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
| Duration | Event |
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
Schedule & Fees
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
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
| Duration | Event |
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
Programme Facilitator(s)
