Programme Objective

To provide a better understanding of the key audit risk areas of charitable organizations and to discuss the audit approach and critical issues involved in such audits.

Programme Outline

 

• Overview of charities in Singapore
• Understanding of financial reporting frameworks for charities in Singapore
• Planning consideration for charities audit  
  • Risk identification and respond to risks
  • Submission of audit plan to management, audit committee and the Boards
• Additional reporting requirements to Sector administrators
• Overview of key legislations within Charities Act which impact the audit of charities
• Understanding and design of audit procedures for key financial statements items
  • Funds
  • Reserves
  • Grants
  • Donation
  • Income
• Considerations in finalisation of charities audit
  • Audit findings to management, audit committee and the Board
• Other considerations and practical issues

Training Methodology

Lecture style, with Exercises/Case Studies

Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

A Foundational to Intermediate level programme for Audit Professionals. Those who are interested to gain valuable insights on the audit of charities are also welcome to attend.

Programme Facilitator(s)