| | Practising Accoutants' Series: SSA 570 - Going Concern
( CPE Seminars )
With the current economic climate, more and more companies are facing going concern uncertainties. What is auditor’s responsibility in the audit of financial statements with respect to:
- the going concern assumption used in the preparation of the financial statements ?
and
- the management’s assessment of the entity’s ability to continue as a going concern ?
How does the auditor identify going concern uncertainties and address the issue in the audit report satisfactorily?
Seminar Outline:
Management’s responsibility in accordance with FRS 1 - “Presentation of Financial Statements”
Indicators suggesting going concern uncertainties
- Financial indicators
- Operating indicators
- Other indicatorsAuditor’s responsibilities
- Overall responsibilities
- Audit procedures during planning
- Further audit procedures when events or conditions are identified
- Audit reporting:
o When there is a material uncertainty affecting going concern
o When the company is not a going concern
Trainer:
Mr Daniel Chee FCPA Singapore
Date:
28 November 2008 (3.5 ICPAS CPE hours)
Time:
1.45pm to 5.30pm
Venue:
Singapore Accountancy Academy (City Campus)
6 Raffles Quay #23-00
Singapore 048580
For Registration, please click here.
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| | | Seminar: XBRL Reporting 2008
( CPE Seminars )
FS Manager is a free online tool provided by ACRA for the preparation of financial statements. Singapore incorporated companies which are either unlimited or limited by shares will be required to file their financial statements in XBRL with effect from 1 November 2007. This seminar covers the preparation and management of Financial Statements in XBRL format using the FS Manager.
Trainer:
Mr Chee Hay Kheong, FCPA Singapore
Date/Time:
22 December 08 (9am to 5pm)
(7 ICPAS CPE Hours)
Venue:
SAA Main Campus
20 Aljunied Road
CPA House
Comp Labs 1 & 2 (Level 2)
Singapore 389805
Please refer to the following link for details and registration:
http://www.icpas.org.sg/cpe/public/viewSession.aspx?SeminarId=160
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| | | Seminar: Ethical Dilemma & Professional Accountants
( CPE Seminars )
Seminar Objective
Professional accountants inevitably would be faced with circumstances that threaten their compliance with ethical principles. For example, a professional accountant in business may face pressure to:
- Act contrary to law or regulation.
- Act contrary to technical or professional standards.
- Facilitate unethical or illegal earnings management strategies.
This seminar aims to provide professional accountants with an understanding of a conceptual framework that is based on IFAC Code of Ethics and the application of this conceptual framework:
To identify threats to compliance with the fundamental principles,
To evaluate their significance and,
If such threats are other than clearly insignificant -to apply safeguards to eliminate them or reduce them to an acceptable level such that compliance with the ethical principles is not compromised.
Seminar Outline
Fundamental Principles:
The fundamental principles of professional ethics for professional accountants:
- Confidentiality
- Integrity
- Objectivity
- Professional due and competence
- Professional behaviour
Threats to Compliance with Fundamental Principles
The conceptual framework provides guidance on fundamental ethical principles. Professional accountants are required to apply this conceptual framework to identify threats to compliance with the fundamental principles, to evaluate their significance and, if such threats are other than clearly insignificant - to apply safeguards to eliminate them or reduce them to an acceptable level such that compliance with the fundamental principles is not compromised.
Many threats fall into the following categories:
(a) Self-interest;
(b) Self-review;
(c) Advocacy;
(d) Familiarity; and
(e) Intimidation.
Case Scenarios:
- Potential Conflicts
- Preparation and Reporting of Information
- Acting with Sufficient Expertise
- Financial Interests
- Inducements
Intended For
Professional accountants in industry and commerce
Seminar Leader
Daniel Chee, FCPA Singapore
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 13 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 multi-national corporations, managing their operations in Singapore and Asia.
Mr Chee currently serves as a committee member of both the IT Committee and the Examination Committee of ICPAS, and was a Committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).
Seminar Details
Date:
30 December 2008, Tuesday
(3.5 ICPAS CPE hours)
Time:
2.00pm to 5.45pm
Venue:
Singapore Accountancy Academy (City Campus)
6 Raffles Quay #23-00
Singapore 048580
Exit through Exit I (Lau Pa Sat Exit) at Raffles Place MRT Station
Fee Members $181.90
Non-members $267.50
For more information on this seminar, click here.
For a list of new CPE seminars, click here |
| | | ICPAS/CPA Australia Dinner Talk 2009 1st Half Year Subscription
( CPE Seminars )
Jointly organised by the Institute of Certified Public Accountants of Singapore (ICPAS) & CPA Australia, this new series of dinner talks aim to promote a greater degree of synergy and facilitate the exchange of knowledge, ideas and experience among finance and accounting professionals.
Each talk features subject matter experts and specialists, addressing the topical issues and challenges in today’s business community.
Topic
- Economic Outlook and Future Prospects
- Investment Psychology 101
- Singapore Budget 2009 Highlights
- Making sense of the Property Market
- Uncover Insider Trading
- The Dynamics of Exchange Traded Funds (ETFs)
Dates:
Tuesday, 6 January 2009
Tuesday, 3 February 2009
Tuesday, 3 March 2009
Tuesday, 7 April 2009
Tuesday, 5 May 2009
Tuesday, 2 June 2009
Time:
Registration 6.30pm – 7.00pm
Talk 7.00pm – 8.30pm
Dinner 8.30pm – 9.30pm
Venue:
Conrad Centennial Singapore
The Ballroom, Level 2
2 Temasek Boulevard,
Singapore 038982
Fees:
Half-yearly subscription – S$360 per member
(Cost is inclusive of buffet dinner)
Closing Date:
Wednesday, 31 Dec 2008
(or when maximum capacity is attained)
CPE Hours:
1.5 ICPAS CPE Hours per session
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