Course Detail(APWEB08 : Implementation of Quality Management Standards and Updates on Identifying and Assessing Risks of Material Misstatement)

APWEB08 : Implementation of Quality Management Standards and Updates on Identifying and Assessing Risks of Material Misstatement NEW

2.00 CPE Hours (Category 3)
Live Webinar

Please note that this is a recording of the Live Session held on 19 August 2022. 

Programme Outline

Quality Management

ISCA issued three interrelated standards that address quality management in October 2021, namely:

  • Singapore Standard on Quality Management (SSQM) 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements (previously SSQC 1)
  • SSQM 2, Engagement Quality Review
  • Singapore Standard on Auditing (SSA) 220 (Revised), Quality Management for an Audit of Financial Statements

 

The new standards are effective from 15 December 2022.

 
The requirements of SSQM 1 are extensive and represent a significant change from SSQC 1.  SSQM 1 requires the firm to apply a risk-based approach in designing, implementing and operating the components of the system of quality management such that the firm proactively manages the quality of engagements performed by the firm.


In this 2-hour webinar, our speaker(s) will provide you with insights on the implementation process, including help tips to address practical challenges.

Identifying and Assessing Risks of Material Misstatement

SSA 315 (Revised 2021) Identifying and Assessing Risks of Material Misstatement, which is effective for periods beginning on or after 15 December 2021, requires a more robust risk identification and assessment, thereby promoting better responses to identified risks.

The webinar will also be covering the significant changes to this standard.  


Please click here to view the entire Web-Bitez Series.

*Please access the platform at least 15 mins prior to the webinar. 

*The Institute reserves the right to amend the programme, month, and mode of delivery as deemed necessary without prior notice

NOTE:

  • The Web-Bitez Learning Series will be held on 2nd or 3rd Friday of every month, 3 to 5pm on from Mar to Dec 2022
  • The Web-Bitez Learning Series will be held as a Live Webinar.
  • A detailed set of instructions will be sent to you before the session.
  • The dates and content published on the website are indicative and subject to changes.
  • Playback of web-bitez series is available within 6 months from the webinar date.
  • Request for deferment, switch of courses or refund of package fees in full or partial is strictly not allowed, even in the event of no-show.

Your enrolment would constitute that you have read and accepted the Terms and Conditions.

Training Methodology

Recorded Webinar

Closing Date for Registration

1 week before commencement or until full enrolment. 

Intended For

Audit practitioners and professionals

Competency Mapping

Category 3 = 2.00 Hours

Schedule & Fees

Fee (inclusive of GST)

For Members: $ 64.20
For Non-Members: $ 80.25

Programme Facilitator(s)

Narissa Chen

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Narissa Chen
Partner and Deputy Head of Audits
Mazars LLP
 
Narissa is Mazars Singapore Partner in-charge for Technical, Training and Talent and is a Chartered Accountant of Singapore, with over 12 years of professional practice experience in auditing and technical research. She researches complex technical matters and conducts technical reviews for compliance with International/Singapore financial reporting standards and auditing standards.  She provides independent technical advice to clients and has experience as an expert witness related to her topics of expertise. In addition to contributing to in-house and external technical publications, Narissa develops training materials and delivers training to local and international audience via various platforms such as live classroom, video conference or e-learning in either English or Mandarin.

Prior to her current dedicated technical and training role, Narissa had more than 5 years of experience in developing and implementing quality control policies and procedures related to International/Singapore standards on quality control, as well as conducting cross-border quality and compliance reviews. Her industry audit experience includes transportation such as automotive and shipping, retail, manufacturing, trading, and investment holding. She also has experience in initial public offerings, audit of listed entities and financial due diligence projects.

Please note that this is a recording of the Live Session held on 19 August 2022. 

Programme Outline

Quality Management

ISCA issued three interrelated standards that address quality management in October 2021, namely:

  • Singapore Standard on Quality Management (SSQM) 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements (previously SSQC 1)
  • SSQM 2, Engagement Quality Review
  • Singapore Standard on Auditing (SSA) 220 (Revised), Quality Management for an Audit of Financial Statements

 

The new standards are effective from 15 December 2022.

 
The requirements of SSQM 1 are extensive and represent a significant change from SSQC 1.  SSQM 1 requires the firm to apply a risk-based approach in designing, implementing and operating the components of the system of quality management such that the firm proactively manages the quality of engagements performed by the firm.


In this 2-hour webinar, our speaker(s) will provide you with insights on the implementation process, including help tips to address practical challenges.

Identifying and Assessing Risks of Material Misstatement

SSA 315 (Revised 2021) Identifying and Assessing Risks of Material Misstatement, which is effective for periods beginning on or after 15 December 2021, requires a more robust risk identification and assessment, thereby promoting better responses to identified risks.

The webinar will also be covering the significant changes to this standard.  


Please click here to view the entire Web-Bitez Series.

*Please access the platform at least 15 mins prior to the webinar. 

*The Institute reserves the right to amend the programme, month, and mode of delivery as deemed necessary without prior notice

NOTE:

  • The Web-Bitez Learning Series will be held on 2nd or 3rd Friday of every month, 3 to 5pm on from Mar to Dec 2022
  • The Web-Bitez Learning Series will be held as a Live Webinar.
  • A detailed set of instructions will be sent to you before the session.
  • The dates and content published on the website are indicative and subject to changes.
  • Playback of web-bitez series is available within 6 months from the webinar date.
  • Request for deferment, switch of courses or refund of package fees in full or partial is strictly not allowed, even in the event of no-show.

Your enrolment would constitute that you have read and accepted the Terms and Conditions.

Training Methodology

Recorded Webinar

Closing Date for Registration

1 week before commencement or until full enrolment. 

Intended For

Audit practitioners and professionals

Competency Mapping

Category 3 = 2.00 Hours

Programme Facilitator(s)

Narissa Chen
Partner and Deputy Head of Audits
Mazars LLP
 
Narissa is Mazars Singapore Partner in-charge for Technical, Training and Talent and is a Chartered Accountant of Singapore, with over 12 years of professional practice experience in auditing and technical research. She researches complex technical matters and conducts technical reviews for compliance with International/Singapore financial reporting standards and auditing standards.  She provides independent technical advice to clients and has experience as an expert witness related to her topics of expertise. In addition to contributing to in-house and external technical publications, Narissa develops training materials and delivers training to local and international audience via various platforms such as live classroom, video conference or e-learning in either English or Mandarin.

Prior to her current dedicated technical and training role, Narissa had more than 5 years of experience in developing and implementing quality control policies and procedures related to International/Singapore standards on quality control, as well as conducting cross-border quality and compliance reviews. Her industry audit experience includes transportation such as automotive and shipping, retail, manufacturing, trading, and investment holding. She also has experience in initial public offerings, audit of listed entities and financial due diligence projects.


Upcoming Schedule

Fee (inclusive of GST)

For Members: $ 64.20
For Non-Members: $ 80.25

Programme Facilitator(s)

Narissa Chen