits of financial statements for periods ended on or after<\/span><\/div>\n<div><span style=\"color: #000000;\">15 December 2016. <\/span><\/div>\n<div><\/div>\n<div><span style=\"color: #000000;\">In view of feedback received on practical challenges faced from SMPs, ISCA h<\/span><span style=\"color: #000000;\">as 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 <\/span><span style=\"color: #000000;\">in areas where there are practical <\/span><span style=\"color: #000000;\">implementation issues and where there are differences in the interpretation of the new and revised auditor <\/span><span style=\"color: #000000;\">reporting standards.<\/span><\/div>\n<div><\/div>\n<div><span style=\"color: #000000;\">This <\/span><span style=\"color: #000000;\"> publication will be updated on an on-going basis to address some of the common <\/span><span style=\"color: #000000;\">questions relating to the new and revised auditor reporting standards.<\/span><\/div>\n<p class=\"hP\"><span style=\"color: #000000;\">These can be accessed from their <a style=\"color: #000000;\" href=\"https:\/\/isca.org.sg\/media\/2240019\/isca-ear-faq.pdf\" target=\"_blank\" rel=\"noopener\">ISCA website<\/a>.<\/span><\/p>\n<p class=\"hP\"><span style=\"color: #000000;\">Source: <i>ISCA<\/i>, 3 June 2018<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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) [&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":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,6],"tags":[],"class_list":["post-552","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\/552","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=552"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/552\/revisions"}],"predecessor-version":[{"id":553,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/552\/revisions\/553"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=552"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}