Singapore auditing standards

What are the ethical requirements for auditing in Singapore?

The relevant ethical requirements that apply to the audit comprise the Accounting and Corporate Regulatory Authority (ACRA) Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities (ACRA Code) together with the ethical requirements relating to the audit in Singapore, and the auditor refers to both

What are the international standards on Auditing?

the International Standards on Auditing issued by the International Federation of Accountants specified in the Second Schedule; or where public accountancy services are provided to any other entity — the Singapore Standards on Auditing issued by the Institute of Singapore Chartered Accountants specified in the First Schedule

What is the Singapore Standard on Auditing (SSA)?

This Singapore Standard on Auditing (SSA) deals with the auditor’s responsibility to prepare audit documentation for an audit of financial statements

The Appendix lists other SSAs that contain specific documentation requirements and guidance

The specific documentation requirements of other SSAs do not limit the application of this SSA

×The Singapore Standards on Auditing (SSA) is a best practice guide issued by the Institute of Singapore Chartered Accountants (ISCA) that spells out the standards for auditors to adapt into their audit workflows and to ensure the maintenance of high audit quality. Audits are subject to regulation in Singapore and the Accounting and Corporate Regulatory Authority (ACRA) serves as the main regulatory body that monitors the audit quality in Singapore. The SSA is based on the International Standards on Auditing (ISA) issued by the International Auditing and Assurance Standards Board (IAASB) with minor modifications to reflect local legal requirements where appropriate. The Institute of Singapore Chartered Accountants (ISCA) through its Auditing and Assurance Standards Committee (AASC) is responsible for setting auditing standards in Singapore. The SSA has seven series starting from 200 to 800.