Course Detail(ADT151 : Audit of Group Financial Statements - Reviewing the work of component auditors)

ADT151 : Audit of Group Financial Statements - Reviewing the work of component auditors

3.50 CPE Hours (Category 3)
Classroom


Programme Objective
To equip participants with a competent understanding of the preparation, execution and documentation in performing a review of the work of component auditors. This is to ensure that sufficient appropriate audit evidence is obtained to support the audit opinion on the group financial statements.
 
(Note: This course does not cover the detailed requirements of SSA 600, which is separately covered in ADT034: Group Audits)

Programme Outline

  • Appraise the group engagement team’s involvement in the work of component auditors, considering the significance, competence and complexity.
  • Describe the involvement of the group engagement team in the risk assessment process performed by the component auditors on the financial information of the components.
  • Understand the preparation required before performing a review of the work of component auditors.
  • Explain the work involved in the review of the component auditor’s memorandum or other documentation of identified significant risks of material misstatement of the group financial statements.
  • Assess the component auditor’s work and the additional procedures required to be performed.
  • Understand the documentation and retention of audit evidence required to support the group audit opinion.
  • Discuss the common practical issues/problems that group engagement team encounters in performing a review of the work of component auditors.

Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate to Advanced level programme intended for audit seniors to audit partners. Those who like to gain more understanding of the work involved in reviewing the work of component auditors are welcome to attend.

Competency Mapping

Category 3 = 3.50 Hours

Schedule & Fees

Date & Time

26 Nov 2019 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Goh Kia Hong

Date & Time

26 Sep 2019 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Goh Kia Hong

Date & Time

18 Apr 2019 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Goh Kia Hong

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Kia Hong is a senior lecturer at Nanyang Business School (NBS) of Nanyang Technological University (NTU).  He is actively involved in curriculum and pedagogical development in the risk management and assurance courses that he teaches in the bachelor and master degree programmes.  His teaching accolades include the 2015 NBS Accountancy Teacher of the Year and 2015 NBS Teaching Excellence Award for Accounting Division.  He holds a Master of Science (Marketing) from NTU where he was awarded the Dean's Honours List. 

Before joining NTU, Kia Hong was an audit partner of a public accounting firm and had worked as chief executives of companies in Singapore and South Korea. His roles included formulating strategies to meet business objectives, enterprise risk management and leading the teams to ensure seamless operations of the businesses. During the same period, he taught in various public and private institutions in accounting, marketing and entrepreneurship on adjunct arrangements and proactively led the design and development of courses he taught.

Having accumulated a wealth of industry experience prior to joining the academia, he brings real-world insights into his classes, which participants are very appreciative of.
 

Kia Hong is an avid researcher who has published in professional journals and contributed articles to local print media. Kia Hong’s services extend beyond NTU. Notably, he is a regular speaker in the Accounting and Corporate Regulatory Authority (ACRA), the Institute of Singapore Chartered Accountants (ISCA) and Association of Chartered Certified Accountants (ACCA) major conferences and a trainer with ISCA’s continuing professional education. He also provides regular training, consultancy and research work to accounting firms and corporate organisations.  He is a member of ISCA’s judging panel for the prestigious Annual Report Award (ARA) under the Singapore Corporate Awards (SCA) and ISCA’s Investigation and disciplinary panel. He was previously a member of ISCA’s Auditing and Assurance Standards Committee and had worked with ISCA on ACRA’s Practice Monitoring Programme.

Kia Hong is currently the Chairman of Bukit Merah Secondary School Advisory Committee and was awarded the Service to Education Awards by the Ministry of Education in 2006 and 2011.  He is a member of the Inquiry Panel, the body responsible for appointing members of the Review Committees and Inquiry Committees investigating complaints made against advocates and solicitors. He is also a member of Mensa Singapore.
 


Programme Objective
To equip participants with a competent understanding of the preparation, execution and documentation in performing a review of the work of component auditors. This is to ensure that sufficient appropriate audit evidence is obtained to support the audit opinion on the group financial statements.
 
(Note: This course does not cover the detailed requirements of SSA 600, which is separately covered in ADT034: Group Audits)

Programme Outline

  • Appraise the group engagement team’s involvement in the work of component auditors, considering the significance, competence and complexity.
  • Describe the involvement of the group engagement team in the risk assessment process performed by the component auditors on the financial information of the components.
  • Understand the preparation required before performing a review of the work of component auditors.
  • Explain the work involved in the review of the component auditor’s memorandum or other documentation of identified significant risks of material misstatement of the group financial statements.
  • Assess the component auditor’s work and the additional procedures required to be performed.
  • Understand the documentation and retention of audit evidence required to support the group audit opinion.
  • Discuss the common practical issues/problems that group engagement team encounters in performing a review of the work of component auditors.

Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Intermediate to Advanced level programme intended for audit seniors to audit partners. Those who like to gain more understanding of the work involved in reviewing the work of component auditors are welcome to attend.

Competency Mapping

Category 3 = 3.50 Hours

Programme Facilitator(s)

Kia Hong is a senior lecturer at Nanyang Business School (NBS) of Nanyang Technological University (NTU).  He is actively involved in curriculum and pedagogical development in the risk management and assurance courses that he teaches in the bachelor and master degree programmes.  His teaching accolades include the 2015 NBS Accountancy Teacher of the Year and 2015 NBS Teaching Excellence Award for Accounting Division.  He holds a Master of Science (Marketing) from NTU where he was awarded the Dean's Honours List. 

Before joining NTU, Kia Hong was an audit partner of a public accounting firm and had worked as chief executives of companies in Singapore and South Korea. His roles included formulating strategies to meet business objectives, enterprise risk management and leading the teams to ensure seamless operations of the businesses. During the same period, he taught in various public and private institutions in accounting, marketing and entrepreneurship on adjunct arrangements and proactively led the design and development of courses he taught.

Having accumulated a wealth of industry experience prior to joining the academia, he brings real-world insights into his classes, which participants are very appreciative of.
 

Kia Hong is an avid researcher who has published in professional journals and contributed articles to local print media. Kia Hong’s services extend beyond NTU. Notably, he is a regular speaker in the Accounting and Corporate Regulatory Authority (ACRA), the Institute of Singapore Chartered Accountants (ISCA) and Association of Chartered Certified Accountants (ACCA) major conferences and a trainer with ISCA’s continuing professional education. He also provides regular training, consultancy and research work to accounting firms and corporate organisations.  He is a member of ISCA’s judging panel for the prestigious Annual Report Award (ARA) under the Singapore Corporate Awards (SCA) and ISCA’s Investigation and disciplinary panel. He was previously a member of ISCA’s Auditing and Assurance Standards Committee and had worked with ISCA on ACRA’s Practice Monitoring Programme.

Kia Hong is currently the Chairman of Bukit Merah Secondary School Advisory Committee and was awarded the Service to Education Awards by the Ministry of Education in 2006 and 2011.  He is a member of the Inquiry Panel, the body responsible for appointing members of the Review Committees and Inquiry Committees investigating complaints made against advocates and solicitors. He is also a member of Mensa Singapore.
 

Upcoming Schedule

Registration is closed

Date & Time

26 Nov 2019 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Goh Kia Hong

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537