Programme Objective

The objective of this two-day course is to discuss all the Singapore Standards on Auditing (SSAs) issued by ISCA. The major provisions of each SSA will be highlighted and illustrated.
 

Programme Outline

Singapore Standards on Quality Control
SSQC1	Quality control for firms that perform audits and reviews of financial statements and other assurance and related service engagements
200-299 - Audit of historical financial information
SSA 200	Overall objectives of the independent auditor and the conduct of an audit in accordance with Singapore Standards on Auditing
SSA 210	Agreeing the terms of audit engagements
SSA 220	Quality control for an audit of financial statements
SSA 230	Audit documentation
SSA 240	The auditor’s responsibilities relating to fraud in an audit of financial statements
SSA 250	Consideration of laws and regulations in an audit of financial statements
SSA 260	Communication with those charged with governance
SSA 265	Communicating deficiencies in internal control to those charged with governance and management
300-499 : Risk assessment and response to assessed risks
SSA 300	Planning an audit of financial statements
SSA 315	Identifying and assessing the risk of material misstatement through understanding the entity and its environment
SSA 320	Materiality in planning and performing audit
SSA 330	The auditor’s responses to assessed risks
SSA 402	Audit considerations relating to an entity using a service organization
SSA 450	Evaluation of misstatements identified during the audit
500-599 : Audit evidence
SSA 500	Audit evidence
SSA 501	Audit evidence – specific considerations for selected items
SSA 505	External confirmations
SSA 510	Initial audit engagements – opening balances
SSA 520	Analytical procedures
SSA 530	Audit sampling
SSA 540	Auditing accounting estimates, including fair value accounting estimates, and related disclosures
SSA 550	Related parties
SSA 560	Subsequent events
SSA 570	Going concern
SSA 580	Written representations
600-699: Using the work of others
SSA 600	Special considerations – audits of group financial statements (including the work of components auditors)
SSA 610	Using the work of internal auditors
SSA620	Using the work of an auditor’s expert
700-799 : Audit conclusions and reporting
SSA 700	Forming an opinion and reporting on financial statements
SSA 701	Communicating key audit matters in the independent auditor’s report
SSA 705	Modifications to the opinion in the independent auditor’s report
SSA 706	Emphasis of matter paragraphs and other matter paragraphs in the independent auditor’s report
SSA 710	Comparative information – Corresponding figures and comparative financial statements
SSA 720	The auditor’s responsibilities relating to other information in documents containing audited financial statements

 
Training Methodology
Lecture style with case studies, and references to PMP review points issued by local and also international regulators
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate Level programme intended for Practicing and Non-Practicing Accountants and Auditors especially those whose work involves audit of historical financial statements.

Programme Facilitator(s)