Course Detail(TECH070 : ISCA TECHNICAL LIVE WEBINAR 2020: Insights into auditing amidst COVID-19)

TECH070 : ISCA TECHNICAL LIVE WEBINAR 2020: Insights into auditing amidst COVID-19 NEW

1.00 CPE Hours (Category 1)
Live Webinar

Programme Objective

Unprecedented uncertainties to businesses and disruptions to operations arising from COVID-19 has brought challenges to auditing in the current environment.
 
ISCA, through its COVID-19 Working Group (set up in collaboration with ACRA), has held numerous deliberations on the accounting and auditing issues faced by the profession amidst the backdrop of COVID-19. Guidance has been provided through various COVID-19 Technical FAQs issued by ISCA.

During this one-hour webinar, ISCA Auditing and Assurance Standards Committee Chairman, together with ISCA Technical Deputy Director and ISCA Technical Senior Manager*, will share key insights from the FAQs issued and thought processes underpinning the development of these FAQs.

The key takeaways for participants of this webinar are as follows:

  • Understand some of the auditing implications arising from COVID-19
  • Learn how these auditing implications are addressed in the COVID-19 Technical FAQs
  • Get a glimpse of the key deliberations behind the development of these FAQs


* Please note that speakers may be subject to change without further notice
 

Programme Outline

 

DurationEvent
10.00am – 10.05 am
(5 minutes)
 

Opening Address

Ms Lim Ju May, Deputy Director, ISCA Technical Division

10.05 am – 10.25 am
(20 minutes)

Presentation 1: Going Concern Assessment Considerations and Implications on Auditor’s Reporting

Mr Hans Koopmans, Co-Chairman of ISCA COVID-19 Working Group; Chairman, ISCA Auditing and Assurance Standards Committee; Partner, PricewaterhouseCoopers LLP

10.25 am – 10.40 am
(15 minutes)

Presentation 2: Valuation Uncertainties

With widespread uncertainty and market volatility arising from this pandemic, auditors may encounter instances where valuations fluctuate significantly in a relatively short period of time and valuation reports may highlight significant valuation uncertainties. 

Ms Lim Ju May, Deputy Director, ISCA Technical Division

10.40 am – 10:55 am
(15 minutes)

Presentation 3: Execution of Audit Procedures
In the current environment, auditors may face challenges in executing certain audit procedures as they may not be able to sight original documents, attend physical stock count observations or travel to review component auditor’s audit documentation.

Mr Terence Lam, Senior Manager, ISCA Technical Division

10.55 am – 11:00 am
(5 minutes)

 

Closing Address and Key Takeaways

Mr Hans Koopmans, Co-Chairman of ISCA COVID-19 Working Group; Chairman, ISCA Auditing and Assurance Standards Committee; Partner, PricewaterhouseCoopers LLP


Note: The above programme may be subject to change without further notice*

Training Methodology

Presentation style with each of the speakers taking turns to present.

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

Professional Accountants in Practice

Competency Mapping

Category 1 = 1.00 Hours

Schedule & Fees

Date & Time

04 Nov 2020 (10:00 AM - 11:00 AM)

Fee (inclusive of GST)

For Members: $ 50.00
For Non-Members: $ 70.00

Programme Facilitator(s)

Team of Professionals (TECH070)

Venue

Live Webinar in or outside of
Singapore

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Name
Mr Hans Koopmans
Co-Chairman of ISCA COVID-19 Working Group; Chairman, ISCA Auditing and Assurance Standards Committee; Audit Partner, PricewaterhouseCoopers LLP
 
Hans is currently an audit partner with PwC Singapore.  He has more than 30 years of experience with the firm in The Netherlands, New Zealand, Indonesia and Singapore. Hans has been involved with some of the largest and most complex audit and consulting engagements of the firm across different industries.
 
Within PwC, Hans is also responsible for the Assurance Standards & Technology group in Singapore. In this role, he is heavily involved with the roll-out of Assurance Standards, related policies and guidance and associated audit technology tools across the firm.
 
Hans chairs ISCA’s Auditing & Assurance Standards Committee. He also co-chairs ISCA’s Covid-19 Working Group, which is tasked with providing audit and accounting professionals in Singapore with up to date technical guidance on the implications of Covid-19.
 
 
Name
Ms Lim Ju May
Deputy Director, Technical Division, ISCA
 
Ju May heads ISCA’s Technical Division, which provides technical support in areas of financial reporting, ethics, audit, sustainability and specialised industries; and communicates insights and views to ISCA’s members and the wider accountancy community.
Through various technical committees that comprise representatives from various stakeholders in the corporate reporting eco-system, TECHNICAL hears issues from the ground and conceives initiatives to promote and enhance quality, consistency and best practices to uphold technical excellence. FRG 1 on best practices when engaging valuers for Real Property Valuation for Financial Reporting, FRG 2 on Accounting for Cryptoassets from a Holder’s Perspective, FRBs 5 & 6 on COVID-19 government relief measures, COVID-19 Technical FAQs, IFRS Convergence 2018 Implementation Roadmap, and Revenue Recognition for Sale of Uncompleted Residential Properties in Singapore are some of the publications issued by TECHNICAL.
Ju May is the author of ISCA’s Micro Accounting Model (MAM), a self-contained framework to assist businesses take the first but important step in preparing reliable financial information. She also authored other ISCA publications such as Sustainability Reporting Implementation Roadmap, CFOs for Sustainability Reporting Roundtable Report, Leases Roadmap, Technical Bites, and various others.
Before joining ISCA, Ju May was an auditor with firms such as PricewaterhouseCoopers and Ernst & Young. She holds a Bachelor in Economics, Accounting & Finance from the London School of Economics and Political Science.
 
 
Name
Mr Terence Lam
Senior Manager, Technical Division, ISCA
 
Terence is a Senior Manager in ISCA’s Technical Division. 
As a technical staff in ISCA’s Technical Division, he provides technical support in the areas of audit and sustainability; and communicates insights and views to our members and the wider accountancy community.
 
His key role in ISCA is to manage the due process in issuance of Singapore’s auditing  and assurance standards, issue technical guidance to aid the profession; provide technical advice to members; provide ISCA’s views to international standard-setting bodies and regulatory agencies; organise outreach activities to the profession as well as play the role as Secretariat to several ISCA Committees including the Auditing and Assurance Standards Committee.
 
Prior to joining ISCA, Terence had more than 10 years of audit experience with big 4 firms in Singapore and Malaysia.

Programme Objective

Unprecedented uncertainties to businesses and disruptions to operations arising from COVID-19 has brought challenges to auditing in the current environment.
 
ISCA, through its COVID-19 Working Group (set up in collaboration with ACRA), has held numerous deliberations on the accounting and auditing issues faced by the profession amidst the backdrop of COVID-19. Guidance has been provided through various COVID-19 Technical FAQs issued by ISCA.

During this one-hour webinar, ISCA Auditing and Assurance Standards Committee Chairman, together with ISCA Technical Deputy Director and ISCA Technical Senior Manager*, will share key insights from the FAQs issued and thought processes underpinning the development of these FAQs.

The key takeaways for participants of this webinar are as follows:

  • Understand some of the auditing implications arising from COVID-19
  • Learn how these auditing implications are addressed in the COVID-19 Technical FAQs
  • Get a glimpse of the key deliberations behind the development of these FAQs


* Please note that speakers may be subject to change without further notice
 

Programme Outline

 

DurationEvent
10.00am – 10.05 am
(5 minutes)
 

Opening Address

Ms Lim Ju May, Deputy Director, ISCA Technical Division

10.05 am – 10.25 am
(20 minutes)

Presentation 1: Going Concern Assessment Considerations and Implications on Auditor’s Reporting

Mr Hans Koopmans, Co-Chairman of ISCA COVID-19 Working Group; Chairman, ISCA Auditing and Assurance Standards Committee; Partner, PricewaterhouseCoopers LLP

10.25 am – 10.40 am
(15 minutes)

Presentation 2: Valuation Uncertainties

With widespread uncertainty and market volatility arising from this pandemic, auditors may encounter instances where valuations fluctuate significantly in a relatively short period of time and valuation reports may highlight significant valuation uncertainties. 

Ms Lim Ju May, Deputy Director, ISCA Technical Division

10.40 am – 10:55 am
(15 minutes)

Presentation 3: Execution of Audit Procedures
In the current environment, auditors may face challenges in executing certain audit procedures as they may not be able to sight original documents, attend physical stock count observations or travel to review component auditor’s audit documentation.

Mr Terence Lam, Senior Manager, ISCA Technical Division

10.55 am – 11:00 am
(5 minutes)

 

Closing Address and Key Takeaways

Mr Hans Koopmans, Co-Chairman of ISCA COVID-19 Working Group; Chairman, ISCA Auditing and Assurance Standards Committee; Partner, PricewaterhouseCoopers LLP


Note: The above programme may be subject to change without further notice*

Training Methodology

Presentation style with each of the speakers taking turns to present.

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

Professional Accountants in Practice

Competency Mapping

Category 1 = 1.00 Hours

Programme Facilitator(s)

Name
Mr Hans Koopmans
Co-Chairman of ISCA COVID-19 Working Group; Chairman, ISCA Auditing and Assurance Standards Committee; Audit Partner, PricewaterhouseCoopers LLP
 
Hans is currently an audit partner with PwC Singapore.  He has more than 30 years of experience with the firm in The Netherlands, New Zealand, Indonesia and Singapore. Hans has been involved with some of the largest and most complex audit and consulting engagements of the firm across different industries.
 
Within PwC, Hans is also responsible for the Assurance Standards & Technology group in Singapore. In this role, he is heavily involved with the roll-out of Assurance Standards, related policies and guidance and associated audit technology tools across the firm.
 
Hans chairs ISCA’s Auditing & Assurance Standards Committee. He also co-chairs ISCA’s Covid-19 Working Group, which is tasked with providing audit and accounting professionals in Singapore with up to date technical guidance on the implications of Covid-19.
 
 
Name
Ms Lim Ju May
Deputy Director, Technical Division, ISCA
 
Ju May heads ISCA’s Technical Division, which provides technical support in areas of financial reporting, ethics, audit, sustainability and specialised industries; and communicates insights and views to ISCA’s members and the wider accountancy community.
Through various technical committees that comprise representatives from various stakeholders in the corporate reporting eco-system, TECHNICAL hears issues from the ground and conceives initiatives to promote and enhance quality, consistency and best practices to uphold technical excellence. FRG 1 on best practices when engaging valuers for Real Property Valuation for Financial Reporting, FRG 2 on Accounting for Cryptoassets from a Holder’s Perspective, FRBs 5 & 6 on COVID-19 government relief measures, COVID-19 Technical FAQs, IFRS Convergence 2018 Implementation Roadmap, and Revenue Recognition for Sale of Uncompleted Residential Properties in Singapore are some of the publications issued by TECHNICAL.
Ju May is the author of ISCA’s Micro Accounting Model (MAM), a self-contained framework to assist businesses take the first but important step in preparing reliable financial information. She also authored other ISCA publications such as Sustainability Reporting Implementation Roadmap, CFOs for Sustainability Reporting Roundtable Report, Leases Roadmap, Technical Bites, and various others.
Before joining ISCA, Ju May was an auditor with firms such as PricewaterhouseCoopers and Ernst & Young. She holds a Bachelor in Economics, Accounting & Finance from the London School of Economics and Political Science.
 
 
Name
Mr Terence Lam
Senior Manager, Technical Division, ISCA
 
Terence is a Senior Manager in ISCA’s Technical Division. 
As a technical staff in ISCA’s Technical Division, he provides technical support in the areas of audit and sustainability; and communicates insights and views to our members and the wider accountancy community.
 
His key role in ISCA is to manage the due process in issuance of Singapore’s auditing  and assurance standards, issue technical guidance to aid the profession; provide technical advice to members; provide ISCA’s views to international standard-setting bodies and regulatory agencies; organise outreach activities to the profession as well as play the role as Secretariat to several ISCA Committees including the Auditing and Assurance Standards Committee.
 
Prior to joining ISCA, Terence had more than 10 years of audit experience with big 4 firms in Singapore and Malaysia.

Upcoming Schedule

Date & Time

04 Nov 2020 (10:00 AM - 11:00 AM)

Fee (inclusive of GST)

For Members: $ 50.00
For Non-Members: $ 70.00

Programme Facilitator(s)

Team of Professionals (TECH070)

Venue

Live Webinar in or outside of
Singapore