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25 August 2011 | Issue 33
 
 
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Highlights
 


  
   
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.
 
 


  
   
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.

       



   
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
       

 
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
 


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
 
       

   
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.
  
       



   
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.
  
 
Features
     
 
Barriers to Female Board Representation Exist, But Legislation Not The Solution

 Thank you for sharing with us your views!
 ICPAS Research launched the Women on Boards Poll which garnered 291 responses from CPAs Singapore in May 2011. Click here for interesting findings of the report.
 

                                                                                 Read more  
 
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












Professional Development
 
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.

 
 
Industry News
 
Economy Watch



ICPAS Online Resources
ICPAS CPE
ICPASjobs
Singapore Institute of Accredited Tax Professionals Limited (SIATP) 
Online Knowledge Centres:
1.Centre for Auditing & Assurance
2.Centre for Financial Reporting
3.Country Desk
4. Ethics Centre
5. Research
 
Careers
Careers With ICPAS- Be Part of the Team to Transform Singapore into A Global Accountancy Hub
 
Job Opportunities in ICPASjobs
 
Economic Outlook Poll 2011
 
 
 
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.
 
Advertisement
 
 
 
Win an iPad 2!
“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!
 
 
ICPAS Jobs
 
 
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
 
Members Activities
 
 
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
 
 
Members' Privileges
 
 
 
Asiamedic Health Screening Packages  Click HERE for More Information 
 
 
 
Wiley Book Promotions -Click HERE for More Details
 
 
Food for Thought
 
"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

Advertising Sales

advert@icpas.org.sg
 
 
 
 
 
 
 
 
 
 
 

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