Course Detail(ADT166 : Key Findings from ACRA’s Recent PMP Reports: Addressing the Deficiencies and Meeting Audit Objectives)

ADT166 : Key Findings from ACRA’s Recent PMP Reports: Addressing the Deficiencies and Meeting Audit Objectives NEW

14.00 CPE Hours (Category 3)
Classroom


Programme Objective
 
The workshop will be discussion-based, covering the key finding reported in ACRA practice monitoring programme (PMP) public reports.  There will be practical illustrations on appropriate audit procedures and essential documentation to improve audit quality.
 

Programme Outline

 

  • Audit risk assessment – Identifying and responding to risks of material misstatements
  • Audit of inventories – Valuation tests
  • Audit of accounts receivables – Collectability test
  • Audit of accounting estimates – Provisions and Impairment testing
  • Audit of revenue - Complex recognition issues, including construction contracts
  • Audit of groups - Significant components, component materiality and relying on the work of component auditors
  • Other areas
 
Training Methodology

Lecture style with interactive discussions.
 
Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

An Intermediate to Advanced level programme intended for both public accountants and auditors. This workshop will also be extremely useful to help participants meet their audit objectives by addressing the deficiencies noted in recent ACRA PMP public reports.

Competency Mapping

Category 3 = 14.00 Hours

Schedule & Fees

Date & Time

18 Nov 2019 (9:00 AM - 5:00 PM)
19 Nov 2019 (9:00 AM - 5:00 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
 
The workshop will be discussion-based, covering the key finding reported in ACRA practice monitoring programme (PMP) public reports.  There will be practical illustrations on appropriate audit procedures and essential documentation to improve audit quality.
 

Programme Outline

 

  • Audit risk assessment – Identifying and responding to risks of material misstatements
  • Audit of inventories – Valuation tests
  • Audit of accounts receivables – Collectability test
  • Audit of accounting estimates – Provisions and Impairment testing
  • Audit of revenue - Complex recognition issues, including construction contracts
  • Audit of groups - Significant components, component materiality and relying on the work of component auditors
  • Other areas
 
Training Methodology

Lecture style with interactive discussions.
 
Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

An Intermediate to Advanced level programme intended for both public accountants and auditors. This workshop will also be extremely useful to help participants meet their audit objectives by addressing the deficiencies noted in recent ACRA PMP public reports.

Competency Mapping

Category 3 = 14.00 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

18 Nov 2019 (9:00 AM - 5:00 PM)
19 Nov 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 652.70
For Non-Members: $ 783.24

Programme Facilitator(s)

Goh Kia Hong

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537