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Reviewing Financial Statements and Selecting Auditors

Reviewing Financial Statements and Selecting Auditors
Ask the Right Questions - Reviewing Financial Statements and Selecting Auditors

Audit Committees (ACs) are key to upholding investors’ confidence in financial statements. Amidst an unprecedented level of market volatilities and economic uncertainties due to the COVID-19 pandemic, the role of the AC is thrust into the spotlight with much gravity and urgency.

On 14 July 2020, ACRA issued its latest report on key findings from the third review cycle of the Financial Reporting Surveillance Programme (FRSP). It was observed that the lack of deep knowledge and due care by preparers and directors were the root causes contributing to material non-compliances with accounting standards found under the programme. Overall, there is room for improvement in the quality of financial statements issued by companies incorporated in Singapore.

At this Pit-Stop, ACs will learn from ACRA officers and valuation expert supporting them:

  • how to identify the accounting breaches found by ACRA during its review of financial statements under the third review cycle of the FRSP;
  • how to ensure valuation is credible and fit for financial reporting purposes, given the uncertainties brought about by COVID-19; and
  • how to interpret the data provided by audit firms based on ACRA’s Revised Audit Quality Indicators (effective Mar 2020) and ask the right questions to evaluate audit quality and select auditors.

CPD Hours : 2

SID Member:   S$60.00 (excl. GST) 
  S$64.20 (incl. GST) 
Non-SID Member:   S$90.00 (excl. GST)
  S$96.30 (incl. GST) 

SID Corporate Member may utilise their complimentary vouchers.

A notification email with the webinar link and password will be sent to registered participants 2 days before. Participants are advised to log in 5-10 minutes before the session.

Terms and Conditions for SID Courses/Events
8/19/2020 10:00 AM - 12:00 PM
Online registration not available.

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