Course Detail(E193 : Ethics Pronouncement 200 (EP 200) and its implication to Audit Processes)
Not Available

UTAP Funding

E193 : Ethics Pronouncement 200 (EP 200) and its implication to Audit Processes

3.50 CPE Hours (Category 2)
Classroom

Programme Objective

Ethics Pronouncement (EP) 200 provides the anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements and guidelines for professional accountants in Singapore. EP 200 is applicable to all professional accountants in business, public practices and professional firms. 

 In addition to the EP 200, Registered Filing Agents (RFAs) are also required to follow guidelines to comply with AML and CFT.  Inevitably, professionals would question the differences between EP 200 and the RFA Guidelines.  ACRA had also issued an Audit Practice Bulletin setting out some recommendations which aligned the RFA Guidelines with EP 200. 
 
 This programme is designed specifically to provide Audit Professionals practical guidance on the required EP 200 documentation, taking into consideration the key differences between the RFA Guidelines and the EP 200 requirements as well as ACRA’s APB Bulletin issued. Key Findings from the ACRA’s latest EP 200 Inspection Findings will also be discussed. 

Programme Outline

  • Sharing of Findings from Regulators 
  • Sharing of Evolution of Compliance with AML/CFT 
  • RFA Guidelines versus EP 200 
  • Audit Practice Bulletins 
  • Suspicious Transaction Reporting Office (STRO) 
  • Case highlights from STRO Office  
  • Case highlights from Commercial Affair Department (CAD) report – addressing the WHY 
  • Performing Customer Due Diligence (CDD) – Addressing the “How” 
  • Documentation Requirements & Understanding your Obligation as a Professional Firm/Staff 


Training Methodology

Lecture style with case studies and examples

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

Professional Accountants in business, public practices and professional firms.

Competency Mapping

Category 2 = 3.50 Hours

Schedule & Fees
Date & Time

18 Jul 2025 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 221.27
For Non-Members: $ 263.78

Programme Facilitator(s)

Magdalene Ang

Venue

60 Cecil Street
ISCA House
Singapore 049709
Date & Time

05 Dec 2025 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 265.96
For Non-Members: $ 316.10

Programme Facilitator(s)

Magdalene Ang

Venue

60 Cecil Street
ISCA House
Singapore 049709

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

To find out more on the UTAP funding and support validity period please click here.

Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)


Magdalene Ang 

Magdalene is a Partner in a local accounting firm with over 14 years of professional experience. She has been involved in audit, internal audit, and special engagements such as Initial Public Offering, Reverse Take Over reporting accountant works and Due Diligence exercise. She has served clients ranging from small and medium enterprises to Singapore Listed Companies, and Multinational Corporations (MNC).

Magdalene went on to join an US MNC in 2011 where she oversees the tax planning, credit control and cash flow management of the Group’s operations in Singapore, Malaysia, China, Indonesia and India. In 2012, Magdalene joined the Institute of Singapore Chartered Accountants (“ISCA”) where her role includes the launched of ISCA’s inaugural Quality Assurance Review Seminar (2013), the Quality Assurance Review Programme (2012), and Technical Clinics (2012). She also contributes monthly articles to ISCA Journal on audit related topics such as Inventories, Related Parties and many more based on the monthly technical clinics conducted, in a Q&A format targeted for auditors, in particular those from the small and medium-sized practices.

Currently, Magdalene conducts regular training for external organization mainly on audit and financial reporting topics.  She also provides training and consultancy services for local accounting firm.  Magdalene is also a regular workshop facilitator and exam marker for the Singapore Qualification Programme on the Financial Reporting Module.

Magdalene is a Chartered Accountants (Practising) (Singapore) and a Fellow Chartered Certified Accountant (“FCCA”).
 

Programme Objective

Ethics Pronouncement (EP) 200 provides the anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements and guidelines for professional accountants in Singapore. EP 200 is applicable to all professional accountants in business, public practices and professional firms. 

 In addition to the EP 200, Registered Filing Agents (RFAs) are also required to follow guidelines to comply with AML and CFT.  Inevitably, professionals would question the differences between EP 200 and the RFA Guidelines.  ACRA had also issued an Audit Practice Bulletin setting out some recommendations which aligned the RFA Guidelines with EP 200. 
 
 This programme is designed specifically to provide Audit Professionals practical guidance on the required EP 200 documentation, taking into consideration the key differences between the RFA Guidelines and the EP 200 requirements as well as ACRA’s APB Bulletin issued. Key Findings from the ACRA’s latest EP 200 Inspection Findings will also be discussed. 

Programme Outline

  • Sharing of Findings from Regulators 
  • Sharing of Evolution of Compliance with AML/CFT 
  • RFA Guidelines versus EP 200 
  • Audit Practice Bulletins 
  • Suspicious Transaction Reporting Office (STRO) 
  • Case highlights from STRO Office  
  • Case highlights from Commercial Affair Department (CAD) report – addressing the WHY 
  • Performing Customer Due Diligence (CDD) – Addressing the “How” 
  • Documentation Requirements & Understanding your Obligation as a Professional Firm/Staff 


Training Methodology

Lecture style with case studies and examples

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

Professional Accountants in business, public practices and professional firms.

Competency Mapping

Category 2 = 3.50 Hours

Programme Facilitator(s)

Magdalene Ang 

Magdalene is a Partner in a local accounting firm with over 14 years of professional experience. She has been involved in audit, internal audit, and special engagements such as Initial Public Offering, Reverse Take Over reporting accountant works and Due Diligence exercise. She has served clients ranging from small and medium enterprises to Singapore Listed Companies, and Multinational Corporations (MNC).

Magdalene went on to join an US MNC in 2011 where she oversees the tax planning, credit control and cash flow management of the Group’s operations in Singapore, Malaysia, China, Indonesia and India. In 2012, Magdalene joined the Institute of Singapore Chartered Accountants (“ISCA”) where her role includes the launched of ISCA’s inaugural Quality Assurance Review Seminar (2013), the Quality Assurance Review Programme (2012), and Technical Clinics (2012). She also contributes monthly articles to ISCA Journal on audit related topics such as Inventories, Related Parties and many more based on the monthly technical clinics conducted, in a Q&A format targeted for auditors, in particular those from the small and medium-sized practices.

Currently, Magdalene conducts regular training for external organization mainly on audit and financial reporting topics.  She also provides training and consultancy services for local accounting firm.  Magdalene is also a regular workshop facilitator and exam marker for the Singapore Qualification Programme on the Financial Reporting Module.

Magdalene is a Chartered Accountants (Practising) (Singapore) and a Fellow Chartered Certified Accountant (“FCCA”).
 

Upcoming Schedule

Date & Time

18 Jul 2025 (9:00 AM - 12:30 PM)
Fee (inclusive of GST)


SGD pricing -

For Members: $ 221.27
For Non-Members: $ 263.78


Programme Facilitator(s)

Magdalene Ang

Venue

60 Cecil Street
ISCA House
Singapore 049709


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