EXCELLENCE IN CORPORATE GOVERNANCE
The first AC Chapter Committee has organized a series of “pit stop”
sessions to specially help AC Chapter members deep dive into specific
areas of significance to ACs in 2017.
Pit Stop 1
Held on 16 February 2017, 0900 to 1100
Topic: Relevance of the Enhanced Auditor’s Report to Directors, ACs and Management
The enhanced auditor’s report is effective for audits of financial statements for periods ending on or after 15 December 2016. The session covered what the changes are from the conventional audit report, with particular emphasis on:
The session also discussed how ACs should prepare for the AGM in the light of the enhanced auditor’s report.
Date: 12 April 2017, 0900 to 1100
Topic: FRSP and AQIs
This Pit Stop will cover two of ACRA’s key regulatory programmes, the FRSP and the AQIs Disclosure Framework, targeted at helping audit committees raise the quality bar of financial reporting and audit in Singapore.
Pit Stop 2
Date: 27 July 2017, 0900 to 1100
Topic: Practical Implications of FRS 115 Revenue from Contracts with Customers
ACRA and ASC have issued reminders to directors to pay attention to the significance of and changes in FRS 115. The session will focus on the most common issues faced by companies when implementing the new standard:
Pit Stop 3
Date: 7 September 2017, 0900 to 1100
Topic: Practical Implications of FRS 109 Accounting for Financial Instruments
The new Standard introduces significant changes in the accounting for financial instruments, particularly in the areas of classification and measurement, impairment and hedge accounting. In this seminar, you will learn how FRS 109 affects various balance sheet items including trade receivables, intercompany loans, investments, contract assets and the profitability of the company using practical examples. We will also share key governance questions to ask your management to ensure FRS 109 had been applied appropriately.
Pit Stop on Series-Valuation & Impairment of Assets
Date: 3 November 2017, 0900 to 1100
Partner: Deloitte & Touche
Topic: The Critical Role of ACs in Valuation and Impairment of Assets
Many board members often lament that the capital markets undervalue their companies due to the lack of appreciation for their businesses. Yet in many cases, companies have not developed their own rigorous, detailed perspective on what value lies within their companies. An honest assessment of a company’s value lies at the heart of this issue.
Pit Stop 4
Date: 16 November 2017, 0900 to 1100
Topic: Demystifying Sustainability Reporting and Integrated Reporting
The SGX has made sustainability reporting a requirement on a “comply or explain” basis with effect from financial year 2017 onwards. Over time, annual reports are expected to evolve beyond reporting of statutory financial performance to disclosing fully the value created by the enterprise and how it will be sustained in the future.
The session will:
Course dates are subject to change.
No content found