Welcome to IFAC’s Professional Accountants in Business Committee (PAIB) eNews. In This Issue GOVERNANCE, RISK, AND CONTROL 1. Internal Control Guidance Published as Executive Summary; Available for Local Customization 2. IFAC Staff Discuss Risk Management at ICAP CFO Conference 3. Updated Internal Control Framework Released by COSO 4. Conference on ISO Risk Management Standard to [...]
The first joint meeting between three ASEAN audit regulators including Singapore’s Accounting and Corporate Regulatory Authority (ACRA), Malaysia’s Auditor Oversight Board (AOB), and Thailand’s Securities and Exchange Commission (SEC), and leaders from global and regional audit firms was held on 8 May 2013 in Singapore. Please click here for more details.
8 May: Practice Direction No. 2 of 2013: Required Practical Experience under the Second Schedule to the Accountants (Public Accountants) Rules for Registration as a Public Accountant
Practice Direction No. 2 of 2013 sets out the kind of practical audit experience that an applicant to be a public accountant will need to acquire in order to satisfy the Public Accountants Oversight Committee (PAOC) that the audit experience is (i) of “sufficient depth and breadth” and (ii) “sufficiently recent” as required under paragraph [...]
Meeting Highlights and Podcast Related Resources 2012 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements IAASB December 2012 Meeting Highlights and Podcast Now Available IAASB February 2013 Meeting Highlights and Podcast Now Available Please click here for more details.
ACRA has been elected as a member of the Advisory Council of the International Forum of Independent Audit Regulators (IFIAR) for a four year term, at IFIAR’s plenary meeting held in Noordwijk, the Netherlands, on 15 April 2013. Please click here for more details.