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25 August 2011 | Issue 33 |
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| Connect with ICPAS |
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Highlights
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Membership System Upgrade
In order to serve you better and
meet your needs, ICPAS has upgraded our membership system.
We seek your kind assistance to
login to
check if your membership data is updated. If there are any
discrepancies, we would be grateful if you could proceed to
amend it accordingly. Before you explore this
exciting website, kindly note some useful information: ►
For your login ID, please put an “S” prefix to your NRIC
number, eg. “S1234567H”. ► Your current password will be
your existing password If you have further queries or
feedback, please contact the Membership Services Department
at membership@icpas.org.sg or tel no: 65325312.
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ICPAS-ICAEW EC Green Paper on Audit
Policy Forum (Limited Seats!)
ICPAS and ICAEW will jointly
organise the ICPAS-ICAEW EC Green Paper on Audit Policy
Forum on 9 September 2011, convening a distinguished line up
of experts from ACRA, the Big Four,
ICAEW, SID and ICPAS to discuss “The Future
of Global Audit” and various other issues raised in
the EC Green Paper on Audit Policy. All audit professionals
are welcome to join us at this forum.
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Statement of Auditing Practice
(SAP) 25 Audit of Listed Companies
SAP 25, which provides guidance to
auditors in respect of the audit of listed companies, was
revised arising from developments in the Singapore Standards
on Auditing (SSAs). The substantive revisions included
updates to the references made to the Clarified SSAs,
Singapore Financial Reporting Standards (FRSs) and Singapore
Standards on Review Engagements (SSREs) as well as
additional references to guides such as the Guidebook for
Audit Committees in Singapore, Code of Corporate Governance
and the Singapore Exchange (SGX) Listing Manual. Additional
guidance was also provided on the definition of an
“interested person”, to be consistent with the SGX-ST
Listing Manual and the Code of Collective Investment
Schemes.
Read more
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Stand a
Chance to Win iPad 2 When You Register for Singapore
Accountancy Convention 2011 - Accountancy Entrepot
A not-to-be missed event,
ICPAS’ Singapore Accountancy Convention 2011 - Accountancy
Entrepot will be held on
3 & 4 November 2011. Glean insights
from, and network with, a distinguished line-up of speakers
to discuss key developments and topical issues as
transformation takes place within the accountancy sector.
Drawing upon Singapore’s success as an entrepot port,
the conference themed Accountancy Entrepot explores in
detail Singapore’s future development as a global
accountancy hub through the idea of connectivity – bridging
ideas, people and infrastructure.
Read more
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Seminar on Observations by the
Financial Statements Review Committee- A CPA Singapore
Practice Development Initiative
The Financial Statements Review
Committee (FSRC) of ICPAS reviews audited financial
statements with the objective of providing constructive
feedback in areas where the presentation or content of the
financial statements appear to fall short of compliance with
the statutory requirements including the Singapore
Financial Reporting Standards (SFRS), the Institute’s
published standards and other promulgations.
The FSRC has, on an annual basis, compiled a list of
frequently occurring non-compliance points which are posted
on ICPAS’ website. The top ten findings on non-compliance of
the standards will be discussed during the seminar together
with topics focused on specific areas in the accounting
standards which members have encountered application
problems and also areas which require more guidance on
technical interpretation. Seminar will be held on
Friday, 7 October 2011. Registration
and program details to be advised at a later date. Stay
tuned to our weekly for updates.
Read more
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Enterprise Risk Management (ERM):
Framework, Processes and Implementation (Code BF014)
The programme objective is to provide
participants with a comprehensive risk management approach
that is practical and ultimately, enabling their
organisations to meet their objectives; preserve their
resources and create value for all stakeholders.
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Be Clued In On The 'Inside Track'
Get an insight into IRAS’ mindset.
Register for SIATP’s next technical discussion by IRAS on
the 26 September 2011
which covers its experiences with tax agents and schemes
IRAS could potentially see as tax avoidance schemes.
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Features
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Technical Updates
22 Aug : IFRS Taxonomy Updated for Financial Statement Presentation
and Employee Benefits
22 Aug : New e-Tax Guide for Pharmaceutical Manufacturing Industry :
Tax Treatment of Research & Development and Intellectual
Property-Related Expenditures
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Professional Development
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Audit of Foreign Currency Transactions and Translation (Code
ADT044)
31 Aug 2011, 9:00 a.m. - 5:00 p.m.
Clarified SSAs 800 Series (Code
ADT060)
31 Aug 2011, 9:00 a.m. - 12:30 p.m.
Critical Thinking Skills for
Accountants – A practical approach (Code MP061)
16 Sep 2011, 9:00 a.m. - 5:00 p.m.
Fair Value Accounting for Non Financial Items (Code A085)
01 Sep 2011, 9:00 a.m. - 5:00 p.m.
FRS 107 - Financial Instruments :
Disclosures (Code A023)
02 Sep 2011, 9:00 a.m. - 12:30 p.m.
Recent Changes to Selected FRSs From
2011 (Code A124)
02 Sep 2011, 2:00 p.m. - 5:30 p.m.
Managing Transfer Pricing in Asia
(Code TAX011)
06 Sep 2011, 9:00 a.m. - 5:00 p.m.
Business Analytics and Reporting (BAR) (Code BAR2003)
4 Days - 8, 12, 13, 14 Sep 2011, 9:00 a.m. - 5:00 p.m.
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Industry News
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Economy Watch
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Economic Outlook Poll 2011 |
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| Regional markets
have been hurtling on a roller-coaster ride for the past few weeks.
As uncertainty looms over the global financial market, how
do you feel about Singapore’s economic outlook? Share with
ICPAS Research your views and experiences by simply answering a few
questions. |
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| Advertisement |
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Win an iPad 2! |
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| “Like”
and Win! |
All you need to
do is click "like" on our
CPASingapore Facebook
Page and you will immediately be eligible for the contest to win
an iPad 2. No other action’s required – it is that simple.
What’s more, network with like-minded professionals and receive
exclusive information on ICPAS and the accountancy sector.
Once there are 3,000 “likes", an iPad 2 would be
given away. Help us expand our Facebook community, take part now!
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ICPAS Jobs |
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| Member’s
employer will also enjoy preferential rates for advertising in
ICPASjobs. Share this with your employer today! Click
here
now to find out morel |
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Members Activities |
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ICPAS Community Service Project
in Collaboration with People’s Association |
As part of
its corporate social responsibility, the institute is collaborating
with People’s Association (PA) to provide a platform for members to
participate in community service as a PA Grassroots Volunteer. Click
here to register |
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Members' Privileges |
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Asiamedic Health Screening Packages
Click HERE for More Information |
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Wiley Book Promotions -Click
HERE for More Details |
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Food for Thought |
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| "Be
thankful for what you have; you'll end up having more. If you
concentrate on what you don't have, you will never, ever have
enough." - Oprah Winfrey |
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Advertising Sales
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advert@icpas.org.sg |
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Disclaimer
While all reasonable care has been taken in the preparation of information contained in this newsletter, ICPAS takes no responsibility for any action(s) taken on the basis of information contained herein or for any errors or omissions in that information.
This e-mail is intended for the use of the addressee. If you are not the intended recipient of
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comms@icpas.org.sg.
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If you have any technical queries or questions on ethics, kindly contact our Technical Division at
technical@icpas.org.sg.
For media enquiries, please contact our Communications Division at
comms@icpas.org.sg
The CPA Singapore Weekly contains statements and opinions of various
information providers along with links to other Internet sites. This
information and these links are provided solely for your convenience and
do not represent ICPAS' endorsements or approvals of any opinions,
services or products that are mentioned here or in third-party sites. |
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