Course Detail(ADT128 : Overview of Essential Singapore Standards on Auditing)

UTAP Funding

ADT128 : Overview of Essential Singapore Standards on Auditing

14.00 CPE Hours (Category 3)
Classroom

Programme Objective

The objective of this two-day course is to discuss all the Singapore Standards on Auditing (SSAs) issued by ISCA. The major provisions of each SSA will be highlighted and illustrated.
 

Programme Outline

Singapore Standards on Quality Control
SSQC1Quality control for firms that perform audits and reviews of financial statements and other assurance and related service engagements
200-299 - Audit of historical financial information 
SSA 200Overall objectives of the independent auditor and the conduct of an audit in accordance with Singapore Standards on Auditing
SSA 210Agreeing the terms of audit engagements
SSA 220Quality control for an audit of financial statements
SSA 230Audit documentation
SSA 240The auditor’s responsibilities relating to fraud in an audit of financial statements
SSA 250Consideration of laws and regulations in an audit of financial statements
SSA 260Communication with those charged with governance
SSA 265Communicating deficiencies in internal control to those charged with governance and management
300-499 : Risk assessment and response to assessed risks
SSA 300Planning an audit of financial statements
SSA 315Identifying and assessing the risk of material misstatement through understanding the entity and its environment
SSA 320Materiality in planning and performing audit
SSA 330The auditor’s responses to assessed risks
SSA 402Audit considerations relating to an entity using a service organization
SSA 450Evaluation of misstatements identified during the audit
500-599 : Audit evidence
SSA 500Audit evidence
SSA 501Audit evidence – specific considerations for selected items
SSA 505External confirmations
SSA 510Initial audit engagements – opening balances
SSA 520Analytical procedures
SSA 530Audit sampling
SSA 540Auditing accounting estimates, including fair value accounting estimates, and related disclosures
SSA 550Related parties
SSA 560Subsequent events
SSA 570Going concern
SSA 580Written representations
600-699: Using the work of others
SSA 600Special considerations – audits of group financial statements (including the work of components auditors)
SSA 610Using the work of internal auditors
SSA620Using the work of an auditor’s expert
700-799 : Audit conclusions and reporting
SSA 700Forming an opinion and reporting on financial statements
SSA 701Communicating key audit matters in the independent auditor’s report
SSA 705Modifications to the opinion in the independent auditor’s report
SSA 706Emphasis of matter paragraphs and other matter paragraphs in the independent auditor’s report
SSA 710Comparative information – Corresponding figures and comparative financial statements
SSA 720The auditor’s responsibilities relating to other information in documents containing audited financial statements

 
Training Methodology
Lecture style with case studies, and references to PMP review points issued by local and also international regulators
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate Level programme intended for Practicing and Non-Practicing Accountants and Auditors especially those whose work involves audit of historical financial statements.

Competency Mapping

Category 3 = 14.00 Hours

Schedule & Fees

Date & Time

14 May 2020 (9:00 AM - 5:00 PM)
15 May 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Dr Chinnu Palanivelu

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

12 Dec 2019 (9:00 AM - 5:00 PM)
13 Dec 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Dr Chinnu Palanivelu

Date & Time

15 Aug 2019 (9:00 AM - 5:00 PM)
16 Aug 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Dr Chinnu Palanivelu

Date & Time

06 Dec 2018 (9:00 AM - 5:00 PM)
07 Dec 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Dr Chinnu Palanivelu

Testimonial

Funding

1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. NTUC member gets to enjoy UTAP funding 50% of the unfunded course fee capped at $250 every year. This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2019 – 31 March 2020.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.

To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
 
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)


User-added image

Dr Chinnu Palanivelu

D.Litt. (Finance and Taxation), CA Singapore, FCCA, CPA (Australia), MBA (Finance), FAIA, CMA, B. Acc. (Hons), GRCP, GRCA, Dip IFRS, Cert IAS, ATP (Income Tax), Dip Tax
 
Dr. Chinnu is currently an Audit Partner with Stamford Assurance PAC. He worked with an international audit firm for a decade and Small and Medium-size practices for few years.
 
He has more than 20 years of experience in public practice, industry, government, non-profit sector, academia, technical and training. He has served for a wide range of clients including SGX-listed companies, several US SEC registrants, subsidiaries of large multi-national corporations, societies, charities, co-operatives, statutory boards, government linked companies, private equity funds, small and medium enterprises and owner-managed business. He also carried out pre-IPO audit, fraud investigation work and internal audit, etc. 
 
He is a regular trainer in ISCA CPE in several core auditing and financial reporting courses. He is also Adjunct Lecturer for Singapore CA programme, ICAEW professional course and James Cook University’s degree and master degree courses. Chinnu also conduct in-house training and technical consulting assignments for several Small-Medium Practices. He has passion for training and development and he has conducted numerous presentations which include seminars organised by the ISCA, ACCA, James Cook University, Kaplan, London School of Business and Finance, CPA Australia, ITE, National Council of Social Service, and Republic Polytechnic, just to name a few.
 
He is practicing member of ISCA, ACCA and Member of CPA Australia, Association of International Accountants, SID, Institute of Internal Auditors, ICMA (Australia), Association of Certified Fraud Examiners, SIATP, Institute for Adult Learning Singapore and International Association for Accounting Education and Research
 
He is currently serving and has served in many public and civic institutions in various capacities, including: Ministry of Education, Ministry of Social and Family Development, Singapore Youth Corps (MCCY), London School of Business and Finance, ACCA, People’s Association, Association for Person with Special Needs, Student Care Services, ITE and Association of Certified Fraud Examiners. He also chaired audit committee of Association for Person with Special Needs, Student and Public Practice committees of ACCA Singapore and also served finance, investment and tender committees, Honorary Treasurer and Auditor of various charities and societies.
 
Chinnu was conferred honorary Doctorate Degree (D. Litt.) in Finance and Taxation for his outstanding contribution to accounting and charity sectors in Singapore and India. Chinnu also received the President award for Lifelong Learner award, Appreciation Award from People’s Association for community services, Appreciation Award from ACCA for contribution to student development and an Excellent Volunteers Service Awards from National Council of Social Service and Ministry of Social and Family Development for contribution to family policies development and initiatives.

Chinnu is currently perusing Doctorate Degree in Financial reporting and Audit Quality from the University of Northampton (UK) and Chartered Secretary programme.

 

Programme Objective

The objective of this two-day course is to discuss all the Singapore Standards on Auditing (SSAs) issued by ISCA. The major provisions of each SSA will be highlighted and illustrated.
 

Programme Outline

Singapore Standards on Quality Control
SSQC1Quality control for firms that perform audits and reviews of financial statements and other assurance and related service engagements
200-299 - Audit of historical financial information 
SSA 200Overall objectives of the independent auditor and the conduct of an audit in accordance with Singapore Standards on Auditing
SSA 210Agreeing the terms of audit engagements
SSA 220Quality control for an audit of financial statements
SSA 230Audit documentation
SSA 240The auditor’s responsibilities relating to fraud in an audit of financial statements
SSA 250Consideration of laws and regulations in an audit of financial statements
SSA 260Communication with those charged with governance
SSA 265Communicating deficiencies in internal control to those charged with governance and management
300-499 : Risk assessment and response to assessed risks
SSA 300Planning an audit of financial statements
SSA 315Identifying and assessing the risk of material misstatement through understanding the entity and its environment
SSA 320Materiality in planning and performing audit
SSA 330The auditor’s responses to assessed risks
SSA 402Audit considerations relating to an entity using a service organization
SSA 450Evaluation of misstatements identified during the audit
500-599 : Audit evidence
SSA 500Audit evidence
SSA 501Audit evidence – specific considerations for selected items
SSA 505External confirmations
SSA 510Initial audit engagements – opening balances
SSA 520Analytical procedures
SSA 530Audit sampling
SSA 540Auditing accounting estimates, including fair value accounting estimates, and related disclosures
SSA 550Related parties
SSA 560Subsequent events
SSA 570Going concern
SSA 580Written representations
600-699: Using the work of others
SSA 600Special considerations – audits of group financial statements (including the work of components auditors)
SSA 610Using the work of internal auditors
SSA620Using the work of an auditor’s expert
700-799 : Audit conclusions and reporting
SSA 700Forming an opinion and reporting on financial statements
SSA 701Communicating key audit matters in the independent auditor’s report
SSA 705Modifications to the opinion in the independent auditor’s report
SSA 706Emphasis of matter paragraphs and other matter paragraphs in the independent auditor’s report
SSA 710Comparative information – Corresponding figures and comparative financial statements
SSA 720The auditor’s responsibilities relating to other information in documents containing audited financial statements

 
Training Methodology
Lecture style with case studies, and references to PMP review points issued by local and also international regulators
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate Level programme intended for Practicing and Non-Practicing Accountants and Auditors especially those whose work involves audit of historical financial statements.

Competency Mapping

Category 3 = 14.00 Hours

Programme Facilitator(s)

User-added image

Dr Chinnu Palanivelu

D.Litt. (Finance and Taxation), CA Singapore, FCCA, CPA (Australia), MBA (Finance), FAIA, CMA, B. Acc. (Hons), GRCP, GRCA, Dip IFRS, Cert IAS, ATP (Income Tax), Dip Tax
 
Dr. Chinnu is currently an Audit Partner with Stamford Assurance PAC. He worked with an international audit firm for a decade and Small and Medium-size practices for few years.
 
He has more than 20 years of experience in public practice, industry, government, non-profit sector, academia, technical and training. He has served for a wide range of clients including SGX-listed companies, several US SEC registrants, subsidiaries of large multi-national corporations, societies, charities, co-operatives, statutory boards, government linked companies, private equity funds, small and medium enterprises and owner-managed business. He also carried out pre-IPO audit, fraud investigation work and internal audit, etc. 
 
He is a regular trainer in ISCA CPE in several core auditing and financial reporting courses. He is also Adjunct Lecturer for Singapore CA programme, ICAEW professional course and James Cook University’s degree and master degree courses. Chinnu also conduct in-house training and technical consulting assignments for several Small-Medium Practices. He has passion for training and development and he has conducted numerous presentations which include seminars organised by the ISCA, ACCA, James Cook University, Kaplan, London School of Business and Finance, CPA Australia, ITE, National Council of Social Service, and Republic Polytechnic, just to name a few.
 
He is practicing member of ISCA, ACCA and Member of CPA Australia, Association of International Accountants, SID, Institute of Internal Auditors, ICMA (Australia), Association of Certified Fraud Examiners, SIATP, Institute for Adult Learning Singapore and International Association for Accounting Education and Research
 
He is currently serving and has served in many public and civic institutions in various capacities, including: Ministry of Education, Ministry of Social and Family Development, Singapore Youth Corps (MCCY), London School of Business and Finance, ACCA, People’s Association, Association for Person with Special Needs, Student Care Services, ITE and Association of Certified Fraud Examiners. He also chaired audit committee of Association for Person with Special Needs, Student and Public Practice committees of ACCA Singapore and also served finance, investment and tender committees, Honorary Treasurer and Auditor of various charities and societies.
 
Chinnu was conferred honorary Doctorate Degree (D. Litt.) in Finance and Taxation for his outstanding contribution to accounting and charity sectors in Singapore and India. Chinnu also received the President award for Lifelong Learner award, Appreciation Award from People’s Association for community services, Appreciation Award from ACCA for contribution to student development and an Excellent Volunteers Service Awards from National Council of Social Service and Ministry of Social and Family Development for contribution to family policies development and initiatives.

Chinnu is currently perusing Doctorate Degree in Financial reporting and Audit Quality from the University of Northampton (UK) and Chartered Secretary programme.

 

Upcoming Schedule

Date & Time

14 May 2020 (9:00 AM - 5:00 PM)
15 May 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Dr Chinnu Palanivelu

Venue

60 Cecil Street
ISCA House
Singapore 049709