In recent years, the financial reporting framework has shifted from the traditional historical
cost accounting to the concept of fair value accounting. These changes are evident in the
issuance of new and revised accounting standards including FRS 109 Financial Instruments,
FRS 113 Fair Value Measurement and others.

With the intent to enable audit professionals to be able to reasonably examine the fair
valuation assumptions and methods used in the financial statements, we will discuss and
address common pitfalls in reviewing the valuation which is carried out either by the client’s management or by third party valuers in such fair value measurements.

Upon completion of the webinar, participants will be able to understand the process of
the valuation review and the importance of the review for the audit conclusion. It would also help them to understand the recurring audit inspection finding relating to fair value
measurement which has been highlighted by the regulator. The ways to address the pitfalls
and challenges of the review will also be explored with the participants.

The webinar will mainly cover the following areas:

• The need for valuation review and its importance for audit conclusion
• The process of valuation review and the required expertise
• The common pitfalls and challenges in performing the valuation review
• The possible ways to address the relevant pitfalls and challenges
• The recurring audit inspection findings relating to fair value measurement

Programme Outline

Start Time End Time Remarks 9.45am 10.00am Please log in at least 15 minutes before the session 10.00am 11.15am Title: Common Pitfalls in Valuation Review for Audits Speaker: Jason Pang and Snehal Pawar Presentation and panel discussion 11.15am 11.30pm Q&A 11.30pm End of session

 

Supporting Partner

Training Methodology

Lecture style

Closing Date for Registration

2 days before programme or until full enrolment.

Contact Details
For registration enquiries, please contact CPE Dept:
Tel: +65 6749 8060 or email cpe@isca.org.sg

For all other enquiries, please contact connect@smpcentre.org.sg
 

Intended For

Audit professionals in public accounting firms

Programme Facilitator(s)