Course Detail(ADT052 : Audit of Related Parties and Related Party Transactions)

ADT052 : Audit of Related Parties and Related Party Transactions

3.50 CPE Hours (Category 3)
Classroom

Programme Objective

To provide audit professionals with guidance on identifying and evaluating related parties and related party transactions, and an understanding of how these can provide opportunities for fraudulent financial reporting. This course will also cover the financial statement disclosure requirements for related parties and related party transactions.

Programme Outline

  • Definitions of related parties and related party transactions.
  • Identifying related parties and related party transactions – responsibilities of auditors and management.
  • Indicators of related party transactions.
  • Disclosure requirements for related parties and related party transactions.
  • Understanding the audit client and its environment to enable identification of events, transactions and practices that may result in a risk of material misstatement through related parties and related party transactions.
  • Fraud risk factors that may arise from/through related party transactions.
  • Key audit procedures relating to related party transactions including obtaining written representations from management and those charged with governance, and communication with those charged with governance.


Training Methodology

Lecture style, with Exercises/Case Studies


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme intended for both Practising and Non-Practising Accountants and Auditors. Those who like to gain more understanding in the examination of related parties and related party transactions are welcome to attend.

Competency Mapping

Category 3 = 3.50 Hours

Schedule & Fees

Date & Time

09 Oct 2019 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Khor Boon Hong

Date & Time

12 Oct 2018 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Khor Boon Hong

Date & Time

11 Oct 2017 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Khor Boon Hong

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Khor Boon Hong
CA (Singapore), FCA (ANZ), FCA

Assurance Partner, Baker Tilly TFW LLP
 
Khor Boon Hong has over 20 years’ experience in external financial audit, spanning Singapore, China and Malaysia. During this time he has conducted financial statement audits/reviews and internal control reviews, advised clients on implementation and adoption of new and revised Financial Reporting Standards, and acted as reporting accountant for public offerings and fundraising.

Boon Hong works with a diverse range of clients, including listed, family-owned and foreign-owned businesses, as well as not-for-profit organisations in Singapore and the Asia Pacific region.

He is a past member of the Institute of Singapore Chartered Accountants Auditing and Assurance Standards Committee.

Programme Objective

To provide audit professionals with guidance on identifying and evaluating related parties and related party transactions, and an understanding of how these can provide opportunities for fraudulent financial reporting. This course will also cover the financial statement disclosure requirements for related parties and related party transactions.

Programme Outline

  • Definitions of related parties and related party transactions.
  • Identifying related parties and related party transactions – responsibilities of auditors and management.
  • Indicators of related party transactions.
  • Disclosure requirements for related parties and related party transactions.
  • Understanding the audit client and its environment to enable identification of events, transactions and practices that may result in a risk of material misstatement through related parties and related party transactions.
  • Fraud risk factors that may arise from/through related party transactions.
  • Key audit procedures relating to related party transactions including obtaining written representations from management and those charged with governance, and communication with those charged with governance.


Training Methodology

Lecture style, with Exercises/Case Studies


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme intended for both Practising and Non-Practising Accountants and Auditors. Those who like to gain more understanding in the examination of related parties and related party transactions are welcome to attend.

Competency Mapping

Category 3 = 3.50 Hours

Programme Facilitator(s)

Khor Boon Hong
CA (Singapore), FCA (ANZ), FCA

Assurance Partner, Baker Tilly TFW LLP
 
Khor Boon Hong has over 20 years’ experience in external financial audit, spanning Singapore, China and Malaysia. During this time he has conducted financial statement audits/reviews and internal control reviews, advised clients on implementation and adoption of new and revised Financial Reporting Standards, and acted as reporting accountant for public offerings and fundraising.

Boon Hong works with a diverse range of clients, including listed, family-owned and foreign-owned businesses, as well as not-for-profit organisations in Singapore and the Asia Pacific region.

He is a past member of the Institute of Singapore Chartered Accountants Auditing and Assurance Standards Committee.


Upcoming Schedule

Registration is closed

Date & Time

09 Oct 2019 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Khor Boon Hong

Venue

60 Cecil Street
ISCA House
Singapore 049709