Course Detail(QA073 : Quality Management 1.5-Day Workshop)

QA073 : Quality Management 1.5-Day Workshop NEW

10.50 CPE Hours (Category 3)
Classroom

Formerly Quality Management 2-Day Workshop

Note
All participants will be required to bring along their own laptops and chargers for the workshops.

 

Programme Overview

ISCA has issued three interrelated standards that address quality management in October 2021. These three new interrelated standards, which replace Singapore Standard on Quality Control (SSQC) 1 and Singapore Standard on Auditing (SSA) 220, are effective 15 December 2022. Audit firms are required to adopt a risk-based approach to implement quality management systems that are responsive to changes in the nature and circumstances of the firms and their engagements.

In today’s evolving and increasingly complex audit environment, having a system of quality management is not just a matter of complying with the standards, but also to establish a strong foundation for consistent engagement quality.

This 1.5-day workshop will provide you with insightful knowledge and help to address your concerns on your Singapore Standards on Quality Management (SSQM) implementation process.

Programme Outline

  • Understand the key requirements of SSQMs, common practical challenges faced by Small and Medium-sized Practices (SMPs) and recommended approaches to address them
  • Receive a FREE SSQM Toolkit (comprising of possible quality risks, suggested policies & procedures, implementation help tips, practical examples and forms for each component) which will be used as one of the materials during the workshop
  • Learn how to adapt from our SSQM Toolkit and tailor to your firm’s circumstances
  • Discussion-based workshop including advice from facilitator on the development of your customised quality management manual

This is an interactive workshop and the class size will be capped at a small capacity, do grab your seat today!
 
Training Methodology
 
Lecture style, Discussion-based with Exercises
 
Closing Date for Registration
 
1 week before programme or until full enrolment

Intended For

Practitioners & Senior Audit Professionals

Competency Mapping

Category 3 = 10.50 Hours

Schedule & Fees

Date & Time

23 May 2022 (9:00 AM - 5:00 PM)
24 May 2022 (9:00 AM - 12:30 PM)

Limited Seats

Fee (inclusive of GST)

For Members: $ 802.50
For Non-Members: $ 963.00

Programme Facilitator(s)

Ernest Fok

Venue

60 Cecil Street
ISCA House
Singapore 049709

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Mr Ernest Fok

Ernest Fok is the co-founder and director of two companies, which provides incorporation, accounting, corporate secretarial and other consultancy services such as IPO consultancy services to small and medium enterprises and listed companies in Singapore. He also provides audit consultancy services to various public accountants and public accounting firms in Singapore. He is regularly involved in pre-issuance and post-issuance of audit files, as well as provision of advisory services on regulatory reviews such as Practice Monitoring Programme (PMP), Ethics Pronouncement 200 (EP 200) and Singapore Standard on Quality Control No. 1 (SSQC 1). Ernest collaborates regularly with ISCA on development of training materials for the accounting profession.

 

Prior to that, he was the Head of the Practice Monitoring Department (PMD) in the Accountancy and Corporate Regulatory Authority (ACRA). The 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.

 

Ernest has 20 years of audit and inspection experience. He has extensive experience in the audits and inspections of financial institutions and companies across various industries, including manufacturing, hotels, pharmaceuticals, telecommunications, aerospace and defense, asset management, logistics, construction, property developers, marine, shipbuilding and trading in both Big-4 and mid-tier audit firms. He has facilitated at local seminars attended by CFOs, Financial Controllers and Finance Managers and overseas inspection workshops attended by leading audit regulators from leading jurisdictions. He has also provided training to staff in audit firms on a range of accounting and auditing topics.

 

Ernest holds a Bachelor of Accountancy (1st Class Honours) Degree from Nanyang Technological University. He is a Chartered Accountant and a member of the Institute of Singapore Chartered Accountants. He was also a recipient of the ICPAS scholarship.

Formerly Quality Management 2-Day Workshop

Note
All participants will be required to bring along their own laptops and chargers for the workshops.

 

Programme Overview

ISCA has issued three interrelated standards that address quality management in October 2021. These three new interrelated standards, which replace Singapore Standard on Quality Control (SSQC) 1 and Singapore Standard on Auditing (SSA) 220, are effective 15 December 2022. Audit firms are required to adopt a risk-based approach to implement quality management systems that are responsive to changes in the nature and circumstances of the firms and their engagements.

In today’s evolving and increasingly complex audit environment, having a system of quality management is not just a matter of complying with the standards, but also to establish a strong foundation for consistent engagement quality.

This 1.5-day workshop will provide you with insightful knowledge and help to address your concerns on your Singapore Standards on Quality Management (SSQM) implementation process.

Programme Outline

  • Understand the key requirements of SSQMs, common practical challenges faced by Small and Medium-sized Practices (SMPs) and recommended approaches to address them
  • Receive a FREE SSQM Toolkit (comprising of possible quality risks, suggested policies & procedures, implementation help tips, practical examples and forms for each component) which will be used as one of the materials during the workshop
  • Learn how to adapt from our SSQM Toolkit and tailor to your firm’s circumstances
  • Discussion-based workshop including advice from facilitator on the development of your customised quality management manual

This is an interactive workshop and the class size will be capped at a small capacity, do grab your seat today!
 
Training Methodology
 
Lecture style, Discussion-based with Exercises
 
Closing Date for Registration
 
1 week before programme or until full enrolment

Intended For

Practitioners & Senior Audit Professionals

Competency Mapping

Category 3 = 10.50 Hours

Programme Facilitator(s)

Mr Ernest Fok

Ernest Fok is the co-founder and director of two companies, which provides incorporation, accounting, corporate secretarial and other consultancy services such as IPO consultancy services to small and medium enterprises and listed companies in Singapore. He also provides audit consultancy services to various public accountants and public accounting firms in Singapore. He is regularly involved in pre-issuance and post-issuance of audit files, as well as provision of advisory services on regulatory reviews such as Practice Monitoring Programme (PMP), Ethics Pronouncement 200 (EP 200) and Singapore Standard on Quality Control No. 1 (SSQC 1). Ernest collaborates regularly with ISCA on development of training materials for the accounting profession.

 

Prior to that, he was the Head of the Practice Monitoring Department (PMD) in the Accountancy and Corporate Regulatory Authority (ACRA). The 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.

 

Ernest has 20 years of audit and inspection experience. He has extensive experience in the audits and inspections of financial institutions and companies across various industries, including manufacturing, hotels, pharmaceuticals, telecommunications, aerospace and defense, asset management, logistics, construction, property developers, marine, shipbuilding and trading in both Big-4 and mid-tier audit firms. He has facilitated at local seminars attended by CFOs, Financial Controllers and Finance Managers and overseas inspection workshops attended by leading audit regulators from leading jurisdictions. He has also provided training to staff in audit firms on a range of accounting and auditing topics.

 

Ernest holds a Bachelor of Accountancy (1st Class Honours) Degree from Nanyang Technological University. He is a Chartered Accountant and a member of the Institute of Singapore Chartered Accountants. He was also a recipient of the ICPAS scholarship.


Upcoming Schedule

Limited Seats

Date & Time

23 May 2022 (9:00 AM - 5:00 PM)
24 May 2022 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 802.50
For Non-Members: $ 963.00

Programme Facilitator(s)

Ernest Fok

Venue

60 Cecil Street
ISCA House
Singapore 049709