Programme ObjectiveThe SSA 315 (Revised) issued in August 2021 has been revised to enable more robust and consistent risk identification and assessment. The key enhancements include enhancing the application of professional skepticism in audit, encourage a more robust risk assessment and thereby more focused responses to identified risks. This course will discuss the revised SSA315 which is effective for audits of financial statements for periods beginning on or after 15 December 2021.This course aims to provide audit professionals with guidance on risk assessment procedures, obtaining an understanding of the entity and its environment, and the entity's system of internal control, enabling the auditor to identify and assess risks of material misstatement (RoMM). The auditor will then develop procedures to respond to RoMM and evaluate the sufficiency and appropriateness of audit evidence.
Risk Assessment Procedures and Related ActivitiesObtaining an Understanding of the Entity and Its Environment, the Applicable Financial Reporting Framework and the Entity's System of Internal Control Identifying and Assessing the Risks of Material Misstatement Overall Responses to identified risksAudit Procedures Responsive to the Assessed Risks of Material Misstatement at the Assertion LevelEvaluating the Sufficiency and Appropriateness of Audit Evidence Learning Outcomes Upon completion of the course, the participant will be able to:Perform proper risk assessment procedures in accordance with the revised SSA 315Identify and assess RoMM Develop appropriate procedures to respond to RoMMTraining MethodologyLecture style with case studies and examplesClosing Date for Registration1 week before programme or until full enrolment.
Learning Outcomes Upon completion of the course, the participant will be able to:
Training MethodologyLecture style with case studies and examplesClosing Date for Registration
1 week before programme or until full enrolment.
Experienced audit associates to audit partners
Category 3 = 3.50 Hours
28 Aug 2024 (9:00 AM - 12:30 PM)
For Members: $ 183.12 For Non-Members: $ 218.00
11 Nov 2024 (9:00 AM - 12:30 PM)
For Members: $ 220.18 For Non-Members: $ 261.60
Titus Kuan CA Singapore
PKF LLP
Titus started his career in 2003 in a Big Four firm in Singapore which spanned 18 years including a 2-year secondment to London. During his career there, he was managing both assurance engagements and learning and development (L&D) function for the firm.
Subsequently, he assumed the technical and L&D director role in ISCA, and was responsible for technical advisory work covering Auditing, Assurance, FRS, Corporate Reporting and Ethics. He was also heading the CPE department focusing on members’ professional development.
Thereafter he spent 4 years in a mid-tier accounting firm in Singapore. He was the signing partner for companies in various industries and was also the technical director taking charge of the firm’s training program and provided technical advisory support to the firm.
He also trains externally for the Singapore CA Qualification program, ISCA CPE courses and is an adjunct lecturer at Singapore University of Social Sciences.
Live Webinar in or outside ofSingapore
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This Course is Intended for CA Singapore Users..
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Do you wish to apply for SFC funding? (Singapore Citizenship Only)
30 Apr 2024 - 30 Apr 2024
10 May 2024 - 10 May 2024