Course Detail(PC2021 : ISCA Practitioners Conference 2021: At the Lead of Change)

PC2021 : ISCA Practitioners Conference 2021: At the Lead of Change NEW

5.00 CPE Hours (Category 2, Category 3, Others)
Live Webinar


Group Package at 15% off (Register for 3 or more pax and enjoy the special rate!)

Programme Objective

ISCA’s flagship event for practitioners and the final instalment of the Singapore Accountancy and Audit Convention (SAAC) series.

This year’s Practitioners Conference emphasises the role of auditors as leaders in the face of change, and the need to respond to change quickly to continuously bring value to stakeholders. Covid-19 provoked fundamental changes and shifts, shaking up historical norms, and inspired new business and operating models. The profession needs to move faster than the change in the business environment and be a partner to businesses’ change agenda.

Join us as industry leaders discuss some of these challenging areas facing the profession. The Conference will also drive the important theme of audit quality, an important core of the audit profession.

Fees

Categories
Fees (inclusive of GST)
Individual
Member: $171.20
Non-Member: $214.00
 
Group

 
Register for 3 or more pax and enjoy a 15% discount (at $145.50 per pax)

The individuals need not be from the same firm.
 

Programme Outline

Time

Topic

12.30pm

Registration

1.00pm

Welcome Address

Mr Kon Yin Tong, President, Institute of Singapore Chartered Accountants

1.15pm

Keynote Address by Guest-of-Honour

Mrs Tan Ching Yee, Permanent Secretary, Ministry of Finance

1.30pm

Panel Discussion: At the Lead of Change

The pace of change seems to be accelerating at a rate impossible to fathom. Covid-19 provoked fundamental changes and shifts, shaking up historical norms, and inspired new business and operating models. The question is no longer “whether” and “how” the auditor needs to acclimate in view of these changes; it’s “how fast?”

This panel discussion emphasises the role of auditors as leaders in the face of change, and the need for the profession to move faster than the change in the business environment to be a partner to businesses’ change agenda.

Moderator:
Mr Lee Eng Kian, Managing Partner, PKF-CAP LLP

Panellists:

  • Ms Kuldip Gill, Assistant Chief Executive, Accounting and Compliance Group, Accounting and Corporate Regulatory Authority
  • Mr Marcus Lam, Executive Chairman, PricewaterhouseCoopers LLP
  • Ms June Sim, Senior Vice President and Head, Listing Compliance, Singapore Exchange Regulation
  • Mr KG Tan, Managing Director, Precursor Assurance PAC 

2.30pm

Quality Management in the New Norm

COVID-19 has accelerated the implementation of technology in audits, and this has been reflected in revisions to auditing standards and guidance to allow for innovation and deployment of technological audit tools. The changes in the suite of Quality Management Standards will go a long way towards advancing the audit profession, achieving high quality audit engagements, generate value for the stakeholders in the financial reporting ecosystem, and ultimately maintaining public trust.

To promote high quality audit, ACRA will be enhancing its audit regulatory regime to widen the scope of inspection powers through amendments to the Accountants Act. ACRA will be sharing the key proposed legislative amendments as well as highlight observations from its firm level and engagement inspections, common and recurring deficiencies, and key reminders to guide the audit profession in upholding high quality audits.

Speaker:
Ms Kuldip Gill, Assistant Chief Executive, Accounting and Compliance Group, Accounting and Corporate Regulatory Authority

3.00pm

Screen Break

3.15pm

Emerging Risks and Considerations from Infrastructure Sector Growth

Infrastructure investments are critical to providing basic needs and are a key driver of economic recovery and long-term growth. In Southeast Asia, infrastructure investment needs are estimated to be USD 184 billion per annum from 2016 to 2030. With a fuelled growth in the sector, the potential risks, whether business or financial, that could arise during the infrastructure project lifecycle will also evolve. What are the emerging risks and considerations arising from the rapid infrastructure sector growth? Join us to find out more about the implications of these risks on the audit of infrastructure development companies now.

Speaker:
Ms Lynn Tho, EY Asean Infrastructure Advisory Leader; Partner, Strategy and Transactions, Ernst & Young Solutions LLP

3.45pm

Audit Adjustments Matter (2nd edition): Unlocking the Value of Audits

Following ACRA’s 2014 study on the nature and extent of proposed audit adjustments for the listed companies in Singapore, ACRA has commissioned a second audit adjustment study to assess how listed companies have fared in recent years. This follow-up study, led by Dr Themin Suwardy (Singapore Management University) and Dr Lim Chu Yeong (Nanyang Technological University), will provide deeper insights into the nature and extent of common audit adjustments made by auditors, and highlight potential areas of improvement to raise the quality of financial reporting in Singapore.

Speaker:
Dr Themin Suwardy, Associate Professor, Singapore Management University

4.05pm

Data Analytics: The Future of Audit 

In the age of digitalisation, data analytics is the immediate game-changer for the audit industry as the profession seeks to innovate its way to more effective audits in the face of mounting stakeholder expectations, business complexities, technological advancements and volume of transactions. Adapting to new technologies has never been more critical.


AGS 13 Data Analytics in a Financial Statements Audit was issued by ISCA to provide guidance for auditors on the key principles of the application of data analytics in the audit of financial statements.

In this segment, the Chairman of the AASC Data Analytics Sub-Committee, will share how data analytics can contribute to highly effective audits, and how auditors can kick-start their data analytics journey using AGS 13.

Speaker:

Mr Sanjay Gordhan Panjabi, Chairman, ISCA Auditing and Assurance Standards Committee (AASC) Data Analytics Sub-Committee; Deloitte Singapore Audit & Assurance Partner & Audit Innovation Leader, Deloitte Southeast Asia Audit Analytics Leader

4.30pm

Ethics and Independence in a Dynamic World

This segment addresses the role of auditors as ethical leaders under the Ethics Code, especially in the face of change in a dynamic world. It also introduces strengthening of guardrails around auditor independence, which increases in importance when business and operating models change.

Speaker:
Ms Caroline Lee, Chair of ACRA PAOC Ethics Sub-Committee; Deputy Chair of International Ethics Standards Board for Accountants (IESBA)

5.00pm

Panel Discussion: Raising the Bar for Quality Management in Audit Firms

The new and revised quality management standards*, that will become effective 15 December 2022, are expected to create a paradigm shift in the way audit firms approach quality management. The standards seek to address an evolving and increasingly complex audit ecosystem and a need for quality management systems that are proactive and adaptable.

This panel discussion will address the following pertinent areas:

  •  How the new quality management standards can help elevate audit quality, which is a focus area in the current climate of increasing stakeholder expectations 
  • Potential implementation challenges that may be faced by firms and how to address them 
  • Perspectives of regulator on the rationale of the new quality management standards and expectation on how firms should implement these standards


Moderator:
Mr Ng Kian Hui, Audit Partner, Head of Audit & Assurance, BDO LLP


Panellists:

  • Mr Lee Tze Shiong, Director – Transformation and Quality/ Assurance, Nexia TS PAC
  • Ms Ng Meow Ling, Director and Chief Inspector, Practice Monitoring Department, Accounting and Corporate Regulatory Authority
  • Ms Tan Bee Nah, Partner, Assurance Standards and Technology Leader, PwC Singapore

*Quality Management standards consist of:

  • Singapore Standard on Quality Management (SSQM) 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements;
  • SSQM 2, Engagement Quality Reviews; and 
  • Singapore Standard on Auditing (SSA) 220 (Revised), Quality Management for an Audit of Financial Statements.

6.00pm

End of Conference


*Please note that the programme is subject to changes without further notice.

Highlights of Practitioners Conference 2020


 


Training Methodology

Virtual Conference


Strategic Partners

User-added image

 

Supporting Partners


Contact Details

For registration enquiries, please contact Member Services Centre at +65 6749 8060 or cpe@isca.org.sg.
For all other enquiries, please contact qualityassurance@isca.org.sg.


Live Webinar Link

Instructions on how to log in to the live webinar will be sent to the participant's email address that was used during registration.


Closing Date for Registration

1 day before programme or until full enrolment

Intended For

Practitioners and experienced audit professionals

Competency Mapping

Category 2 = 0.50 Hours
Category 3 = 2.50 Hours
Others = 2.00 Hours

Schedule & Fees

Date & Time

28 Oct 2021 (1:00 PM - 6:00 PM)

Limited Seats

Fee (inclusive of GST)

For Members: $ 171.20
For Non-Members: $ 214.00

Programme Facilitator(s)

Team of Professionals (PC2021)

Venue

Live Webinar in or outside of
Singapore

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Themin Suwardy
Associate Professor, Singapore Management University
 
Dr Themin Suwardy is an Associate Professor of Accounting (Practice) with the SMU School of Accountancy. Before his current appointment as Associate Provost (PGP Education), he was Dean of Postgraduate Professional Programmes (2016-2021), looking after SMU portfolio of Masters programme with an annual intake of over 1,400 students. Prior to joining academia, Themin was an auditor with KPMG Peat Marwick. Themin serves as the Vice Chairman of SATA CommHealth and chairs its Investment and Finance Committee. He is also a Director of GMAC and chairs its Membership committee. He is a member of the Goods and Services Tax Board of Review. He is a regular contributor to professional and regulatory bodies, industry and media on matters related to Corporate Governance and Controls, Accounting Education, and Financial Reporting and Disclosure.
 
Caroline Lee
Chair, Ethics Sub-Committee, Public Accountants Oversight Committee (PAOC)
Deputy Chair, International Ethics Standards Board for Accountants (IESBA)
 
Caroline Lee has over 30 years’ experience in the public accountancy profession. She is a Partner at KPMG in Singapore and Asia Pacific Head of Quality & Risk Management.  Ms. Lee is the Chair of the Public Accountants Oversight Committee’s Ethics Sub-Committee in Singapore and the Deputy Chair of the International Ethics Standards Board for Accountants.  Her work at the IESBA and the PAOC involves setting the IESBA Code of Ethics for Professional Accountants, including International Independence Standards, and the ACRA Code respectively.  Her responsibilities also include encouraging adoption, implementation and application of these ethics and independence standards. Ms. Lee is a Chartered Accountant and ISCA member.  She is also a Public Accountant registered with ACRA.
 
Kuldip Gill
Assistant Chief Executive, Accounting & Compliance Group, Accounting and Corporate Regulatory Authority
 
Ms Kuldip Gill is the Assistant Chief Executive of the Accounting and Corporate Regulatory Authority (ACRA) and oversees the Accounting and Compliance Group which supports ACRA in developing a progressive and responsive regulatory regime as the regulator of business registration, financial reporting, public accountants and corporate service providers. This includes the oversight of public accountants and public accounting entities, financial reporting by companies, as well as setting the strategic direction for ACRA’s enforcement efforts over business entities and company directors.
 
Kuldip leads ACRA’s involvement in the International Forum of Independent Audit Regulators (IFIAR), of which ACRA is a member of the IFIAR Board, Global Audit Quality Working Group and Technology Task Force. She also serves as the Chair of the Human Resources and Governance Committee of the IFIAR Board.
 
Kuldip has more than 30 years’ experience in public accounting in various countries in the region including Australia, Hong Kong and Singapore, with extensive experience in the audits of multinational and local companies in a wide spectrum of industries. Prior to joining ACRA, she was a partner in one of the Big-4 firms in Singapore and was responsible for some of the quality aspects of the network firm.
 
Kuldip is a member of the Institute of Chartered Accountants of Australia and a member of the Institute of Singapore Chartered Accountants.
 
Lynn Tho
EY Asean Infrastructure Advisory Leader; Partner, Strategy and Transactions, Ernst & Young Solutions LLP
 
Lynn advises private- and public-sector clients across Southeast Asia on structuring and financing large and complex capital projects, including public-private partnerships (PPPs) and private-finance initiatives (PFIs). Her work covers many areas, such as policy development, procurement strategy, market sounding, financial modeling as well as financial and commercial advice.
 
She has vast experience as a strategic, commercial, financial, bid and transaction advisor as well as a financier to organizations in the transportation, energy, education, health care and public sectors.
 
Before joining the organization, Lynn worked in the consulting, banking and public sectors across Asia, Europe and Australia.
 
Her public-sector experience includes assisting the Singapore Government and other governments across Asia on several major infrastructure projects. She also previously advised the UK Government on PPP and PFI policies as well as financing oversight of transportation projects.
 
Lynn holds a Bachelor of Economics from the University of Sydney, Australia.
 
June Sim
Senior Vice President and Head, Listing Compliance, Singapore Exchange Regulation
 
Ms June Sim is the Senior Vice President and Head of Listing Compliance in SGX, and oversees the compliance of all SGX-listed companies with the Listing Manual. She leads the function that monitors listed issuers’ compliance with continuing listing obligations, including regulatory oversight of Catalist sponsors. As a senior management member of SGX Regco, her views are valued in discharging SGX’s responsibilities as the frontline regulator in the review of submissions to SGX Regco for corporate action. She is a frequent speaker on various corporate governance seminars and contributes to continuously raise standards for professionals in the capital markets regulatory ecosystem.
 
Ng Kian Hui
Audit Partner, Head of Audit & Assurance, BDO LLP
 
Kian Hui has more than 24 years of experience in providing auditing and assurance services to clients in Singapore and China. His clients are owner-managed companies, listed companies, multinational corporation and state-owned enterprise in diverse industries including property development, construction, education, professional services and natural resources etc.
 
Kian Hui is the Technical Partner and Head of Audit of BDO LLP in Singapore.  He is also a member of the BDO Global IFRS Policy Committee.  Kian Hui currently is a member of the ISCA Financial Reporting Committee and ISCA Audit & Assurance Committee – Core Sub-Committee.
 
Lee Tze Shiong
Director – Transformation and Quality/ Assurance, Nexia TS PAC
 
Tze Shiong has a total of more than 30 years of audit experience, most of which were with the large international audit firms. Prior to joining Nexia TS, he was the Divisional Director of the Public Accountancy Division of the Accounting and Corporate Regulatory Authority (ACRA).
 
In ACRA, he was the Assistant Registrar for the Public Accountants overseeing the Practice Monitoring and Professional Oversight Departments.
 
Prior to joining ACRA, Tze Shiong spearheaded the Small and Medium Sized Enterprise (SME) audit group in one of the Big 4 accounting firms in Singapore. He also assumed the business development role for the SME audit group as well as the firm’s Audit Innovation Program.
 
Tze Shiong was involved in the audit of listed and multi-national groups, initial public offerings and other audit advisory engagements. He worked in different oversea offices of the Big 4 accounting firms, which included Australia, China, Hong Kong and South East Asia.
 
Credentials
  • Bachelor of Accountancy 2nd Class Honours, National University of Singapore
  • Chartered Accountant (Australia)
  • Chartered Accountant (Singapore)
 
Sanjay Gordhan Panjabi
Chairman, ISCA Auditing and Assurance Standards Committee (AASC) Data Analytics Sub-Committee; Deloitte Singapore Audit & Assurance Partner & Audit Innovation Leader, Deloitte Southeast Asia Audit Analytics Leader
 
Sanjay is a Partner with Deloitte SEA based out of Singapore in Audit & Assurance services. He has close to 30 years of experience in public accounting in Singapore and Hong Kong. He leads Audit Analytics for Deloitte SEA and Audit Innovation for the Singapore practice, representing the Singapore Firm on the Global Audit & Assurance Innovation Network. He also chairs the Data Analytics Sub-Committee in ISCA and is a regular speaker at public seminars or events on innovation and analytics in audit.
 
Tan Bee Nah
Partner, Assurance Standards and Technology Leader, PwC Singapore
 
Bee Nah is a Partner at PwC Singapore with over 30 years of professional experience in providing audit and advisory services. She is the Assurance Standards and Technology Leader in Singapore, responsible for the firm's methodology and related matters.
 
Bee Nah has been extensively involved in the audits of companies listed on the Singapore Exchange, US multi-national corporations as well as companies in the public sector. Her clients cover a wide range of industries such as retail and consumer, leisure and hospitality, logistics, and property developments.
 
Bee Nah has experience overseeing the planning, execution and coordination of several Group audits with subsidiaries located across the region. She also has extensive experiences leading audits of subsidiaries of multi-national corporations with significant operations in Singapore reporting to the Group auditors for consolidation purposes.
 
Ng Meow Ling
Director and Chief Inspector, Practice Monitoring Department, Accounting and Corporate Regulatory Authority
 
Ms Ng Meow Ling is the Director of the Practice Monitoring Department (PMD) in the Accounting and Corporate Regulatory Authority of Singapore (ACRA).
 
The Practice Monitoring Department (PMD) supports ACRA in its strategic objective of promoting high quality audit and corporate financial reporting through the administration of the Practice Monitoring Programme, which includes performing practice reviews of audits carried out by public accountants in Singapore. PMD also supports ACRA’s regulatory efforts in monitoring events and trends in the local and international marketplace and carries out other regulatory activities on the work and independence of public accountants when required.
 
Meow Ling spent a total of more than 19 years in the audit profession, serving audit clients across various industries.
 
Meow Ling holds a Bachelor of Accountancy Degree from the Nanyang Technological University. She is a member of the Institute of Singapore Chartered Accountants.
 
Lee Eng Kian
Managing Partner, PKF-CAP LLP
 
Eng Kian is the Managing Partner and Head of Assurance and Advisory of PKF-CAP LLP, Singapore. He has 25 years of audit and advisory experience and has been involved in reporting accountants' work, business advisory, financial due diligence. He chairs the PKF Asia Pacific Assurance Committee and teaches in various local universities.
 
Eng Kian has won many HR awards and PKF has been recognised as top employer of choice by HRD in 2021 and top employer of choice by Influential Brands in 2020.
 
Eng Kian has led PKF in technology adoption and the firm is an early adopter of data analytics and robotic process automation.
 
Marcus Lam
Executive Chairman, PricewaterhouseCoopers LLP
 
Marcus is the Executive Chairman of PwC Singapore and he is with the firm for more than 25 years. Marcus has many years of professional experience providing audit and advisory and consulting services to listed companies, multinational corporations and government agencies across different industries and sectors in Singapore.
 
Outside of PwC, Marcus is very active in the non-profit sectors, he is the Vice President of the Parkinson Society Singapore, Deputy Chairman of the Singapore Polytechnic Board of Governors, a Member of the Accounting Standards Council (ASC) and a Council Member of the Institute of Singapore Chartered Accountants (ISCA). In addition, he is a Chairman of the Edusave Advisory Council, Ministry of Education, a Board Member of the Alumni Advisory Board of Nanyang Business School, Nanyang Technological University of Singapore.
 
Mr Lam holds a First Class (Honours) Accountancy degree from the Nanyang Technological University. He is also a Chartered Financial Analyst and a practicing member of ISCA and a member of the ASEAN Chartered Professional Accountant (ASEAN CPA).
 
KG Tan
Managing Director, Precursor Assurance PAC
 
Mr Tan Khoon Guan (KG) is the founder and Managing Director of Precursor Assurance PAC, a firm of Chartered Accountants of Singapore that started in 2006. KG has more than twenty years of experience in finance, accounting, auditing, tax, structured and corporate finance advisory and digital transformation in the accounting industry. Under his leadership, Precursor has achieved various accolades, including the Innovation Award and Best Practice Award (SMP) during the Singapore Accountancy Awards in 2014, 2016 and 2018. Recently, the firm was accredited the prestigious Singapore Quality Class for People (Business Excellence) by Enterprise Singapore. Over the years, KG has contributed actively towards the advancement of the accounting industry in Singapore. Most notably, his contributions towards the growth of digital transformation in the accounting industry and he was featured by the Singapore Business Times as an exemplary Leader of Transformation in the accounting sector.


Group Package at 15% off (Register for 3 or more pax and enjoy the special rate!)

Programme Objective

ISCA’s flagship event for practitioners and the final instalment of the Singapore Accountancy and Audit Convention (SAAC) series.

This year’s Practitioners Conference emphasises the role of auditors as leaders in the face of change, and the need to respond to change quickly to continuously bring value to stakeholders. Covid-19 provoked fundamental changes and shifts, shaking up historical norms, and inspired new business and operating models. The profession needs to move faster than the change in the business environment and be a partner to businesses’ change agenda.

Join us as industry leaders discuss some of these challenging areas facing the profession. The Conference will also drive the important theme of audit quality, an important core of the audit profession.

Fees

Categories
Fees (inclusive of GST)
Individual
Member: $171.20
Non-Member: $214.00
 
Group

 
Register for 3 or more pax and enjoy a 15% discount (at $145.50 per pax)

The individuals need not be from the same firm.
 

Programme Outline

Time

Topic

12.30pm

Registration

1.00pm

Welcome Address

Mr Kon Yin Tong, President, Institute of Singapore Chartered Accountants

1.15pm

Keynote Address by Guest-of-Honour

Mrs Tan Ching Yee, Permanent Secretary, Ministry of Finance

1.30pm

Panel Discussion: At the Lead of Change

The pace of change seems to be accelerating at a rate impossible to fathom. Covid-19 provoked fundamental changes and shifts, shaking up historical norms, and inspired new business and operating models. The question is no longer “whether” and “how” the auditor needs to acclimate in view of these changes; it’s “how fast?”

This panel discussion emphasises the role of auditors as leaders in the face of change, and the need for the profession to move faster than the change in the business environment to be a partner to businesses’ change agenda.

Moderator:
Mr Lee Eng Kian, Managing Partner, PKF-CAP LLP

Panellists:

  • Ms Kuldip Gill, Assistant Chief Executive, Accounting and Compliance Group, Accounting and Corporate Regulatory Authority
  • Mr Marcus Lam, Executive Chairman, PricewaterhouseCoopers LLP
  • Ms June Sim, Senior Vice President and Head, Listing Compliance, Singapore Exchange Regulation
  • Mr KG Tan, Managing Director, Precursor Assurance PAC 

2.30pm

Quality Management in the New Norm

COVID-19 has accelerated the implementation of technology in audits, and this has been reflected in revisions to auditing standards and guidance to allow for innovation and deployment of technological audit tools. The changes in the suite of Quality Management Standards will go a long way towards advancing the audit profession, achieving high quality audit engagements, generate value for the stakeholders in the financial reporting ecosystem, and ultimately maintaining public trust.

To promote high quality audit, ACRA will be enhancing its audit regulatory regime to widen the scope of inspection powers through amendments to the Accountants Act. ACRA will be sharing the key proposed legislative amendments as well as highlight observations from its firm level and engagement inspections, common and recurring deficiencies, and key reminders to guide the audit profession in upholding high quality audits.

Speaker:
Ms Kuldip Gill, Assistant Chief Executive, Accounting and Compliance Group, Accounting and Corporate Regulatory Authority

3.00pm

Screen Break

3.15pm

Emerging Risks and Considerations from Infrastructure Sector Growth

Infrastructure investments are critical to providing basic needs and are a key driver of economic recovery and long-term growth. In Southeast Asia, infrastructure investment needs are estimated to be USD 184 billion per annum from 2016 to 2030. With a fuelled growth in the sector, the potential risks, whether business or financial, that could arise during the infrastructure project lifecycle will also evolve. What are the emerging risks and considerations arising from the rapid infrastructure sector growth? Join us to find out more about the implications of these risks on the audit of infrastructure development companies now.

Speaker:
Ms Lynn Tho, EY Asean Infrastructure Advisory Leader; Partner, Strategy and Transactions, Ernst & Young Solutions LLP

3.45pm

Audit Adjustments Matter (2nd edition): Unlocking the Value of Audits

Following ACRA’s 2014 study on the nature and extent of proposed audit adjustments for the listed companies in Singapore, ACRA has commissioned a second audit adjustment study to assess how listed companies have fared in recent years. This follow-up study, led by Dr Themin Suwardy (Singapore Management University) and Dr Lim Chu Yeong (Nanyang Technological University), will provide deeper insights into the nature and extent of common audit adjustments made by auditors, and highlight potential areas of improvement to raise the quality of financial reporting in Singapore.

Speaker:
Dr Themin Suwardy, Associate Professor, Singapore Management University

4.05pm

Data Analytics: The Future of Audit 

In the age of digitalisation, data analytics is the immediate game-changer for the audit industry as the profession seeks to innovate its way to more effective audits in the face of mounting stakeholder expectations, business complexities, technological advancements and volume of transactions. Adapting to new technologies has never been more critical.


AGS 13 Data Analytics in a Financial Statements Audit was issued by ISCA to provide guidance for auditors on the key principles of the application of data analytics in the audit of financial statements.

In this segment, the Chairman of the AASC Data Analytics Sub-Committee, will share how data analytics can contribute to highly effective audits, and how auditors can kick-start their data analytics journey using AGS 13.

Speaker:

Mr Sanjay Gordhan Panjabi, Chairman, ISCA Auditing and Assurance Standards Committee (AASC) Data Analytics Sub-Committee; Deloitte Singapore Audit & Assurance Partner & Audit Innovation Leader, Deloitte Southeast Asia Audit Analytics Leader

4.30pm

Ethics and Independence in a Dynamic World

This segment addresses the role of auditors as ethical leaders under the Ethics Code, especially in the face of change in a dynamic world. It also introduces strengthening of guardrails around auditor independence, which increases in importance when business and operating models change.

Speaker:
Ms Caroline Lee, Chair of ACRA PAOC Ethics Sub-Committee; Deputy Chair of International Ethics Standards Board for Accountants (IESBA)

5.00pm

Panel Discussion: Raising the Bar for Quality Management in Audit Firms

The new and revised quality management standards*, that will become effective 15 December 2022, are expected to create a paradigm shift in the way audit firms approach quality management. The standards seek to address an evolving and increasingly complex audit ecosystem and a need for quality management systems that are proactive and adaptable.

This panel discussion will address the following pertinent areas:

  •  How the new quality management standards can help elevate audit quality, which is a focus area in the current climate of increasing stakeholder expectations 
  • Potential implementation challenges that may be faced by firms and how to address them 
  • Perspectives of regulator on the rationale of the new quality management standards and expectation on how firms should implement these standards


Moderator:
Mr Ng Kian Hui, Audit Partner, Head of Audit & Assurance, BDO LLP


Panellists:

  • Mr Lee Tze Shiong, Director – Transformation and Quality/ Assurance, Nexia TS PAC
  • Ms Ng Meow Ling, Director and Chief Inspector, Practice Monitoring Department, Accounting and Corporate Regulatory Authority
  • Ms Tan Bee Nah, Partner, Assurance Standards and Technology Leader, PwC Singapore

*Quality Management standards consist of:

  • Singapore Standard on Quality Management (SSQM) 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements;
  • SSQM 2, Engagement Quality Reviews; and 
  • Singapore Standard on Auditing (SSA) 220 (Revised), Quality Management for an Audit of Financial Statements.

6.00pm

End of Conference


*Please note that the programme is subject to changes without further notice.

Highlights of Practitioners Conference 2020


 


Training Methodology

Virtual Conference


Strategic Partners

User-added image

 

Supporting Partners


Contact Details

For registration enquiries, please contact Member Services Centre at +65 6749 8060 or cpe@isca.org.sg.
For all other enquiries, please contact qualityassurance@isca.org.sg.


Live Webinar Link

Instructions on how to log in to the live webinar will be sent to the participant's email address that was used during registration.


Closing Date for Registration

1 day before programme or until full enrolment

Intended For

Practitioners and experienced audit professionals

Competency Mapping

Category 2 = 0.50 Hours
Category 3 = 2.50 Hours
Others = 2.00 Hours

Programme Facilitator(s)

Themin Suwardy
Associate Professor, Singapore Management University
 
Dr Themin Suwardy is an Associate Professor of Accounting (Practice) with the SMU School of Accountancy. Before his current appointment as Associate Provost (PGP Education), he was Dean of Postgraduate Professional Programmes (2016-2021), looking after SMU portfolio of Masters programme with an annual intake of over 1,400 students. Prior to joining academia, Themin was an auditor with KPMG Peat Marwick. Themin serves as the Vice Chairman of SATA CommHealth and chairs its Investment and Finance Committee. He is also a Director of GMAC and chairs its Membership committee. He is a member of the Goods and Services Tax Board of Review. He is a regular contributor to professional and regulatory bodies, industry and media on matters related to Corporate Governance and Controls, Accounting Education, and Financial Reporting and Disclosure.
 
Caroline Lee
Chair, Ethics Sub-Committee, Public Accountants Oversight Committee (PAOC)
Deputy Chair, International Ethics Standards Board for Accountants (IESBA)
 
Caroline Lee has over 30 years’ experience in the public accountancy profession. She is a Partner at KPMG in Singapore and Asia Pacific Head of Quality & Risk Management.  Ms. Lee is the Chair of the Public Accountants Oversight Committee’s Ethics Sub-Committee in Singapore and the Deputy Chair of the International Ethics Standards Board for Accountants.  Her work at the IESBA and the PAOC involves setting the IESBA Code of Ethics for Professional Accountants, including International Independence Standards, and the ACRA Code respectively.  Her responsibilities also include encouraging adoption, implementation and application of these ethics and independence standards. Ms. Lee is a Chartered Accountant and ISCA member.  She is also a Public Accountant registered with ACRA.
 
Kuldip Gill
Assistant Chief Executive, Accounting & Compliance Group, Accounting and Corporate Regulatory Authority
 
Ms Kuldip Gill is the Assistant Chief Executive of the Accounting and Corporate Regulatory Authority (ACRA) and oversees the Accounting and Compliance Group which supports ACRA in developing a progressive and responsive regulatory regime as the regulator of business registration, financial reporting, public accountants and corporate service providers. This includes the oversight of public accountants and public accounting entities, financial reporting by companies, as well as setting the strategic direction for ACRA’s enforcement efforts over business entities and company directors.
 
Kuldip leads ACRA’s involvement in the International Forum of Independent Audit Regulators (IFIAR), of which ACRA is a member of the IFIAR Board, Global Audit Quality Working Group and Technology Task Force. She also serves as the Chair of the Human Resources and Governance Committee of the IFIAR Board.
 
Kuldip has more than 30 years’ experience in public accounting in various countries in the region including Australia, Hong Kong and Singapore, with extensive experience in the audits of multinational and local companies in a wide spectrum of industries. Prior to joining ACRA, she was a partner in one of the Big-4 firms in Singapore and was responsible for some of the quality aspects of the network firm.
 
Kuldip is a member of the Institute of Chartered Accountants of Australia and a member of the Institute of Singapore Chartered Accountants.
 
Lynn Tho
EY Asean Infrastructure Advisory Leader; Partner, Strategy and Transactions, Ernst & Young Solutions LLP
 
Lynn advises private- and public-sector clients across Southeast Asia on structuring and financing large and complex capital projects, including public-private partnerships (PPPs) and private-finance initiatives (PFIs). Her work covers many areas, such as policy development, procurement strategy, market sounding, financial modeling as well as financial and commercial advice.
 
She has vast experience as a strategic, commercial, financial, bid and transaction advisor as well as a financier to organizations in the transportation, energy, education, health care and public sectors.
 
Before joining the organization, Lynn worked in the consulting, banking and public sectors across Asia, Europe and Australia.
 
Her public-sector experience includes assisting the Singapore Government and other governments across Asia on several major infrastructure projects. She also previously advised the UK Government on PPP and PFI policies as well as financing oversight of transportation projects.
 
Lynn holds a Bachelor of Economics from the University of Sydney, Australia.
 
June Sim
Senior Vice President and Head, Listing Compliance, Singapore Exchange Regulation
 
Ms June Sim is the Senior Vice President and Head of Listing Compliance in SGX, and oversees the compliance of all SGX-listed companies with the Listing Manual. She leads the function that monitors listed issuers’ compliance with continuing listing obligations, including regulatory oversight of Catalist sponsors. As a senior management member of SGX Regco, her views are valued in discharging SGX’s responsibilities as the frontline regulator in the review of submissions to SGX Regco for corporate action. She is a frequent speaker on various corporate governance seminars and contributes to continuously raise standards for professionals in the capital markets regulatory ecosystem.
 
Ng Kian Hui
Audit Partner, Head of Audit & Assurance, BDO LLP
 
Kian Hui has more than 24 years of experience in providing auditing and assurance services to clients in Singapore and China. His clients are owner-managed companies, listed companies, multinational corporation and state-owned enterprise in diverse industries including property development, construction, education, professional services and natural resources etc.
 
Kian Hui is the Technical Partner and Head of Audit of BDO LLP in Singapore.  He is also a member of the BDO Global IFRS Policy Committee.  Kian Hui currently is a member of the ISCA Financial Reporting Committee and ISCA Audit & Assurance Committee – Core Sub-Committee.
 
Lee Tze Shiong
Director – Transformation and Quality/ Assurance, Nexia TS PAC
 
Tze Shiong has a total of more than 30 years of audit experience, most of which were with the large international audit firms. Prior to joining Nexia TS, he was the Divisional Director of the Public Accountancy Division of the Accounting and Corporate Regulatory Authority (ACRA).
 
In ACRA, he was the Assistant Registrar for the Public Accountants overseeing the Practice Monitoring and Professional Oversight Departments.
 
Prior to joining ACRA, Tze Shiong spearheaded the Small and Medium Sized Enterprise (SME) audit group in one of the Big 4 accounting firms in Singapore. He also assumed the business development role for the SME audit group as well as the firm’s Audit Innovation Program.
 
Tze Shiong was involved in the audit of listed and multi-national groups, initial public offerings and other audit advisory engagements. He worked in different oversea offices of the Big 4 accounting firms, which included Australia, China, Hong Kong and South East Asia.
 
Credentials
  • Bachelor of Accountancy 2nd Class Honours, National University of Singapore
  • Chartered Accountant (Australia)
  • Chartered Accountant (Singapore)
 
Sanjay Gordhan Panjabi
Chairman, ISCA Auditing and Assurance Standards Committee (AASC) Data Analytics Sub-Committee; Deloitte Singapore Audit & Assurance Partner & Audit Innovation Leader, Deloitte Southeast Asia Audit Analytics Leader
 
Sanjay is a Partner with Deloitte SEA based out of Singapore in Audit & Assurance services. He has close to 30 years of experience in public accounting in Singapore and Hong Kong. He leads Audit Analytics for Deloitte SEA and Audit Innovation for the Singapore practice, representing the Singapore Firm on the Global Audit & Assurance Innovation Network. He also chairs the Data Analytics Sub-Committee in ISCA and is a regular speaker at public seminars or events on innovation and analytics in audit.
 
Tan Bee Nah
Partner, Assurance Standards and Technology Leader, PwC Singapore
 
Bee Nah is a Partner at PwC Singapore with over 30 years of professional experience in providing audit and advisory services. She is the Assurance Standards and Technology Leader in Singapore, responsible for the firm's methodology and related matters.
 
Bee Nah has been extensively involved in the audits of companies listed on the Singapore Exchange, US multi-national corporations as well as companies in the public sector. Her clients cover a wide range of industries such as retail and consumer, leisure and hospitality, logistics, and property developments.
 
Bee Nah has experience overseeing the planning, execution and coordination of several Group audits with subsidiaries located across the region. She also has extensive experiences leading audits of subsidiaries of multi-national corporations with significant operations in Singapore reporting to the Group auditors for consolidation purposes.
 
Ng Meow Ling
Director and Chief Inspector, Practice Monitoring Department, Accounting and Corporate Regulatory Authority
 
Ms Ng Meow Ling is the Director of the Practice Monitoring Department (PMD) in the Accounting and Corporate Regulatory Authority of Singapore (ACRA).
 
The Practice Monitoring Department (PMD) supports ACRA in its strategic objective of promoting high quality audit and corporate financial reporting through the administration of the Practice Monitoring Programme, which includes performing practice reviews of audits carried out by public accountants in Singapore. PMD also supports ACRA’s regulatory efforts in monitoring events and trends in the local and international marketplace and carries out other regulatory activities on the work and independence of public accountants when required.
 
Meow Ling spent a total of more than 19 years in the audit profession, serving audit clients across various industries.
 
Meow Ling holds a Bachelor of Accountancy Degree from the Nanyang Technological University. She is a member of the Institute of Singapore Chartered Accountants.
 
Lee Eng Kian
Managing Partner, PKF-CAP LLP
 
Eng Kian is the Managing Partner and Head of Assurance and Advisory of PKF-CAP LLP, Singapore. He has 25 years of audit and advisory experience and has been involved in reporting accountants' work, business advisory, financial due diligence. He chairs the PKF Asia Pacific Assurance Committee and teaches in various local universities.
 
Eng Kian has won many HR awards and PKF has been recognised as top employer of choice by HRD in 2021 and top employer of choice by Influential Brands in 2020.
 
Eng Kian has led PKF in technology adoption and the firm is an early adopter of data analytics and robotic process automation.
 
Marcus Lam
Executive Chairman, PricewaterhouseCoopers LLP
 
Marcus is the Executive Chairman of PwC Singapore and he is with the firm for more than 25 years. Marcus has many years of professional experience providing audit and advisory and consulting services to listed companies, multinational corporations and government agencies across different industries and sectors in Singapore.
 
Outside of PwC, Marcus is very active in the non-profit sectors, he is the Vice President of the Parkinson Society Singapore, Deputy Chairman of the Singapore Polytechnic Board of Governors, a Member of the Accounting Standards Council (ASC) and a Council Member of the Institute of Singapore Chartered Accountants (ISCA). In addition, he is a Chairman of the Edusave Advisory Council, Ministry of Education, a Board Member of the Alumni Advisory Board of Nanyang Business School, Nanyang Technological University of Singapore.
 
Mr Lam holds a First Class (Honours) Accountancy degree from the Nanyang Technological University. He is also a Chartered Financial Analyst and a practicing member of ISCA and a member of the ASEAN Chartered Professional Accountant (ASEAN CPA).
 
KG Tan
Managing Director, Precursor Assurance PAC
 
Mr Tan Khoon Guan (KG) is the founder and Managing Director of Precursor Assurance PAC, a firm of Chartered Accountants of Singapore that started in 2006. KG has more than twenty years of experience in finance, accounting, auditing, tax, structured and corporate finance advisory and digital transformation in the accounting industry. Under his leadership, Precursor has achieved various accolades, including the Innovation Award and Best Practice Award (SMP) during the Singapore Accountancy Awards in 2014, 2016 and 2018. Recently, the firm was accredited the prestigious Singapore Quality Class for People (Business Excellence) by Enterprise Singapore. Over the years, KG has contributed actively towards the advancement of the accounting industry in Singapore. Most notably, his contributions towards the growth of digital transformation in the accounting industry and he was featured by the Singapore Business Times as an exemplary Leader of Transformation in the accounting sector.

Upcoming Schedule

Limited Seats

Date & Time

28 Oct 2021 (1:00 PM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 171.20
For Non-Members: $ 214.00

Programme Facilitator(s)

Team of Professionals (PC2021)

Venue

Live Webinar in or outside of
Singapore