Course Detail(BF158ET : Valuation - All You need to Know in an Audit Process)

BF158ET : Valuation - All You need to Know in an Audit Process NEW

35.00 CPE Hours (Others)
Classroom

Programme Objective
This programme is conducted in association with Singapore Management University (SMU).
(Funding is available. Please refer to the brochure (click here) for more information. Terms & Conditions apply.)
 
Pre-Enrolment form*
Please submit the pre-enrolment form (click here) to ISCA to be eligible for promotional code where participants will be entitled to $50 CPE credit voucher on a first-come-first-served basis The voucher will be issued upon successful enrolment with SMU. Please contact cpe@isca.org.sg for more information.

*Kindly ignore the schedule displayed on the right column.

Upon completion of this programme, the participants should have a sound understanding of valuation theory, coupled with practical skills in business valuation. The main objectives are to develop the ability to:

  • Understand the ecosystem involving financial reporting & capital markets, and the role of various stakeholders, including preparers, reviewers, overseers, users and regulators;
  • Understand the definition and concept of fair value in financial reporting;
  • Understand International Valuation Standards (IVS) and their relevance and application in financial reporting;
  • Understand valuation approaches and methods commonly adopted by practitioners, including key valuation parameters such as discount rates and multiples etc.;
  • Understand the technical and practical aspects of the following International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS), in relation to the conduct of valuation for audit purposes:
    • IFRS 2 Share-based Payment
    • IFRS 3 Business Combinations
    • IFRS 9 Financial Instruments
    • IFRS 13 Fair Value Measurement
    • IAS 16 Property, Plant and Equipment
    • IAS 36 Impairment of Assets
    • IAS 38 Intangible Assets
    • IAS 40 Investment Property
    • IAS 41 Agriculture
  • Gain practical skills, tools and techniques to review valuation deliverables that are in line with applicable IFRS, IAS and IVS; and
  • Appreciate the concerns of regulators and address the key issues identified.

Programme Outline

Part 1: Understanding Business Valuation from the Audit Perspective
Day 1:

  • Understand the ecosystem involving valuation, financial reporting & capital markets
  • IFRS 13 Fair Value Measurement
  • Business valuation approaches & methods, in accordance to IFRS and IVS
  • Procedures relating to the valuation deliverables required for financial reporting purposes
  • Concerns of regulators and addressing key issues identified


Part 2: Impact of Valuation with regards to the Respective Financial Reporting Standards
Day 2:

  • Valuation issues pertaining to the following financial reporting standards in the audit process:
    • IFRS 2 Share-based Payment
    • IFRS 9 Financial instruments


Day 3:

  • Valuation issues pertaining to the following international accounting standards (IAS) in the audit process:
    • IAS 40 Investmepnt Property
    • IAS 16 Property, Plant &
    • Equipment
    • IAS 41 Agriculture


Day 4:

  • Valuation issues pertaining to the following financial reporting and accounting standards in the audit process:
    • IFRS 3 Business Combinations
    • IAS 38 Intangible Assets


Day 5:

  • Valuation issues pertaining to the following accounting standard in the audit process:
    • IAS 36 Impairment of Assets
  • Future developments and its impact on the accounting profession
  • Case study
  • End of programme assessment


Training Methodology
A participant-centered teaching pedagogy based on interactive seminar-style approach and supported by relevant case studies and group breakout sessions. Reading materials (including a valuation text book) will be given to participants of the programme. The programme will end with an assessment to evaluate your learning and understanding.

Closing Date for Registration
Close Registration (to submit pre-enrolment form to ISCA)

Intended For

• Audit professionals • Members of the audit committees, • Directors of the company boards,
And anyone who would like to gain an understanding of the conduct of valuation in the audit process and address the concerns of the regulators.

Competency Mapping

Others = 35.00 Hours

Schedule & Fees

Date & Time

14 Aug 2019 (9:00 AM - 5:00 PM)
15 Aug 2019 (9:00 AM - 5:00 PM)
16 Aug 2019 (9:00 AM - 5:00 PM)
29 Aug 2019 (9:00 AM - 5:00 PM)
30 Aug 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Eric Teo
Jason Doan

Date & Time

16 Oct 2019 (9:00 AM - 5:00 PM)
17 Oct 2019 (9:00 AM - 5:00 PM)
18 Oct 2019 (9:00 AM - 5:00 PM)
07 Nov 2019 (9:00 AM - 5:00 PM)
08 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Eric Teo
Jason Doan

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Eric Teo

Eric Teo has over 25 years of professional experience and is currently the Head, Business Valuation & Advisory, Southeast Asia at Savills. He also serves as an Adjunct Associate Professor/Faculty at various universities. This include Nanyang Technological University, Singapore University of Social Sciences, Singapore Management University, Singapore Institute of Technology and Murdoch University. He was an Executive Director with Ernst & Young (EY) Transaction Advisory Services Group and has worked in both the Singapore and Australia practices. He was a founding member of EY Global Valuation & Business Modelling (VBM) Network’s Technical Standards Group (TSG), has served in the Steering Committee and led the EY Asia Pacific VBM TSG from 2012 to 2015. He was also a member of the EY Global VBM Learning & Development committee and was involved in the development of learning curriculum and training materials for the global valuation practice. His experience includes providing advice in relation to corporate strategy, investments and divestitures, fairness opinions and business valuation. He has led in transactions relating to litigation support, tax planning, restructuring and compliance, capital raising, mergers and acquisitions, shareholder disputes and financial reporting. Eric has worked with companies from various industries and his clients include SMEs, GLCs, MNCs and public listed groups.

 

Eric is the Founding Chairman of the Council of the Institute of Valuers and Appraisers of Singapore (IVAS). The IVAS is an institute set up to advance the business valuation profession under the auspice of the Singapore Accountancy Commission. He is also the Chairman of the International Valuation Standards Council (IVSC) Membership and Standards Recognition Board. The IVSC is the global organisation which produces the International Valuation Standards (IVS) for the valuation profession. Eric is a Chartered Accountant (Singapore), Chartered Accountant (Australia and New Zealand), CPA (Australia), Chartered Valuer and Appraiser (Singapore), Senior Fellow of Finsia and Fellow of the Royal Institution of Chartered Surveyors (RICS).


Jason Doan is a Chartered Valuer and Appraiser (CVA) and has participated in the development of materials and teaching for the CVA program. Jason is also a Chartered Accountant (Singapore), ISCA Financial Forensic Professional (FFP) and Fellow of the Singapore Institute of Arbitrators (FSIArb).

Jason has over 17 years of professional experience with a Big 4 accounting firm and a regional law firm and has been involved in various assurances, financial advisory and business valuation engagements. Jason has led in transactions relating to business strategy, shareholder disputes and litigation support, tax planning and statutory compliance, restructuring, capital raising, mergers and acquisitions and financial reporting.

He has experience in the valuation of intangible assets, companies, equity interests, biological assets and options. Jason has worked with companies from various industries in the US, Singapore and in the region. His clients include SMEs, GLCs, MNCs, public listed groups and government agencies.

 

Programme Objective
This programme is conducted in association with Singapore Management University (SMU).
(Funding is available. Please refer to the brochure (click here) for more information. Terms & Conditions apply.)
 
Pre-Enrolment form*
Please submit the pre-enrolment form (click here) to ISCA to be eligible for promotional code where participants will be entitled to $50 CPE credit voucher on a first-come-first-served basis The voucher will be issued upon successful enrolment with SMU. Please contact cpe@isca.org.sg for more information.

*Kindly ignore the schedule displayed on the right column.

Upon completion of this programme, the participants should have a sound understanding of valuation theory, coupled with practical skills in business valuation. The main objectives are to develop the ability to:

  • Understand the ecosystem involving financial reporting & capital markets, and the role of various stakeholders, including preparers, reviewers, overseers, users and regulators;
  • Understand the definition and concept of fair value in financial reporting;
  • Understand International Valuation Standards (IVS) and their relevance and application in financial reporting;
  • Understand valuation approaches and methods commonly adopted by practitioners, including key valuation parameters such as discount rates and multiples etc.;
  • Understand the technical and practical aspects of the following International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS), in relation to the conduct of valuation for audit purposes:
    • IFRS 2 Share-based Payment
    • IFRS 3 Business Combinations
    • IFRS 9 Financial Instruments
    • IFRS 13 Fair Value Measurement
    • IAS 16 Property, Plant and Equipment
    • IAS 36 Impairment of Assets
    • IAS 38 Intangible Assets
    • IAS 40 Investment Property
    • IAS 41 Agriculture
  • Gain practical skills, tools and techniques to review valuation deliverables that are in line with applicable IFRS, IAS and IVS; and
  • Appreciate the concerns of regulators and address the key issues identified.

Programme Outline

Part 1: Understanding Business Valuation from the Audit Perspective
Day 1:

  • Understand the ecosystem involving valuation, financial reporting & capital markets
  • IFRS 13 Fair Value Measurement
  • Business valuation approaches & methods, in accordance to IFRS and IVS
  • Procedures relating to the valuation deliverables required for financial reporting purposes
  • Concerns of regulators and addressing key issues identified


Part 2: Impact of Valuation with regards to the Respective Financial Reporting Standards
Day 2:

  • Valuation issues pertaining to the following financial reporting standards in the audit process:
    • IFRS 2 Share-based Payment
    • IFRS 9 Financial instruments


Day 3:

  • Valuation issues pertaining to the following international accounting standards (IAS) in the audit process:
    • IAS 40 Investmepnt Property
    • IAS 16 Property, Plant &
    • Equipment
    • IAS 41 Agriculture


Day 4:

  • Valuation issues pertaining to the following financial reporting and accounting standards in the audit process:
    • IFRS 3 Business Combinations
    • IAS 38 Intangible Assets


Day 5:

  • Valuation issues pertaining to the following accounting standard in the audit process:
    • IAS 36 Impairment of Assets
  • Future developments and its impact on the accounting profession
  • Case study
  • End of programme assessment


Training Methodology
A participant-centered teaching pedagogy based on interactive seminar-style approach and supported by relevant case studies and group breakout sessions. Reading materials (including a valuation text book) will be given to participants of the programme. The programme will end with an assessment to evaluate your learning and understanding.

Closing Date for Registration
Close Registration (to submit pre-enrolment form to ISCA)

Intended For

• Audit professionals • Members of the audit committees, • Directors of the company boards,
And anyone who would like to gain an understanding of the conduct of valuation in the audit process and address the concerns of the regulators.

Competency Mapping

Others = 35.00 Hours

Programme Facilitator(s)

Eric Teo

Eric Teo has over 25 years of professional experience and is currently the Head, Business Valuation & Advisory, Southeast Asia at Savills. He also serves as an Adjunct Associate Professor/Faculty at various universities. This include Nanyang Technological University, Singapore University of Social Sciences, Singapore Management University, Singapore Institute of Technology and Murdoch University. He was an Executive Director with Ernst & Young (EY) Transaction Advisory Services Group and has worked in both the Singapore and Australia practices. He was a founding member of EY Global Valuation & Business Modelling (VBM) Network’s Technical Standards Group (TSG), has served in the Steering Committee and led the EY Asia Pacific VBM TSG from 2012 to 2015. He was also a member of the EY Global VBM Learning & Development committee and was involved in the development of learning curriculum and training materials for the global valuation practice. His experience includes providing advice in relation to corporate strategy, investments and divestitures, fairness opinions and business valuation. He has led in transactions relating to litigation support, tax planning, restructuring and compliance, capital raising, mergers and acquisitions, shareholder disputes and financial reporting. Eric has worked with companies from various industries and his clients include SMEs, GLCs, MNCs and public listed groups.

 

Eric is the Founding Chairman of the Council of the Institute of Valuers and Appraisers of Singapore (IVAS). The IVAS is an institute set up to advance the business valuation profession under the auspice of the Singapore Accountancy Commission. He is also the Chairman of the International Valuation Standards Council (IVSC) Membership and Standards Recognition Board. The IVSC is the global organisation which produces the International Valuation Standards (IVS) for the valuation profession. Eric is a Chartered Accountant (Singapore), Chartered Accountant (Australia and New Zealand), CPA (Australia), Chartered Valuer and Appraiser (Singapore), Senior Fellow of Finsia and Fellow of the Royal Institution of Chartered Surveyors (RICS).

Jason Doan is a Chartered Valuer and Appraiser (CVA) and has participated in the development of materials and teaching for the CVA program. Jason is also a Chartered Accountant (Singapore), ISCA Financial Forensic Professional (FFP) and Fellow of the Singapore Institute of Arbitrators (FSIArb).

Jason has over 17 years of professional experience with a Big 4 accounting firm and a regional law firm and has been involved in various assurances, financial advisory and business valuation engagements. Jason has led in transactions relating to business strategy, shareholder disputes and litigation support, tax planning and statutory compliance, restructuring, capital raising, mergers and acquisitions and financial reporting.

He has experience in the valuation of intangible assets, companies, equity interests, biological assets and options. Jason has worked with companies from various industries in the US, Singapore and in the region. His clients include SMEs, GLCs, MNCs, public listed groups and government agencies.

 

Upcoming Schedule

Registration is closed

Date & Time

14 Aug 2019 (9:00 AM - 5:00 PM)
15 Aug 2019 (9:00 AM - 5:00 PM)
16 Aug 2019 (9:00 AM - 5:00 PM)
29 Aug 2019 (9:00 AM - 5:00 PM)
30 Aug 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 5,350.00
For Non-Members: $ 5,350.00

Programme Facilitator(s)

Eric Teo
Jason Doan

Venue

Singapore Management University 60 Stamford Road
School of Accountancy, Seminar Room 1-1
Singapore 178900