Course Detail(PPP : Public Practice Programme)

PPP : Public Practice Programme

No CPE Hour
Classroom

Programme Objective

The aim of the three-day ISCA Public Practice Programme is to provide practical insights to aspiring CAs (Singapore) who have the intention to become CAs (Singapore) with Certificate for Practice. The programme provides a framework for and looks at the business resources required in the setting up of a public practice.

Programme Outline

The Programme covers the following subject matter:

  • The Practitioner and the Regulatory Environment
    • The primary objective is to uphold public interest for the benefit of society as a whole. There is a review of the principal laws, regulations and promulgations which apply to public practice. The ISCA and ACRA Codes of Professional Conduct and Ethics and anti-money laundering procedures are covered in this segment as well as the various standards and practice notes and guidance in the ISCA Members Handbook.
  • The Practitioner and Management of the Professional Firm
    • The focus is on the practice and procedures that a firm should have in place to ensure efficient running of the practice. These include procedures to ensure that the firm addresses and demonstrates its compliance with ethical requirements, office procedures on staff management, engaging with clients and managing engagement risks.
  • The Practitioner and Business Considerations
    • The objective is to discuss matters such as the business metrics of a CA firm as well as an appropriate compensation package commensurate with the risks of being in practice and how that compensation is generally shared among partners in the firm. This section will also allow CAs (Singapore) to reflect on why they are choosing public practice as a career option, the personal characteristic they may need, the economic and business realities and the overriding public interest obligation.

Training Methodology

Lecture style, with use of illustrations and case studies

Intended For

  • CAs (Singapore) who fulfil the requirements to be a public accountant as set out in the Accountants Act.

* Non-CAs (Singapore) are welcome to attend the Programme. However, they must have at least 2 years of auditing experience in a public practice. Please note that priority will be given to CAs (Singapore) who fulfil the requirements to be a public accountant as set out in the Accountants Act. Programme fees will differ for this category. For more information, please contact cpe@isca.org.sg.

Note: No CPE hours will be awarded for this programme as it is a mandatory requirement in connection with the application to be a Public Accountant.

 

Schedule & Fees

Date & Time

23 Jul 2024 (9:00 AM - 5:00 PM)
24 Jul 2024 (9:00 AM - 5:00 PM)
25 Jul 2024 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 1,962.00
For Non-Members: $ 2,616.00

Programme Facilitator(s)

Team of Professionals (PPP - 2024)

Venue

76 Bras Basah Road
Level 2
Singapore 189558

Date & Time

12 Nov 2024 (9:00 AM - 5:00 PM)
13 Nov 2024 (9:00 AM - 5:00 PM)
14 Nov 2024 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 1,962.00
For Non-Members: $ 2,616.00

Programme Facilitator(s)

Team of Professionals (PPP - 2024)

Venue

76 Bras Basah Road
Level 2
Singapore 189558

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Eric Teo
FCA (Singapore)
Adjunct Associate Professor, Nanyang Business School, Nanyang Technological University

Eric is a consultant to organisations, and serves as an adjunct professor/ associate professor/ faculty and visiting fellow at various universities with close to 30 years of professional experience.  These include Nanyang Business School (Nanyang Technological University), School of Business (Singapore University of Social Sciences), Design and Specialised Businesses (Singapore Institute of Technology), Executive Development (Singapore Management University), School of Business and Governance (Murdoch University) and School of Law (City University of Hong Kong).

Eric previously worked for Ernst Young (EY) in both the Singapore and Australia practices. He was a founding member of EY Global Valuation & Business Modelling (VBM) Network’s Technical Standards Group (TSG), and has served in the Steering Committee and led the EY Asia Pacific VBM TSG from 2012 to 2015. 

Eric is the Founding Chairman of the International Valuation Standards Council (IVSC) Membership and Standards Recognition Board.  The IVSC is the independent global body responsible for setting the International Valuation Standards (IVS) that are used today in more than 100 countries worldwide. At present, Eric is a Director of IVSC Asia Ltd, recently set up in Singapore by IVSC, as its first base outside Europe to drive its advocacy efforts in the adoption of the IVS in Asia.  Eric is also the Founding Chairman of the Institute of Valuers and Appraisers of Singapore (IVAS).  The IVAS (a member of IVSC) is an institute set up to advance the business valuation profession under the auspice of the SAC (which has merged with ACRA).  Eric is a Chartered Accountant (Singapore), Chartered Accountant (Australia and New Zealand), CPA (Australia), Senior Fellow of Finsia and Fellow of the Royal Institution of Chartered Surveyors (RICS).  Eric is a Director of the Intellectual Property Office of Singapore (IPOS) and IPOS International Pte Ltd.   He has worked with organisations from various sectors/industries and his clients include government agencies, regulatory agencies, professional bodies, SMEs, GLCs, MNCs, and public listed groups.
 

Quek Siew Eng
CA (Singapore)
Partner, Quality and Compliance
Mazars

Siew Eng is an audit partner who spends half her time on audit quality, and recently on SSQM 1 implementation in her firm. She has more than 25 years of professional experience, including more than 7 years in ACRA where she was the Director of the Practice Monitoring Department in the Accounting and Corporate Regulatory Authority of Singapore (ACRA). Besides overseeing the practice reviews of audits carried out by public accountants in Singapore, she was involved in ACRA’s regulatory efforts to improve audit quality, monitoring trends and events in both the local and international marketplace, as well as policy-making, such as the setting up of new regulatory framework and/or refinements of existing programmes/initiatives.  She was also speaker-cum-panellist at various local and international seminars/events whose target audiences covered a wide spectrum, ranging from public accountants, international regulators, directors to shareholders.

Prior to joining ACRA, Siew Eng spent more than 12 years in a Big-Four accounting firm serving audit and advisory clients across various industries. 

Siew Eng holds a Bachelor of Accountancy Degree from the Nanyang Technological University. She is a member of the Institute of Singapore Chartered Accountants.
 

Vincent Toong
FCA (Singapore)
Partner, Assurance 
Ernst & Young LLP

Vincent has more than 30 years of audit experience in Singapore and Australia. He and has served public listed companies, multinational and statutory boards in a diversified range of industries. These include airlines, agricultural, financial institutions, insurance and insurance brokering, investment funds, oil & gas, mining, petrochemical, commodity trading, and public transport companies. 

He has also carried out numerous buy-side financial due diligence reviews, accounting investigations, corporate restructures and valuations, and has assisted in numerous public stock and debt issues on the Stock Exchange of Singapore. 

Vincent has also presented various lectures on accounting, auditing, and fraud including updates on the new Financial Reporting Standards, Accounting for Business Combinations, developments in Corporate Governance, and Cash flow management.
 

Programme Objective

The aim of the three-day ISCA Public Practice Programme is to provide practical insights to aspiring CAs (Singapore) who have the intention to become CAs (Singapore) with Certificate for Practice. The programme provides a framework for and looks at the business resources required in the setting up of a public practice.

Programme Outline

The Programme covers the following subject matter:

  • The Practitioner and the Regulatory Environment
    • The primary objective is to uphold public interest for the benefit of society as a whole. There is a review of the principal laws, regulations and promulgations which apply to public practice. The ISCA and ACRA Codes of Professional Conduct and Ethics and anti-money laundering procedures are covered in this segment as well as the various standards and practice notes and guidance in the ISCA Members Handbook.
  • The Practitioner and Management of the Professional Firm
    • The focus is on the practice and procedures that a firm should have in place to ensure efficient running of the practice. These include procedures to ensure that the firm addresses and demonstrates its compliance with ethical requirements, office procedures on staff management, engaging with clients and managing engagement risks.
  • The Practitioner and Business Considerations
    • The objective is to discuss matters such as the business metrics of a CA firm as well as an appropriate compensation package commensurate with the risks of being in practice and how that compensation is generally shared among partners in the firm. This section will also allow CAs (Singapore) to reflect on why they are choosing public practice as a career option, the personal characteristic they may need, the economic and business realities and the overriding public interest obligation.

Training Methodology

Lecture style, with use of illustrations and case studies

Intended For

  • CAs (Singapore) who fulfil the requirements to be a public accountant as set out in the Accountants Act.

* Non-CAs (Singapore) are welcome to attend the Programme. However, they must have at least 2 years of auditing experience in a public practice. Please note that priority will be given to CAs (Singapore) who fulfil the requirements to be a public accountant as set out in the Accountants Act. Programme fees will differ for this category. For more information, please contact cpe@isca.org.sg.

Note: No CPE hours will be awarded for this programme as it is a mandatory requirement in connection with the application to be a Public Accountant.

 

Programme Facilitator(s)

Eric Teo
FCA (Singapore)
Adjunct Associate Professor, Nanyang Business School, Nanyang Technological University

Eric is a consultant to organisations, and serves as an adjunct professor/ associate professor/ faculty and visiting fellow at various universities with close to 30 years of professional experience.  These include Nanyang Business School (Nanyang Technological University), School of Business (Singapore University of Social Sciences), Design and Specialised Businesses (Singapore Institute of Technology), Executive Development (Singapore Management University), School of Business and Governance (Murdoch University) and School of Law (City University of Hong Kong).

Eric previously worked for Ernst Young (EY) in both the Singapore and Australia practices. He was a founding member of EY Global Valuation & Business Modelling (VBM) Network’s Technical Standards Group (TSG), and has served in the Steering Committee and led the EY Asia Pacific VBM TSG from 2012 to 2015. 

Eric is the Founding Chairman of the International Valuation Standards Council (IVSC) Membership and Standards Recognition Board.  The IVSC is the independent global body responsible for setting the International Valuation Standards (IVS) that are used today in more than 100 countries worldwide. At present, Eric is a Director of IVSC Asia Ltd, recently set up in Singapore by IVSC, as its first base outside Europe to drive its advocacy efforts in the adoption of the IVS in Asia.  Eric is also the Founding Chairman of the Institute of Valuers and Appraisers of Singapore (IVAS).  The IVAS (a member of IVSC) is an institute set up to advance the business valuation profession under the auspice of the SAC (which has merged with ACRA).  Eric is a Chartered Accountant (Singapore), Chartered Accountant (Australia and New Zealand), CPA (Australia), Senior Fellow of Finsia and Fellow of the Royal Institution of Chartered Surveyors (RICS).  Eric is a Director of the Intellectual Property Office of Singapore (IPOS) and IPOS International Pte Ltd.   He has worked with organisations from various sectors/industries and his clients include government agencies, regulatory agencies, professional bodies, SMEs, GLCs, MNCs, and public listed groups.
 

Quek Siew Eng
CA (Singapore)
Partner, Quality and Compliance
Mazars

Siew Eng is an audit partner who spends half her time on audit quality, and recently on SSQM 1 implementation in her firm. She has more than 25 years of professional experience, including more than 7 years in ACRA where she was the Director of the Practice Monitoring Department in the Accounting and Corporate Regulatory Authority of Singapore (ACRA). Besides overseeing the practice reviews of audits carried out by public accountants in Singapore, she was involved in ACRA’s regulatory efforts to improve audit quality, monitoring trends and events in both the local and international marketplace, as well as policy-making, such as the setting up of new regulatory framework and/or refinements of existing programmes/initiatives.  She was also speaker-cum-panellist at various local and international seminars/events whose target audiences covered a wide spectrum, ranging from public accountants, international regulators, directors to shareholders.

Prior to joining ACRA, Siew Eng spent more than 12 years in a Big-Four accounting firm serving audit and advisory clients across various industries. 

Siew Eng holds a Bachelor of Accountancy Degree from the Nanyang Technological University. She is a member of the Institute of Singapore Chartered Accountants.
 

Vincent Toong
FCA (Singapore)
Partner, Assurance 
Ernst & Young LLP

Vincent has more than 30 years of audit experience in Singapore and Australia. He and has served public listed companies, multinational and statutory boards in a diversified range of industries. These include airlines, agricultural, financial institutions, insurance and insurance brokering, investment funds, oil & gas, mining, petrochemical, commodity trading, and public transport companies. 

He has also carried out numerous buy-side financial due diligence reviews, accounting investigations, corporate restructures and valuations, and has assisted in numerous public stock and debt issues on the Stock Exchange of Singapore. 

Vincent has also presented various lectures on accounting, auditing, and fraud including updates on the new Financial Reporting Standards, Accounting for Business Combinations, developments in Corporate Governance, and Cash flow management.
 


Upcoming Schedule

Date & Time

23 Jul 2024 (9:00 AM - 5:00 PM)
24 Jul 2024 (9:00 AM - 5:00 PM)
25 Jul 2024 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 1,962.00
For Non-Members: $ 2,616.00

Programme Facilitator(s)

Team of Professionals (PPP - 2024)

Venue

76 Bras Basah Road
Level 2
Singapore 189558