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Audit and Assurance

Home/Posts/Tag: Audit and Assurance

Coping with the Consequences of COVID-19: Redoubling Attention to the Professional Standards

By |2020-07-10T21:19:12+08:00July 10th, 2020|Audit and Assurance|

Barry Jay Epstein, Ph.D., CPA, Accounting Expert at Epstein + Nach LLC and Eva K. Jermakowicz, Ph.D., CPA Professor, College of Business Tennessee State University The current novel coronavirus (COVID-19) epidemic is causing huge concern and disruption throughout the world, for obvious reasons, and the [...]

Quick Guide: IAS 20 – Accounting for Government Grants

By |2020-06-30T21:07:57+08:00June 30th, 2020|Featured, Guides|

This year, the COVID-19 crisis has adversely impacted the global economy. Singapore is no exemption, with negative effects and losses caused by the crisis and the consequent circuit breaker measures implemented to prevent the virus’ spread. The local government has thus announced various support schemes including several government grants to [...]

Singapore Guide: ISCA FRB 6 – Accounting for Jobs Support Scheme

By |2020-06-30T21:06:38+08:00June 30th, 2020|Featured, Guides|

This year, the COVID-19 pandemic has inevitably adversely impacted the global economy. Singapore companies and businesses were negatively impacted by this health crisis and the consequent circuit breaker measures implemented to prevent the spread of the virus. The Singapore government has thus announced various support schemes in the form of [...]

PWCO Appointed as New External Auditors for Tricklestar Pte. Ltd.

By |2020-07-22T22:41:15+08:00June 1st, 2020|PWCO Updates|

Paul Wan & Co is proud to announce Tricklestar Limited, a company listed in the Singapore Stock Exchange, has appointed our firm as the External Auditors at their Annual General Meeting held recently. Incorporated in Singapore on 31 October 2018, TrickleStar Limited designs and supplies affordable, simple and easy-to-use energy-saving [...]

Circuit Breaker Measures for Singapore Company Audit Practices

By |2020-05-29T13:55:15+08:00May 29th, 2020|Audit, Guides|

The ongoing COVID-19 pandemic and corresponding Circuit Breaker regulations have had a major impact on many companies and businesses, not just financially but also in administrative matters. Statutory requirements and financial audit practice are no exemption to these operational measures and changes in Singapore.    In recognition of these administrative [...]

Singapore Standards on Auditing: Key Facts

By |2020-03-31T18:45:13+08:00March 31st, 2020|Guides, SSA|

Financial statement audits are a key professional service performed by independent auditors to provide reasonable assurance on the accuracy of financial statements prepared by a Singapore company’s accountants or administrator. The Singapore Standards on Auditing (SSA) is a best practice guide issued by the Institute of Singapore Chartered Accountants (ISCA) [...]

Company Audit Procedures in Singapore

By |2020-02-19T16:18:44+08:00February 19th, 2020|Audit, Guides|

Understanding audit procedures in Singapore is essential for business owners and company heads as Singaporean companies are required to conduct periodical audits on their financial statements as established in the Singapore Companies Act.  These audits are conducted to preserve the accuracy of the financial statements issued by businesses within the [...]

Key Requirements for a Company Audit in Singapore

By |2020-02-19T16:10:18+08:00February 19th, 2020|Audit, Guides|

What is a Statutory Audit? As a fast-growing economic hub in the Southeast Asian region, the demand for professional audit and accounting services in Singapore continues to rise. To comply with the country’s statutory laws, Singapore companies must regularly submit their financial statements to a qualified auditor or registered public [...]

Responsibilities and Skills of a Good Auditor

By |2019-11-21T17:11:48+08:00November 21st, 2019|Audit, Guides|

As per the Singapore Companies Act, only registered public accountants may audit financial reports of companies that do not meet the “small company” criteria for audit exemption. Auditors are expected to meet the demands of both internal and external forces when catering to clients. They must ensure these companies comply [...]

Top 3 Criteria for Hiring an Auditing Firm in Singapore

By |2019-11-21T12:45:14+08:00November 21st, 2019|Audit, Guides|

Hiring an audit firm is an important milestone for businesses and companies as an effort to guarantee the accuracy and transparency of their financial reports. By Singaporean legislation, companies that do not meet the audit exemption criteria must ensure their financial statements and accounting records are audited yearly. Most accounting [...]