Programme Objective
To provide audit professionals with guidance on forming an audit opinion, and reporting on the financial statements including understanding the circumstances that lead to modifications to an audit report and/or an auditor’s opinion.

Programme Outline

• SSA 700 – Forming an Opinion and Reporting on Financial Statements
  • Understanding the form and content of the different types of audit report for audits conducted in accordance with Singapore Standards on Auditing.

 

• SSA 705 - Modifications to the Opinion in the Independent Auditor’s Report
  • Identifying circumstances when a modification to the auditor’s opinion is required.
  • Determining the type of modification to the auditor’s opinion (‘except for’, ‘adverse’ or disclaimer qualifications).

 

• SSA 706 - Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
  • Identifying circumstances in which modifications to the independent auditor’s report (emphasis of matter and/or other matter paragraphs) are necessary.

 

• SSA 710 - Comparative Information – Corresponding Figures and Comparative Financial Statements

 

• SSA 720 – The Auditor’s Responsibilities Relating to Other Information
  • Evaluating other information in documents containing the audited financial statements to determine their impact on the audit report.

 

• SSA 560 – Subsequent Events
  • Understanding auditor’s responsibility in relation to facts which become known to the auditor after the date of the auditor’s report but before the date of the financial statements are issued.
  • Understanding auditor’s responsibility in relation to facts which become known to the auditor after the financial statements have been issued.

 

• SSA 570 – Going Concern
  • Implications on the Auditor’s Report

 

• SSA 701 - Communicating Key Audit Matters in the Independent Auditor’s Report
  • Determining Key Audit Matters
  • Relationship between KAM and Emphasis of Matter (EOM)
  • Documentation requirements

 
Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate to Advanced level programme intended for both Practising and Non-Practising Accountants and Auditors. Those who like to gain a greater understanding of the types of audit report are welcome to attend.

Competency Mapping

Category 3 = 3.50 Hours

Programme Facilitator(s)