Course Detail(PAW001 : Practical Audit Workshop – Audit Working Paper 1)

PAW001 : Practical Audit Workshop – Audit Working Paper 1

37.50 CPE Hours (Category 1, Category 2, Category 3)
Classroom

Programme Objective

Ever wonder why you need to perform a specific audit procedure and when to perform the audit procedure?   Designed for audit working paper preparers with limited practical audit experience, PAW – AWP 1 aims to provide practical guidance in the application of the audit concepts and audit documentation requirements.  Using case studies of Singapore incorporated company, you will be able to understand the rationale of performing the audit procedure, applying the relevant audit procedure, the documentation requirements and also be exposed to common audit exceptions.  This course provides a consistent audit approach using ISCA AMSE as the audit tool. 
 
Upon completing the course, primary reviewers and Audit Partners would have a clear and consistent understanding of the audit work performed by you and able to address any audit exceptions highlighted by you on a timely basis.

Programme Outline

At the end of the 5-day PAW–AWP 1, you will be able to:

  • Recognize the role, ethical and professional requirements and responsibilities of the various levels of audit engagement team members;
  • Understand the key audit concepts and requirements through the various audit case study examples:
    • Audit evidence
    • Audit sampling
    • Audit documentation;
  • Understand the objective of work paper preparation, including recommended practices in work paper preparation, and apply the audit documentation techniques;
  • Understand the business processes and documentation techniques in the audit planning process, in the following areas:
    • Financial reporting process
    • Revenue cycle
    • Expenditure cycle
  • Understand and apply the relevant audit concepts and documentation techniques while performing the audit procedures in the following areas:
    • Cash
    • Property, plant and equipment
    • Loans
    • Trade and other receivables
    • Investments
    • Inventories
    • Trade and other payables
    • Income tax payable and deferred tax liabilities
    • Profit and loss accounts (revenue, cost of sales and operating expenses)
  • Understand and apply the concept of audit procedures and documentation requirements in relation to the audit completion process; and
  • Understand and be able to help improve the overall audit efficiency and effectiveness by assisting in the audit planning process and highlighting audit exceptions for resolution by the senior engagement team members, where applicable.


Closing Date for Registration
 

1 week before programme or until full enrolment

Assessment
Assessments will be conducted during mid and end of workshop.

Rescheduling of Assessment Date 
Participants can request for a rescheduling of assessment date. An administrative fee of $53.50 (including GST) will be payable. This fee will be waived if the rescheduling is due to medical or compassionate reason. Please provide relevant supporting documents.

Re-assessment
Participants who do not score an overall pass for the assessments can request for a re-assessment within 7 working days from the last day of the course. An administrative fee of $107.00 (including GST) will be payable. A re-assessment will be arranged within 14 working days from the last day of the course. Participants may attempt the re-assessment once only.

Click PAW homepage for details on Practical Audit Workshop.
------------------------------------------------------------------------------------------------------------------------------

Intended For

PAW-AWP 1 workshop is specially designed for audit working paper preparers of small and medium-sized public accounting firms (SMPs), with little or no practical audit experience to equip themselves with the necessary audit knowledge and understanding of the audit documentation requirements.

Competency Mapping

Category 1 = 9.00 Hours
Category 2 = 1.00 Hours
Category 3 = 27.50 Hours

Schedule & Fees

Date & Time

02 Sep 2020 (9:00 AM - 6:00 PM)
14 Sep 2020 (9:00 AM - 6:00 PM)
23 Sep 2020 (9:00 AM - 6:00 PM)
30 Sep 2020 (9:00 AM - 6:00 PM)
07 Oct 2020 (9:00 AM - 6:00 PM)

Registration is closed

Programme Facilitator(s)

Team of Professionals (PAW)

Date & Time

04 Oct 2019 (9:00 AM - 6:00 PM)
08 Oct 2019 (9:00 AM - 6:00 PM)
10 Oct 2019 (9:00 AM - 6:00 PM)
11 Oct 2019 (9:00 AM - 6:00 PM)
17 Oct 2019 (9:00 AM - 6:00 PM)

Registration is closed

Programme Facilitator(s)

Team of Professionals (PAW)

Date & Time

16 Oct 2018 (9:00 AM - 6:00 PM)
23 Oct 2018 (9:00 AM - 6:00 PM)
30 Oct 2018 (9:00 AM - 6:00 PM)
13 Nov 2018 (9:00 AM - 6:00 PM)
20 Nov 2018 (9:00 AM - 6:00 PM)
27 Nov 2018 (9:00 AM - 6:00 PM)

Registration is closed

Programme Facilitator(s)

Team of Professionals (PAW)

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Eric Tan
 
Eric is the founder of his own consultancy firm dedicated to working with public accountants in small and medium-sized practices to improve their assurance practice. Eric is appointed as the independent technical and quality assurance adviser to various public accountants. Eric is also a regular speaker on financial reporting and audit-related seminars with various professional organisations and is an adjunct associate professor at the Nanyang Technological University, Nanyang Business School.
 
Eric has many years of experience in public accounting, including over 13 years with a Big 4 international accounting firm in Singapore and its Global office in New York. During this period, Eric has accumulated extensive experience in financial reporting advisory, audit of public and private entities, quality assurance and forensic file reviews, and audit firm practice risk related matters.
 
 
Goh Kia Hong
 
Kia Hong is currently with Nanyang Technological University, teaching Assurance and Auditing in the bachelor and master degree programmes. Kia Hong holds a Master of Science (Marketing) from NTU where he was awarded the Dean's Honours List.
 
Kia Hong worked with ISCA on ACRA’s Practice Monitoring Programme. He is a regular trainer in ISCA CPE in several core auditing courses. Kia Hong also provides regular training, consultancy and research works to accounting firms and corporate organisations and contributes to IS Chartered Accountant journal and the main media on business and accounting related topics.
 
Kia Hong is a member of ISCA’s Auditing and Assurance Standards Committee and ISCA’s Investigation and disciplinary panel. He was awarded the Service to Education Awards by the Ministry of Education in 2006 and 2011. He is currently the Chairman of Bukit Merah Seconday School Advisory Committee and a member of Mensa Singapore.
 
Kia Hong was an Audit Manager in Ernst and Young before he founded his audit and consultancy firm, specializing in financial audit, taxation, financial system control and review and business advisory. In 2005, Kia Hong retired from his audit practice and worked in South Korea as the Chief Executive Officer of a healthcare company. Upon completion of his overseas working stint, Kia Hong started his regional healthcare Group with companies in Singapore, Malaysia, Hong Kong and China. During the same period, he taught in various public and private institutions in auditing, accounting, marketing and entrepreneurship on adjunct arrangements. He had also developed advanced auditing and advanced accounting courses for a local university.
 
 
Teoh Poh Leng
 
Poh Leng is a Partner with many years’ experience in public accounting, including more than 15 years of professional experience in providing audit and advisory services to public listed and private companies in various industries during her employment in a Big 4 international accounting firm. Her existing portfolio of clients includes private limited companies in manufacturing, trading, consultancy services, investment holding, fund management and architectural.
 
Before joining her current practice, Poh Leng was the head of the Quality Assurance & Professional Development functions in the Institute of Singapore Chartered Accountants.
 
She has a Bachelor of Accountancy degree and is a practising member of the Institute of Singapore Chartered Accountants.  She is also a member of the Association of Chartered Certified Accountants.
 
 
Joanne Lim
 
Joanne is a Partner with one of the Big 4 international accounting firms and has more than 14 years of public accounting experience in serving multinational and local companies in Asia Pacific, United States and Europe. Joanne’s extensive experience spans across various industries like shipping, consumer business and technology. At the same time, Joanne is also actively involved in advising companies on listing on the Singapore Exchange.
 
Joanne has also lectured in seminars and presentations for public, clients and within Deloitte on auditing approach as well as accounting standards.
 
Joanne graduated with a Degree of Engineering, Chemical and worked as a business analyst with Singapore Refining Company before joining Deloitte Singapore. Joanne is a Chartered Accountant in Singapore, as well as a member of the Association of Chartered Certified Accountants.
 
 
Poh Chin Beng
 
Chin Beng has more than 20 years of experience in providing public accounting and commercial services to clients in Singapore. He also has 4 years of experience covering the Asia Pacific countries as regional internal auditor and regional financial controller with a global top 5 Swiss pharmaceutical group and a US Nasdaq listed electronics group respectively.
 
His clients comprise of listed companies, multinational corporations, growth enterprises and statutory boards in diverse industries including asset management, education, engineering & construction, fast moving consumer goods, hospitality & leisure, information technology, logistics, manufacturing, social enterprises, shipping, stockbroking and real estate investment trust.
 
Chin Beng is a member of BDO LLP’s Technical Committee and he conducts internal and external training on auditing and accounting subject matters. Graduated with a Degree of Accountancy (2nd Upper Class) at Nanyang Technological University, Chin Beng is also practicing member of the Institute of Singapore Chartered Accountants and a Certified Internal Auditor of the Institute of Internal Auditors.
 
 
Poh Poh Lin
 
Poh Lin has more than 15 years of experience in public accounting and 2 years of working experience in a Global Financial Institution. During her employment with one of the Big 4 international accounting firms, Poh Lin has accumulated extensive experience in providing training and accounting advice on accounting standards (in particular financial instruments related standards), giving comments on Exposure Drafts issued by IASB, participated in outreach meetings conducted by IASB and advising client on accounting technical issues.
 
Her audit portfolio comprise of various financial institution clients including multinational banks listed in Singapore as well as other multinational corporations in the publishing, manufacturing and trading industry. She was also involved in the Singapore Qualifying Programme (SQP) as a workshop facilitator, exam-scrip marker and reviewer of SQP training materials.
 
Graduated with a Degree of Accountancy at Nanyang Technological University, Poh Lin is also a non-practicing member of the Institute of Singapore Chartered Accountants. Her expertise also include conducting due diligences, process improvements and investigation work for financial service industry as well as providing accounting advisory services on group restructuring exercise and hedge accounting.
 
 
Magdalene Ang
 
Magdalene is a Partner in a local accounting firm with over 14 years of professional experience. She has been involved in audit, internal audit, and special engagements such as Initial Public Offering, Reverse Take Over reporting accountant works and Due Diligence exercise. She has served clients ranging from small and medium enterprises to Singapore Listed Companies, and Multinational Corporations (MNC).

Magdalene went on to join an US MNC in 2011 where she oversees the tax planning, credit control and cash flow management of the Group’s operations in Singapore, Malaysia, China, Indonesia and India. In 2012, Magdalene joined the Institute of Singapore Chartered Accountants (“ISCA”) where her role includes the launched of ISCA’s inaugural Quality Assurance Review Seminar (2013), the Quality Assurance Review Programme (2012), and Technical Clinics (2012). She also contributes monthly articles to ISCA Journal on audit related topics such as Inventories, Related Parties and many more based on the monthly technical clinics conducted, in a Q&A format targeted for auditors, in particular those from the small and medium-sized practices.

Currently, Magdalene conducts regular training for external organization mainly on audit and financial reporting topics.  She also provides training and consultancy services for local accounting firm.  Magdalene is also a regular workshop facilitator and exam marker for the Singapore Qualification Programme on the Financial Reporting Module.
Magdalene is a Chartered Accountants (Practising) (Singapore) and a Fellow Chartered Certified Accountant (“FCCA”).


Kee Sok Hwee Matilda
 
Ms Kee Sok Hwee Matilda is a Fellow Chartered Accountant (FCA) of the Institute of Singapore Chartered Accountants (ISCA).
 
She has 30 years of professional practice experience in auditing and financial accounting.  She has held appointments of Audit Senior Manager and Associate Director for Learning and Development at KPMG. As an Associate Director, she developed and conducted training on audit methodologies, FRSs and banking laws and regulations for 7 years.  She also held the position of Deputy Director at the Monetary Authority of Singapore with responsibilities for financial supervision of banks. Over the years, she has accumulated overseas working experience through international audit secondment and representation at international central bank supervisors meetings. 
 
She is an Associate Lecturer and teaches courses in financial and management accounting and business statistics.  She is also an independent technical and training consultant and a facilitator for the Singapore Qualification Programme (QP) Professional Development workshops.
 

Programme Objective

Ever wonder why you need to perform a specific audit procedure and when to perform the audit procedure?   Designed for audit working paper preparers with limited practical audit experience, PAW – AWP 1 aims to provide practical guidance in the application of the audit concepts and audit documentation requirements.  Using case studies of Singapore incorporated company, you will be able to understand the rationale of performing the audit procedure, applying the relevant audit procedure, the documentation requirements and also be exposed to common audit exceptions.  This course provides a consistent audit approach using ISCA AMSE as the audit tool. 
 
Upon completing the course, primary reviewers and Audit Partners would have a clear and consistent understanding of the audit work performed by you and able to address any audit exceptions highlighted by you on a timely basis.

Programme Outline

At the end of the 5-day PAW–AWP 1, you will be able to:

  • Recognize the role, ethical and professional requirements and responsibilities of the various levels of audit engagement team members;
  • Understand the key audit concepts and requirements through the various audit case study examples:
    • Audit evidence
    • Audit sampling
    • Audit documentation;
  • Understand the objective of work paper preparation, including recommended practices in work paper preparation, and apply the audit documentation techniques;
  • Understand the business processes and documentation techniques in the audit planning process, in the following areas:
    • Financial reporting process
    • Revenue cycle
    • Expenditure cycle
  • Understand and apply the relevant audit concepts and documentation techniques while performing the audit procedures in the following areas:
    • Cash
    • Property, plant and equipment
    • Loans
    • Trade and other receivables
    • Investments
    • Inventories
    • Trade and other payables
    • Income tax payable and deferred tax liabilities
    • Profit and loss accounts (revenue, cost of sales and operating expenses)
  • Understand and apply the concept of audit procedures and documentation requirements in relation to the audit completion process; and
  • Understand and be able to help improve the overall audit efficiency and effectiveness by assisting in the audit planning process and highlighting audit exceptions for resolution by the senior engagement team members, where applicable.


Closing Date for Registration
 

1 week before programme or until full enrolment

Assessment
Assessments will be conducted during mid and end of workshop.

Rescheduling of Assessment Date 
Participants can request for a rescheduling of assessment date. An administrative fee of $53.50 (including GST) will be payable. This fee will be waived if the rescheduling is due to medical or compassionate reason. Please provide relevant supporting documents.

Re-assessment
Participants who do not score an overall pass for the assessments can request for a re-assessment within 7 working days from the last day of the course. An administrative fee of $107.00 (including GST) will be payable. A re-assessment will be arranged within 14 working days from the last day of the course. Participants may attempt the re-assessment once only.

Click PAW homepage for details on Practical Audit Workshop.
------------------------------------------------------------------------------------------------------------------------------

Intended For

PAW-AWP 1 workshop is specially designed for audit working paper preparers of small and medium-sized public accounting firms (SMPs), with little or no practical audit experience to equip themselves with the necessary audit knowledge and understanding of the audit documentation requirements.

Competency Mapping

Category 1 = 9.00 Hours
Category 2 = 1.00 Hours
Category 3 = 27.50 Hours

Programme Facilitator(s)

Eric Tan
 
Eric is the founder of his own consultancy firm dedicated to working with public accountants in small and medium-sized practices to improve their assurance practice. Eric is appointed as the independent technical and quality assurance adviser to various public accountants. Eric is also a regular speaker on financial reporting and audit-related seminars with various professional organisations and is an adjunct associate professor at the Nanyang Technological University, Nanyang Business School.
 
Eric has many years of experience in public accounting, including over 13 years with a Big 4 international accounting firm in Singapore and its Global office in New York. During this period, Eric has accumulated extensive experience in financial reporting advisory, audit of public and private entities, quality assurance and forensic file reviews, and audit firm practice risk related matters.
 
 
Goh Kia Hong
 
Kia Hong is currently with Nanyang Technological University, teaching Assurance and Auditing in the bachelor and master degree programmes. Kia Hong holds a Master of Science (Marketing) from NTU where he was awarded the Dean's Honours List.
 
Kia Hong worked with ISCA on ACRA’s Practice Monitoring Programme. He is a regular trainer in ISCA CPE in several core auditing courses. Kia Hong also provides regular training, consultancy and research works to accounting firms and corporate organisations and contributes to IS Chartered Accountant journal and the main media on business and accounting related topics.
 
Kia Hong is a member of ISCA’s Auditing and Assurance Standards Committee and ISCA’s Investigation and disciplinary panel. He was awarded the Service to Education Awards by the Ministry of Education in 2006 and 2011. He is currently the Chairman of Bukit Merah Seconday School Advisory Committee and a member of Mensa Singapore.
 
Kia Hong was an Audit Manager in Ernst and Young before he founded his audit and consultancy firm, specializing in financial audit, taxation, financial system control and review and business advisory. In 2005, Kia Hong retired from his audit practice and worked in South Korea as the Chief Executive Officer of a healthcare company. Upon completion of his overseas working stint, Kia Hong started his regional healthcare Group with companies in Singapore, Malaysia, Hong Kong and China. During the same period, he taught in various public and private institutions in auditing, accounting, marketing and entrepreneurship on adjunct arrangements. He had also developed advanced auditing and advanced accounting courses for a local university.
 
 
Teoh Poh Leng
 
Poh Leng is a Partner with many years’ experience in public accounting, including more than 15 years of professional experience in providing audit and advisory services to public listed and private companies in various industries during her employment in a Big 4 international accounting firm. Her existing portfolio of clients includes private limited companies in manufacturing, trading, consultancy services, investment holding, fund management and architectural.
 
Before joining her current practice, Poh Leng was the head of the Quality Assurance & Professional Development functions in the Institute of Singapore Chartered Accountants.
 
She has a Bachelor of Accountancy degree and is a practising member of the Institute of Singapore Chartered Accountants.  She is also a member of the Association of Chartered Certified Accountants.
 
 
Joanne Lim
 
Joanne is a Partner with one of the Big 4 international accounting firms and has more than 14 years of public accounting experience in serving multinational and local companies in Asia Pacific, United States and Europe. Joanne’s extensive experience spans across various industries like shipping, consumer business and technology. At the same time, Joanne is also actively involved in advising companies on listing on the Singapore Exchange.
 
Joanne has also lectured in seminars and presentations for public, clients and within Deloitte on auditing approach as well as accounting standards.
 
Joanne graduated with a Degree of Engineering, Chemical and worked as a business analyst with Singapore Refining Company before joining Deloitte Singapore. Joanne is a Chartered Accountant in Singapore, as well as a member of the Association of Chartered Certified Accountants.
 
 
Poh Chin Beng
 
Chin Beng has more than 20 years of experience in providing public accounting and commercial services to clients in Singapore. He also has 4 years of experience covering the Asia Pacific countries as regional internal auditor and regional financial controller with a global top 5 Swiss pharmaceutical group and a US Nasdaq listed electronics group respectively.
 
His clients comprise of listed companies, multinational corporations, growth enterprises and statutory boards in diverse industries including asset management, education, engineering & construction, fast moving consumer goods, hospitality & leisure, information technology, logistics, manufacturing, social enterprises, shipping, stockbroking and real estate investment trust.
 
Chin Beng is a member of BDO LLP’s Technical Committee and he conducts internal and external training on auditing and accounting subject matters. Graduated with a Degree of Accountancy (2nd Upper Class) at Nanyang Technological University, Chin Beng is also practicing member of the Institute of Singapore Chartered Accountants and a Certified Internal Auditor of the Institute of Internal Auditors.
 
 
Poh Poh Lin
 
Poh Lin has more than 15 years of experience in public accounting and 2 years of working experience in a Global Financial Institution. During her employment with one of the Big 4 international accounting firms, Poh Lin has accumulated extensive experience in providing training and accounting advice on accounting standards (in particular financial instruments related standards), giving comments on Exposure Drafts issued by IASB, participated in outreach meetings conducted by IASB and advising client on accounting technical issues.
 
Her audit portfolio comprise of various financial institution clients including multinational banks listed in Singapore as well as other multinational corporations in the publishing, manufacturing and trading industry. She was also involved in the Singapore Qualifying Programme (SQP) as a workshop facilitator, exam-scrip marker and reviewer of SQP training materials.
 
Graduated with a Degree of Accountancy at Nanyang Technological University, Poh Lin is also a non-practicing member of the Institute of Singapore Chartered Accountants. Her expertise also include conducting due diligences, process improvements and investigation work for financial service industry as well as providing accounting advisory services on group restructuring exercise and hedge accounting.
 
 
Magdalene Ang
 
Magdalene is a Partner in a local accounting firm with over 14 years of professional experience. She has been involved in audit, internal audit, and special engagements such as Initial Public Offering, Reverse Take Over reporting accountant works and Due Diligence exercise. She has served clients ranging from small and medium enterprises to Singapore Listed Companies, and Multinational Corporations (MNC).

Magdalene went on to join an US MNC in 2011 where she oversees the tax planning, credit control and cash flow management of the Group’s operations in Singapore, Malaysia, China, Indonesia and India. In 2012, Magdalene joined the Institute of Singapore Chartered Accountants (“ISCA”) where her role includes the launched of ISCA’s inaugural Quality Assurance Review Seminar (2013), the Quality Assurance Review Programme (2012), and Technical Clinics (2012). She also contributes monthly articles to ISCA Journal on audit related topics such as Inventories, Related Parties and many more based on the monthly technical clinics conducted, in a Q&A format targeted for auditors, in particular those from the small and medium-sized practices.

Currently, Magdalene conducts regular training for external organization mainly on audit and financial reporting topics.  She also provides training and consultancy services for local accounting firm.  Magdalene is also a regular workshop facilitator and exam marker for the Singapore Qualification Programme on the Financial Reporting Module.
Magdalene is a Chartered Accountants (Practising) (Singapore) and a Fellow Chartered Certified Accountant (“FCCA”).


Kee Sok Hwee Matilda
 
Ms Kee Sok Hwee Matilda is a Fellow Chartered Accountant (FCA) of the Institute of Singapore Chartered Accountants (ISCA).
 
She has 30 years of professional practice experience in auditing and financial accounting.  She has held appointments of Audit Senior Manager and Associate Director for Learning and Development at KPMG. As an Associate Director, she developed and conducted training on audit methodologies, FRSs and banking laws and regulations for 7 years.  She also held the position of Deputy Director at the Monetary Authority of Singapore with responsibilities for financial supervision of banks. Over the years, she has accumulated overseas working experience through international audit secondment and representation at international central bank supervisors meetings. 
 
She is an Associate Lecturer and teaches courses in financial and management accounting and business statistics.  She is also an independent technical and training consultant and a facilitator for the Singapore Qualification Programme (QP) Professional Development workshops.
 

Upcoming Schedule

Registration is closed

Date & Time

02 Sep 2020 (9:00 AM - 6:00 PM)
14 Sep 2020 (9:00 AM - 6:00 PM)
23 Sep 2020 (9:00 AM - 6:00 PM)
30 Sep 2020 (9:00 AM - 6:00 PM)
07 Oct 2020 (9:00 AM - 6:00 PM)

Fee (inclusive of GST)

For Members: $ 1,177.00
For Non-Members: $ 1,177.00

Programme Facilitator(s)

Team of Professionals (PAW)

Venue

60 Cecil Street
ISCA House
Singapore 049709