Audit Practice Bulletin

2020

• 20 May 2020 – Audit Practice Bulletin No. 1 of 2020:  Key Audit Consideration - COVID-19  (PDF, 305KB)

2018

• 14 December 2018 – Audit Practice Bulletin No. 3 of 2018:  Discussion of Past Disciplinary Cases against Public Accountants (PDF, 660KB)
• 15 November 2018 – Audit Practice Bulletin No. 2 of 2018: Compliance with Ethics Pronouncements on Anti-Money Laundering and Countering the Financing of Terrorism – Customer Due Diligence and Suspicious Transaction Reporting (PDF, 780KB)
• 28 August 2018 - Audit Practice Bulletin No.1 of 2018:  Audit of Revised Financial Statements under Sections 202A and 202B of the Companies Act (PDF, 597KB)

2017

• 13 December 2017 - Audit Practice Bulletin No.2 of 2017: Compliance with Ethics Pronouncements on Anti-Money Laundering And Countering The Financing of Terrorism (PDF, 260KB) (Updated on 3 Sep 2020)
• 28 March 2017 - Audit Practice Bulletin No. 1 of 2017: Section 56(1) of the Accountants Act - Practising or Holding out as a Public Accountant when one is not registered with ACRA (PDF, 580KB)

2016

• 17 October 2016 - Audit Practice Bulletin No. 3 of 2016: Compliance with Continuing Professional Education Requirements for Renewal of Certificate of Registration by Public Accountants (PDF, 580KB) 
• 2 August 2016 - Audit Practice Bulletin No. 2 of 2016:  The Enhanced Auditor Reporting Standards: Communicating Key Audit Matters and Addressing Going Concern in "Close-Call" Situations (PDF, 496KB)
• 15 June 2016 – Audit Practice Bulletin No.1 of 2016: Identifying, Assessing and Responding to Risks of Material Misstatement in the Financial Statement (PDF, 436KB)

2015

• 15 December 2015 – Audit Practice Bulletin No. 1 of 2015: Audits of Group Financial Statements (including the work of component auditors) (PDF, 489KB)

2014

• 21 October 2014 – Audit Practice Bulletin No. 1 of 2014: Compliance with Continuing Professional Education Requirements for Renewal of Certificate of Registration by Public Accountants (PDF, 486KB)

2013

• 10 April 2013 – Audit Practice Bulletin No. 2 of 2013: Auditor Independence – Serving as an Officer or Director on the Board of Assurance Clients (PDF, 484KB)
• 31 January 2013 – Audit Practice Bulletin No. 1 of 2013: Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements (Part 4) – (A) Engagement Performance and (B) Monitoring (PDF, 567KB)

2012

• 3 December 2012 – Audit Practice Bulletin No. 3 of 2012: Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements (Part 3) – Human Resources (PDF, 341KB)
• 18 September 2012 - Audit Practice Bulletin No. 2 of 2012: Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements (Part 2) - (A) Relevant Ethical Requirements and (B) Acceptance and Continuance of Client Relationships and Specific Engagements (PDF, 429KB)
• 13 August 2012 – Audit Practice Bulletin No. 1 of 2012: Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements (Part 1) - Leadership Responsibilities for Quality within the Firm (PDF, 338KB)

2011

• 13 December 2011 - Audit Practice Bulletin No. 2 of 2011: Audit considerations in an uncertain economic environment (PDF, 504KB)
• 16 September 2011 – Audit Practice Bulletin No. 1 of 2011: Engagement Quality Control Review (PDF, 240kB)

2010

• 30 November 2010 - Audit Practice Bulletin No. 2 of 2010: Impairment of Non-Financial Assets (PDF, 167KB)
• 3 May 2010 – Audit Practice Bulletin No. 1 of 2010: External confirmations (PDF, 246KB)

2009

• 16 March 2009 – Audit Practice Bulletin No. 1 of 2009: Audit considerations in the current economic environment (PDF, 96KB)