Course Description

Synopsis:

ISCA has revised EP 100 to adopt IESBA’s final pronouncement, Revisions to the Code Relating to the Definition of Engagement Team and Group Audits (“ET-GA FP”). The revised EP 100 (revised August 2023) is effective 15 December 2023

Key revisions to EP 100 to adopt the ET-GA FP are as follows:

  • Provide guidance to facilitate the determination of individuals who are included in the ET and audit team/group audit team.
  • Enhance independence considerations for individuals and firms in an audit of group financial statements with a new Section 405 (Group Audits).
  • Clearly set out the independence provisions applicable to a public interest entity (PIE) that would apply to a component audit firm outside the group audit firm's network when the group audit client is a PIE, and the component audit client is not a PIE. 

This module covers an overview of the revisions to EP 100 relating to the definition of Engagement Team and Group Audits. 

 

Intended For:

  • Audit Professionals / PAIP 

Accounting and finance professionals, and ISCA members who wish to find out more about the changes to EP 100 will find the e-learning contents relevant.   

 

Competency Mapping: 

  • CPE Category 2 = 1.0 CPE Hour
Instructor Image

Chee Hay Kheong, Daniel

FCA (Singapore) Daniel is a Fellow Chartered Accountant of Singapore. He holds an Honours degree in Accountancy from the National University of Singapore and was 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.Daniel has served as an adjunct Associate Professor in the department of accounting at the National University of Singapore (NUS), teaching the Audit and Assurance and Advanced Audit and Assurance modules. After NUS, he served as an Adjunct Professor in the accounting department of the Singapore University of Social Sciences (SUSS), teaching the Audit and Assurance module.Daniel also provided professional training to members of the Institute of Singapore Chartered Accountants (ISCA), the Singapore Institute of Directors (SID), public accounting firms and training providers.Daniel was formerly a committee member of both the IT Committee and the Examination Committee of ISCA, and was also a committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).

1 CPE Hour

Lesson(s)

6

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