Audit Practice Bulletins

2020

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

2018

• 14 December 2018 – Audit Practice Bulletin No. 3 of 2018:  Discussion of Past Disciplinary Cases against Public Accountants [PDF, 660 KB]

• 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, 354 KB] (Updated on 1 July 2023)

• 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, 598 KB]

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 (Revoked on 1 July 2023)

• 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, 579 KB]

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, 189 KB]

• 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, 604 KB]

• 15 June 2016 – Audit Practice Bulletin No.1 of 2016: Identifying, Assessing and Responding to Risks of Material Misstatement in the Financial Statement [PDF, 437 KB]

2015

15 December 2015 – Audit Practice Bulletin No. 1 of 2015: Audits of Group Financial Statements (including the work of component auditors) [PDF, 522 KB]

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, 192 KB]

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, 204 KB] (PDF, 150KB)

• 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, 340 KB] (PDF, 279KB)

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, 149 KB]

• 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, 194 KB]

• 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, 146 KB]

2011

• 13 December 2011 - Audit Practice Bulletin No. 2 of 2011: Audit considerations in an uncertain economic environment [PDF, 501 KB]

• 16 September 2011 – Audit Practice Bulletin No. 1 of 2011: Engagement Quality Control Review [PDF, 241 KB]

2010

• 30 November 2010 - Audit Practice Bulletin No. 2 of 2010: Impairment of Non-Financial Assets [PDF, 168 KB]

• 3 May 2010 – Audit Practice Bulletin No. 1 of 2010: External confirmations [PDF, 242 KB]

2009

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