Programme Objective To provide audit and finance professionals with guidance on the Audit of Government Grants. This course will also cover the key provisions from Singapore Standards on Auditing which are relevant to the audit of government grants.
1. To walkthrough key provisions and discuss problems in application with illustration on the following grant standards/guidanceSB-FRS/FRS 20 – Accounting for government grants and Disclosure of government assistance INT SB-FRS 10/INT FRS 10 - Government assistance – No specific Relation to operating activities INT SB-FRS 112/INT FRS 112 – Service concession arrangement INT SB-FRS 121/INT FRS 121 – Levies SB-FRS Guidance notes 2. To discuss with illustration on the key provisions from Singapore Standards on Auditing which are relevant to audit of government grants such as:PlanningSample selections AssertionsSufficient and approach audit evidence Journal entries and management override Walkthrough test and test of controls Written representation as audit evidence 3. To discuss common pitfalls/issues using case study in audit of government grants in relation to:Operating grantsCapital grantsGovernment assistanceSubsidized loansSubventionsGeneral and restricted grantsDominationsSponsorship 4. To discuss and illustrate on the audit reports (e.g. AUP and other specific audit report) to be issued based on the requirements 5. To discuss/Illustrate with examples/case studies on auditing of the major grants available from government/statutory boards such as:SPRING EDBIEIRAS, etc. 6. Using example to illustrate key financial statement reporting and disclosure requirement for government grantsTraining Methodology Lecture style with exercises, practical case studies and problems-based-learning Closing Date for Registration1 week before programme or until full enrolment
4. To discuss and illustrate on the audit reports (e.g. AUP and other specific audit report) to be issued based on the requirements
6. Using example to illustrate key financial statement reporting and disclosure requirement for government grantsTraining Methodology Lecture style with exercises, practical case studies and problems-based-learning Closing Date for Registration1 week before programme or until full enrolment
This programme is intended for audit and finance professional that need guidance and who like to understand more on the Auditing for Government Grants
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Declaration to be provided by CPE
This Course is Intended for CA Singapore Users..
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Do you wish to apply for SFC funding? (Singapore Citizenship Only)
