Programme Objective

This course is part of the ISCA Audit Committee (AC) programme. This course aims to address issues relating to financial accounting arising from changing business demands, rapid advancement of technologies and its risks.

Programme Outline

*Please note there will be a short mandatory assessment to be completed within one week after the end of this course for all Audit Committee Programme participants.

Part 1: Developments arising from revision to accounting standards and relevant technical bulletins – 2hrs

• Led by Mr Adrian Loo, Member of ISCA FSRC; Partner, KPMG LLP

No.	Detailed outline	Learning outcome
1.1	New/revised Financial Reporting Standards issued by Accounting Standards Council and effective from the year 2020 onwards	Participants will be able to understand the latest developments in new/revised Financial Reporting Standards.
1.2	Financial Reporting Bulletins issued by ISCA

Part 2: Pertinent valuation issues and impact on financial statements – 3hrs

• Led by Mr Christopher Tan, Mr Senthilnathan Sampath and Ms Samantha Yong, PwC

No.	Detailed outline	Learning outcome
2.1	Review of valuation reports and one-off items	Participants will be able to recognise key areas of focus in a valuation report and evaluate the corresponding risks.
2.2	Impairment assumptions	Participants will be able to assess the appropriateness of impairment assumption used by a valuer.
2.3	Purchase price allocation	Participants will be able to apply the key consideration for purchase price allocation for financial reporting purposes.

Part 3: Key Red Flags of Financial Statement and Case Studies on Financial Accounting Scandals – 3hrs

• Led by Ms Kong Lai San, Deloitte

No.	Detailed outline	Learning outcome
3.1	Key red flags of financial misstatements	Participants will be able to identify unusual trends in a financial statement and the potential risks.
3.2	Case studies on financial accounting scandals	Participants will be able to discuss recent financial accounting scandals and its implication to stakeholders.
3.3	Panel discussion with Financial Statements Review Committee (FSRC) and Accounting and Corporate Regulatory Authority (ACRA)

Kindly note that this course is also offered as part of ISCA Audit Committee Programme.
Please click here to find out more about the programme.

Intended For

• Existing Audit Committee members
• Senior Management
• Individuals aspiring to be Audit Committee members

Programme Facilitator(s)