AC Pit-Stop: FR & Audit Considerations for 2018
Financial Reporting and Audit Considerations for 2018
Rapid changes are taking place in Singapore’s audit and financial reporting landscape. 2017 saw the implementation of the enhanced auditor’s reports (EARs), which provided investors with greater transparency over the audit process. 2018 will see the next wave of accounting changes. Two major new accounting standards will be effective: FRS 109 Financial Instruments and FRS 115 Revenue from Contracts with Customers. At the same time, Singapore listed companies will apply a new financial reporting framework identical to the International Financial Reporting Standards (IFRS).
It is important for companies to successfully implement these financial reporting changes. Audit committees have a more critical role in light of these developments. They need to be well-equipped and aware of the key considerations when overseeing the company’s audit and financial reporting process.
At this Pit Stop, participants will:
- Understand practical considerations and challenges in
implementing the new accounting standards and adopting the new framework
identical to IFRS;
- Hear about the findings from a study on the
first-year implementation of EARs and how these could impact audit
committee’s consideration of significant accounting issues; and
- Learn what to take note of when engaging the auditors on EARs in 2018,
and how to raise the quality of disclosures in audit committee
reporting.
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CPD Hours : 2
| SID Member: |
S$60.00 (excl. GST) |
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S$64.20 (incl. GST) |
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| Non-SID Member: |
S$90.00 (excl. GST) |
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S$96.30 (incl. GST) |
Terms and Conditions for SID Courses/Events
Online registration not available.