FRS Updates

• FRS 109 (Amendments) – Electronic Payments
• FRS 109 (Amendments) – Classification of Financial Assets – ESG Linked Features
• FRS 107 (Amendments) – Disclosure – Investment in Equity (FVOCI)
• FRS 118 – Presentation and Disclosure in Financial Statements

Auditing Standards Updates

• Narrow scope amendments to SSA 700 (Revised) – Forming an opinion and reporting on financial statements
• Narrow scope amendments to SSA 260 (Revised) – Communication with those charged with governance
• ISA 240 (Revised), The auditor’s responsibilities relating to fraud in an audit of financial statements
• ISA 570 (Revised 2024), Going Concern

Ethics Pronouncements Updates

• Revision – Public interest entities
  • Revised definition of public interest entities
  • Expanded list of entities designated as public interest entities
  • New disclosure requirement
• Revision – Tax planning and related services
  • Gray zone of tax planning and ethical issues
  • Establishing credible basis
  • Standback test
  • WTY vs CIT case
  • 99-1 property case

This workshop qualifies for:

3.0 CPE hours in Financial and Sustainability Reporting Standards and Pronouncements (Category 1);

2.0 hours in Ethics and Professionalism (Category 2); and

2.0 hours in Auditing and Assurance Standards, Pronouncements and Methodology (Category 3)

This is a hybrid session. You have the option to attend this live in-person or online via Zoom. Please indicate in “Remarks” section in your registration the mode of attendance.

As part of our commitment towards minimizing carbon footprint and contributing to a healthier planet, we will only be issuing the soft copy of the training materials.

The training materials will be emailed to you 2 days before the workshop. Charging points are also available in the training room to charge your digital device.

• Accountants
• CFOs and Finance Managers
• Audit Professionals
• Directors and Audit Committee Members

Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 15 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with MNCs, managing their operations in Singapore and Asia.

Daniel is a highly sought-after seminar trainer. He was an Adjunct Professor in the School of Business, Singapore University of Social Sciences and an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He served as a committee member of both the IT Committee and the Examination Committee of ISCA, and was a Committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).