Course Detail(PAIB2020 : ISCA Virtual PAIB Conference 2020: GEARING UP TO REBOOT IN A NEW WORLD)

PAIB2020 : ISCA Virtual PAIB Conference 2020: GEARING UP TO REBOOT IN A NEW WORLD NEW

5.00 CPE Hours (Category 1, Category 2, Others)
Classroom

 

Corporate account holders can register for 3 and more non-members to enjoy a 10% group discount

 

Programme Objective
 
ISCA is back with the Institute’s flagship event, the annual PAIB Conference, a dedicated conference for finance professionals, both from the public and private sector.

With 2020 being an unprecedented year for Singapore (and the rest of the world), this year’s virtual conference aims to reposition accountants to rebound from COVID-19 whilst reiterating the changing role the sector will play as we gear up to reboot in the new world. In a condensed half day live stream, it is an action-packed conference covering hot topics including technical reporting standards, ethics, governance, and enterprise risk management.

For the first time this year, we will be running the conference virtually where you could access the refreshed and exciting content anywhere on any device. Join us in the first ever Virtual PAIB Conference to be part of the largest chartered accountants community in Singapore. Engage in live discussions with esteemed speakers, panellists and fellow delegates through the virtual platform on the latest issues and topics that are pertinent to enable you to navigate the new normal.
 
Fees
Categories
Fees (inclusive of GST)
Early Bird
Member: $133.75
Non-Member: $192.60
Regular
Member: $171.20
Non-Member: $214
*Corporate account holders can register for 3 and more non-members to enjoy a 10% group discount

Programme Outline

 
Time
Topic
8.30am
Welcome Address by ISCA
 
Mr Kon Yin Tong, President, Institute of Singapore Chartered Accountants
8.40am
 
Keynote Address by Guest-of-Honour

Ms Indranee Rajah, Minister, Prime Minister's Office, Second Minister for Finance & National Development
8.50am
Navigating a New World: Post COVID-19 Recovery

According to the International Monetary Fund (IMF), for the first time since the Great Depression, advanced economies, emerging markets and developing economies are in recession. In the April World Economic Outlook, IMF projected global growth in 2020 to fall to -3 percent. Besides impact to the economy, the coronavirus disease (COVID-19) has had also profound effects on many aspects of our lives and livelihoods. When the dust finally settles on COVID-19, the pandemic will leave behind an indelible mark in the history of mankind, changing the way we live and work. 

The implications on businesses from COVID-19 are aplenty. For example, the crisis has brutally exposed the fragility of supply chains. Businesses are being challenged to think of how to build resilience in their supply chains going forward. Perhaps a silver lining amid all the gloom is that COVID-19 has forced many businesses to embrace technology and seriously consider how digital transformation fit into their business strategy. For many businesses, managing their cost structure, cash flow and conserving cash to maintain liquidity will be key in ensuring their survival. 

While businesses tackle the immediate challenges, those with an eye on the future as well, will be the ones who stay ahead of the competition. To succeed in this “brave new world”, how should businesses take what they have learned during the COVID-19 crisis to emerge from the crisis stronger and better position themselves for the changing business environment? 

In addition, this presentation will also consider the implications on accountancy and finance professionals, as they play a key role in supporting their employers to navigate the post COVID-19 recovery.

Mr Stuart Chaplin 
Deputy Chair, International Federation of Accountants (IFAC) Professional Accountants in Business
Advisory Group
9.20am
Redefining the Finance Function with Job Redesign 

In the next five years, the World Economic Forum expects more than half of all workplace tasks to be performed by machines. According to a research by McKinsey, finance functions can expect about 60% of its activities to be fully or mostly automated with current technologies. All these are before the effects of COVID-19 which has already altered the workplace with remote communications. The pandemic could possibly accelerate the pace of technology disruption in job roles.

To illustrate how job roles in finance functions can be redesigned to meet the challenges of technology disruption and how accountants can prepare for what is likely to come, the Institute of Singapore Chartered Accountants, Lee Kuan Yew Centre for Innovative Cities at the Singapore University of Technology and Design and Ernst & Young Advisory collaborated in a study to investigate how job roles in finance functions in Singapore can evolve to optimise collaboration between humans and machines and what new skill sets accountants may need going forward. 

The thought leadership study presents a practical reference point for finance leaders considering to carry out job redesign in their finance functions, as well as for accountants looking to prepare themselves for the changes. This presentation shares the key findings from the study.
 
Co-Presenters:
  1.  Mr Poon King Wang, Director, Lee Kuan Yew Centre for Innovative Cities at the Singapore University of Technology and Design
  2. Mr Samir Bedi, Partner, ASEAN Workforce Advisory Leader, Ernst & Young Advisory, Singapore
10.00am
Panel Discussion: 
Job Redesign - The New Work Order


As we navigate the era of digital economy and the new normal brought about by COVID-19, technology plays a major role in many facets of businesses. Not only do we see innovative business models emerging as a result of technology disruption, the workforce can also have their daily job roles augmented with technology. Soon, it may not be “business as usual” anymore for the workforce. Job redesign will facilitate the transformation of job roles – machines will take over routine and mundane tasks; the human workforce will be elevated to perform higher value tasks. 

Is job redesign the new way forward? What are the practical challenges associated with job redesign and how can they be overcome? How can management lead by example to allay any concerns of their employees? Our panel of seasoned experts will share their insights on this emerging area which can affect any of us. They will also delve deeper into the findings of the presentation segment - Redefining the Finance Function with Job Redesign.

Moderator: Mr Poon King Wang, Director, Lee Kuan Yew Centre for Innovative Cities, Singapore University of Technology and Design (SUTD)
 
Panelists:
  1. Mr Max Loh, Managing Partner, Ernst & Young, Singapore & Brunei
  2. Ms Judy Ng, Managing Director (Finance), DBS
  3. Mr Shia Yew Peck, Chief Financial Officer, YCH Group Pte Ltd 
10.50am
Screen Break
11.00am
Complying with a New Code of Ethics

The current pandemic environment has resulted in many uncertainties and changes to businesses. Professional accountants must however remain focused on their ethical responsibilities. In this segment, participants will understand what complying with the new Code of Ethics entails for a PAIB.

A new Code of Ethics with a proposed effective date of 1 March 2021 is completely rewritten under a new structure and incorporates several substantive revisions that raises the bar for the accounting profession. Key additions include an enhanced conceptual framework, and provisions relating to inducements, including gifts and hospitality, pressure to breach the fundamental principles and preparing and presenting information.

Mr Tan would also highlight the ethical considerations that a PAIB should bear in mind in the COVID-19 environment, as well as the applicable requirements under the new Non-compliance with Laws and Regulation (NOCLAR) Pronouncement which was effective 1 April 2020.

Mr Tan Seng Choon, Chairman, ISCA Ethics Committee
11.30am
Infrastructure Finance – Focus on Renewable Energy Financing in Asia

During this challenging COVID-19 period, infrastructure financing is still ongoing and remains strong. In this session, the speaker will share how renewable energy infrastructure financing is relevant now and in the future. 

With Asia’s rapid development, accountants are well placed to capture opportunities in the infrastructure space particularly renewable energy sector. The speaker will illustrate how infrastructure and project financing works in real-life. This seeks to highlight the role that Singapore based institutions can play across Asia now and going forward.

Mr Kelvin Wong, Managing Director, DBS Bank Ltd
12.00pm
Enhanced oversight in times of uncertainty for Risk Management

Besides the impact to financial conditions and reporting requirements, the recent pandemic has caused escalating levels of disruptions to business continuity. With constant changes in business operations and processes, how should businesses go about to exert the same levels of governance and enterprise risk management?

As business operations head into unchartered spaces, how can companies deal with new emerging risks that may have seemed improbably or farfetched in the past but are now looming at our doorsteps?

What should the board and management look out for and how should you react?

Ms Cheryl Lim, Executive Director (Risk Advisory), Deloitte Singapore
12.30pm
COVID-19 challenges and implications for financial reporting – Accounting for Government relief measures, impairment assessment

The COVID-19 pandemic has sent shockwaves through the Singapore economy and businesses have been badly impacted. The Singapore Government has also shelled out a massive Budget earlier this year, which contained many relief measures to aid businesses to survive and to get back on track. Two key relief measures are the Property Tax Rebate and the Jobs Support Scheme.

ISCA, through its Financial Reporting Committee, has had various deliberations to consider the accounting challenges arising from the above, and has also issued various guidance. In this segment, Mr Klemmer will share key insights relevant to preparers of financial statements.

Mr Reinhard Klemmer, Chairman, ISCA Financial Reporting Committee
1.00pm
COVID-19 Technical FAQs – Sharing by ISCA COVID-19 Working Group

COVID-19 raises a wide array of challenges for the accountancy profession, from the disruptions to operating processes and internal controls, and increased risk of financial reporting fraud to making complex judgments over the impact of this pandemic on going concern assessments.

The ISCA Auditing and Assurance Standards Committee (AASC) and Financial Reporting Committee (FRC), in collaboration with ACRA, have formed a joint COVID-19 working group to help address the challenges faced by the profession. The Working Group has published guidance in the form of FAQs to share its deliberations on some of these issues.

Mr Koopmans will share some common aspects of internal controls which might be affected in the COVID-19 environment and financial reporting considerations over the impact of this pandemic on a business’ liquidity and ability to continue as a going concern.

Mr Hans Koopmans, Co-Chairman, ISCA COVID-19 Working Group; Chairman, ISCA Auditing and Assurance Standards Committee
1.30pm
End of Conference

*Programme is subject to changes without further notice


Training Methodology
Virtual Conference

Strategic Partners

             

 

    

 

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 industrysupport@isca.org.sg

Live Webinar Link
Instructions to log in to the Live Webinar will be sent to the participant's email address that was used during registration.

Closing Date for Registration 
1 day before programme or until full enrolment 

Intended For

Professional Accountants in Business (Private and Public Sector)

Competency Mapping

Category 1 = 1.00 Hours
Category 2 = 0.50 Hours
Others = 3.50 Hours

Schedule & Fees

Date & Time

25 Aug 2020 (8:30 AM - 1:30 PM)

Limited Seats

Fee (inclusive of GST)

For Members: $ 171.20
For Non-Members: $ 214.00

Programme Facilitator(s)

TBC

Venue

Online Classroom in or outside of
Singapore

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


To be announced at a later date

 

Corporate account holders can register for 3 and more non-members to enjoy a 10% group discount

 

Programme Objective
 
ISCA is back with the Institute’s flagship event, the annual PAIB Conference, a dedicated conference for finance professionals, both from the public and private sector.

With 2020 being an unprecedented year for Singapore (and the rest of the world), this year’s virtual conference aims to reposition accountants to rebound from COVID-19 whilst reiterating the changing role the sector will play as we gear up to reboot in the new world. In a condensed half day live stream, it is an action-packed conference covering hot topics including technical reporting standards, ethics, governance, and enterprise risk management.

For the first time this year, we will be running the conference virtually where you could access the refreshed and exciting content anywhere on any device. Join us in the first ever Virtual PAIB Conference to be part of the largest chartered accountants community in Singapore. Engage in live discussions with esteemed speakers, panellists and fellow delegates through the virtual platform on the latest issues and topics that are pertinent to enable you to navigate the new normal.
 
Fees
Categories
Fees (inclusive of GST)
Early Bird
Member: $133.75
Non-Member: $192.60
Regular
Member: $171.20
Non-Member: $214
*Corporate account holders can register for 3 and more non-members to enjoy a 10% group discount

Programme Outline

 
Time
Topic
8.30am
Welcome Address by ISCA
 
Mr Kon Yin Tong, President, Institute of Singapore Chartered Accountants
8.40am
 
Keynote Address by Guest-of-Honour

Ms Indranee Rajah, Minister, Prime Minister's Office, Second Minister for Finance & National Development
8.50am
Navigating a New World: Post COVID-19 Recovery

According to the International Monetary Fund (IMF), for the first time since the Great Depression, advanced economies, emerging markets and developing economies are in recession. In the April World Economic Outlook, IMF projected global growth in 2020 to fall to -3 percent. Besides impact to the economy, the coronavirus disease (COVID-19) has had also profound effects on many aspects of our lives and livelihoods. When the dust finally settles on COVID-19, the pandemic will leave behind an indelible mark in the history of mankind, changing the way we live and work. 

The implications on businesses from COVID-19 are aplenty. For example, the crisis has brutally exposed the fragility of supply chains. Businesses are being challenged to think of how to build resilience in their supply chains going forward. Perhaps a silver lining amid all the gloom is that COVID-19 has forced many businesses to embrace technology and seriously consider how digital transformation fit into their business strategy. For many businesses, managing their cost structure, cash flow and conserving cash to maintain liquidity will be key in ensuring their survival. 

While businesses tackle the immediate challenges, those with an eye on the future as well, will be the ones who stay ahead of the competition. To succeed in this “brave new world”, how should businesses take what they have learned during the COVID-19 crisis to emerge from the crisis stronger and better position themselves for the changing business environment? 

In addition, this presentation will also consider the implications on accountancy and finance professionals, as they play a key role in supporting their employers to navigate the post COVID-19 recovery.

Mr Stuart Chaplin 
Deputy Chair, International Federation of Accountants (IFAC) Professional Accountants in Business
Advisory Group
9.20am
Redefining the Finance Function with Job Redesign 

In the next five years, the World Economic Forum expects more than half of all workplace tasks to be performed by machines. According to a research by McKinsey, finance functions can expect about 60% of its activities to be fully or mostly automated with current technologies. All these are before the effects of COVID-19 which has already altered the workplace with remote communications. The pandemic could possibly accelerate the pace of technology disruption in job roles.

To illustrate how job roles in finance functions can be redesigned to meet the challenges of technology disruption and how accountants can prepare for what is likely to come, the Institute of Singapore Chartered Accountants, Lee Kuan Yew Centre for Innovative Cities at the Singapore University of Technology and Design and Ernst & Young Advisory collaborated in a study to investigate how job roles in finance functions in Singapore can evolve to optimise collaboration between humans and machines and what new skill sets accountants may need going forward. 

The thought leadership study presents a practical reference point for finance leaders considering to carry out job redesign in their finance functions, as well as for accountants looking to prepare themselves for the changes. This presentation shares the key findings from the study.
 
Co-Presenters:
  1.  Mr Poon King Wang, Director, Lee Kuan Yew Centre for Innovative Cities at the Singapore University of Technology and Design
  2. Mr Samir Bedi, Partner, ASEAN Workforce Advisory Leader, Ernst & Young Advisory, Singapore
10.00am
Panel Discussion: 
Job Redesign - The New Work Order


As we navigate the era of digital economy and the new normal brought about by COVID-19, technology plays a major role in many facets of businesses. Not only do we see innovative business models emerging as a result of technology disruption, the workforce can also have their daily job roles augmented with technology. Soon, it may not be “business as usual” anymore for the workforce. Job redesign will facilitate the transformation of job roles – machines will take over routine and mundane tasks; the human workforce will be elevated to perform higher value tasks. 

Is job redesign the new way forward? What are the practical challenges associated with job redesign and how can they be overcome? How can management lead by example to allay any concerns of their employees? Our panel of seasoned experts will share their insights on this emerging area which can affect any of us. They will also delve deeper into the findings of the presentation segment - Redefining the Finance Function with Job Redesign.

Moderator: Mr Poon King Wang, Director, Lee Kuan Yew Centre for Innovative Cities, Singapore University of Technology and Design (SUTD)
 
Panelists:
  1. Mr Max Loh, Managing Partner, Ernst & Young, Singapore & Brunei
  2. Ms Judy Ng, Managing Director (Finance), DBS
  3. Mr Shia Yew Peck, Chief Financial Officer, YCH Group Pte Ltd 
10.50am
Screen Break
11.00am
Complying with a New Code of Ethics

The current pandemic environment has resulted in many uncertainties and changes to businesses. Professional accountants must however remain focused on their ethical responsibilities. In this segment, participants will understand what complying with the new Code of Ethics entails for a PAIB.

A new Code of Ethics with a proposed effective date of 1 March 2021 is completely rewritten under a new structure and incorporates several substantive revisions that raises the bar for the accounting profession. Key additions include an enhanced conceptual framework, and provisions relating to inducements, including gifts and hospitality, pressure to breach the fundamental principles and preparing and presenting information.

Mr Tan would also highlight the ethical considerations that a PAIB should bear in mind in the COVID-19 environment, as well as the applicable requirements under the new Non-compliance with Laws and Regulation (NOCLAR) Pronouncement which was effective 1 April 2020.

Mr Tan Seng Choon, Chairman, ISCA Ethics Committee
11.30am
Infrastructure Finance – Focus on Renewable Energy Financing in Asia

During this challenging COVID-19 period, infrastructure financing is still ongoing and remains strong. In this session, the speaker will share how renewable energy infrastructure financing is relevant now and in the future. 

With Asia’s rapid development, accountants are well placed to capture opportunities in the infrastructure space particularly renewable energy sector. The speaker will illustrate how infrastructure and project financing works in real-life. This seeks to highlight the role that Singapore based institutions can play across Asia now and going forward.

Mr Kelvin Wong, Managing Director, DBS Bank Ltd
12.00pm
Enhanced oversight in times of uncertainty for Risk Management

Besides the impact to financial conditions and reporting requirements, the recent pandemic has caused escalating levels of disruptions to business continuity. With constant changes in business operations and processes, how should businesses go about to exert the same levels of governance and enterprise risk management?

As business operations head into unchartered spaces, how can companies deal with new emerging risks that may have seemed improbably or farfetched in the past but are now looming at our doorsteps?

What should the board and management look out for and how should you react?

Ms Cheryl Lim, Executive Director (Risk Advisory), Deloitte Singapore
12.30pm
COVID-19 challenges and implications for financial reporting – Accounting for Government relief measures, impairment assessment

The COVID-19 pandemic has sent shockwaves through the Singapore economy and businesses have been badly impacted. The Singapore Government has also shelled out a massive Budget earlier this year, which contained many relief measures to aid businesses to survive and to get back on track. Two key relief measures are the Property Tax Rebate and the Jobs Support Scheme.

ISCA, through its Financial Reporting Committee, has had various deliberations to consider the accounting challenges arising from the above, and has also issued various guidance. In this segment, Mr Klemmer will share key insights relevant to preparers of financial statements.

Mr Reinhard Klemmer, Chairman, ISCA Financial Reporting Committee
1.00pm
COVID-19 Technical FAQs – Sharing by ISCA COVID-19 Working Group

COVID-19 raises a wide array of challenges for the accountancy profession, from the disruptions to operating processes and internal controls, and increased risk of financial reporting fraud to making complex judgments over the impact of this pandemic on going concern assessments.

The ISCA Auditing and Assurance Standards Committee (AASC) and Financial Reporting Committee (FRC), in collaboration with ACRA, have formed a joint COVID-19 working group to help address the challenges faced by the profession. The Working Group has published guidance in the form of FAQs to share its deliberations on some of these issues.

Mr Koopmans will share some common aspects of internal controls which might be affected in the COVID-19 environment and financial reporting considerations over the impact of this pandemic on a business’ liquidity and ability to continue as a going concern.

Mr Hans Koopmans, Co-Chairman, ISCA COVID-19 Working Group; Chairman, ISCA Auditing and Assurance Standards Committee
1.30pm
End of Conference

*Programme is subject to changes without further notice


Training Methodology
Virtual Conference

Strategic Partners

             

 

    

 

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 industrysupport@isca.org.sg

Live Webinar Link
Instructions to log in to the Live Webinar will be sent to the participant's email address that was used during registration.

Closing Date for Registration 
1 day before programme or until full enrolment 

Intended For

Professional Accountants in Business (Private and Public Sector)

Competency Mapping

Category 1 = 1.00 Hours
Category 2 = 0.50 Hours
Others = 3.50 Hours

Programme Facilitator(s)

To be announced at a later date

Upcoming Schedule

Limited Seats

Date & Time

25 Aug 2020 (8:30 AM - 1:30 PM)

Fee (inclusive of GST)

For Members: $ 171.20
For Non-Members: $ 214.00

Programme Facilitator(s)

TBC

Venue

Online Classroom in or outside of
Singapore