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AIM
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The acronym for ICPAS' Strategic Plan of Accountancy Excellence, Industry Growth and Member & Human Capital Development
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ATA
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Accredited Tax Advisor
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ATP
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Accredited Tax Practitioner
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ATP-P
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Provisional Accredited Tax Practitioner
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ACCA
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Association of Chartered Certified Accountants
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ACA
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Associate Chartered Accountant:
The ACA qualificaion - regarded worldwide as a leading financial business qualification - provides non-accounting graduates a pathway to the accounting profession.
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AFA
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ASEAN Federation of Accountants
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ASC
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Accounting Standards Committee:
?The Accounting Standards Committee was renamed the Financial Reporting Committee (FRC) in June 2010 to reflects its relevance to the Financial Reporting Standards (FRSs).
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AS Council
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Accounting Standards Council
Background on the Accounting Standards Council (ASC)
The Accounting Standards Act was passed in Parliament on 27 Aug 2007 and the Act came into effect on 1 Nov 2007. With the enactment of the Accounting Standards Act, the Accounting Standards Council (ASC) took over the task of prescribing accounting standards from the Council on Corporate Disclosure and Governance (CCDG). In addition to prescribing accounting standards for companies, the ASC will also prescribe accounting standards for charities, co-operative societies and societies. The creation of the ASC is a positive step towards ensuring consistency in accounting standards, facilitating comparison of financial statements between different entities and enhancing the credibility and transparency of financial reporting. Composition of the Accounting Standards Council (1 November 2009 – 31 October 2011)
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AASC
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Auditing and Assurance Standards Committee
Terms of Reference: (1) To develop high quality auditing standards, which serve the public interest; (2) In furtherance of (i), to adopt the auditing and assurance standards and revisions to the same issued by the International Auditing and Assurance Standards Board (IAASB), with such amendments as are necessary to serve the public interest in Singapore and to conform with Singapore’s regulatory environment and statutory requirements, taking into account the benefits and intention of aligning as closely as possible with international standards; (3) To monitor policy and implementation issues relating to the development of auditing and assurance standards internationally and in Singapore and to give consideration to the need for guidance or additional requirements where appropriate and in the public interest; (4) To engage with international bodies and promote Singapore’s interests in relation to auditing standards and, where appropriate, take a leading role in representing regional interests; (5) To raise public awareness and understanding of the standard setting process and the standards, in particular to deepen stakeholder engagement and promote confidence in auditing standards.
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Accreditation Committee
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Terms of Reference: (1) To evaluate and accredit relevant qualifications for purpose of membership admission to the Institute; (2) To submit recommendations to Council on (1) above.
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