30 July – 1 August | Marina Bay Sands

30 July – 1 August | Marina Bay Sands
ABOUT SINGAPORE ACCOUNTANCY CONVENTION
Singapore Accountancy Convention 2014: Staying Ahead of the Curve
Recognising that technical excellence is the hallmark of the Singapore Chartered Accountant,
the Singapore Accountancy Convention, organised by the Institute of Singapore Chartered
Accountants (ISCA), will host a series of forums and conferences designed to provide you with
information and empower you with the knowledge that will enable you to stay ahead of the
curve.
Objective
The Convention will bring to you the essence of relevant professional concerns, focusing on
the developments and issues that matter most to you, in the key disciplines of accounting,
auditing and assurance, ethics and integrated reporting.
Target Audience

Accounting and auditing professionals

Other stakeholders interested to acquire valuable insights into the areas of
accounting, auditing and assurance, integrated reporting and ethics

Senior representatives from international accountancy bodies, Big Four senior
partners, C-suite executives, and leaders from government agencies
PROGRAMME - 30 July 2014 (AM)
ISCA Ethics Forum 2014
“The Profession’s Commitment to Strengthen Public Confidence”
The Singapore Accountancy Convention kicks off with a session dedicated to the cornerstone of the
accounting profession - ethics. Professional accountants have to deal with many challenging ethical
issues regularly, from auditor independence matters such as audit firm rotation and provision of nonassurance services, to money laundering and ethical dilemmas in business. As a profession that serves
the public interest, it is imperative that professional accountants maintain the highest level of ethical
and professional standards.
The ISCA Ethics Forum focuses on some of the aforementioned ethical issues, and seeks to provide
practical solutions to ethical challenges faced in today’s financial climate.
Category
CPE Hours
Category 2
3.0
Time
Programme
Speaker
8.00 am - 9.00 am
9.00 am - 9.10 am
Arrival, Registration and Networking
Welcome Address for ISCA Ethics Forum
Mr Gerard Ee
9.10 am - 9.45 am
Ethics - Future Expectations and the IESBA's
Response
Mr James Sylph
9.45 am - 10.15 am
Ethics - Singapore's Perspective
Mr Kwok Wui San
10.15 am - 10.45 am
10.45 am - 11.15 am
Tea Break
Auditor Independence: The Debate
Continues…..
President, ISCA
Recently Retired Executive Director,
Professional Standards & External
Relations, International Federation of
Accountants
Partner, PricewaterhouseCoopers LLP
11.15 am - 11.45 am
11.45 am - 12.30 pm
Ethical Dilemma: Commercial Pressure
Versus Professional Integrity
Panel Discussion:
Putting it all Together- Laying the
Foundation to Enhance Confidence in the
Profession
Mrs Ruth Picker
Asia Pacific Risk Management Leader,
Ernst & Young LLP, Australia
Mrs Chng Sok Hui
Chief Financial Officer, DBS Group
Mr James Sylph
Recently Retired Executive Director,
Professional Standards & External
Relations, International Federation of
Accountants
Mrs Ruth Picker
Asia Pacific Risk Management Leader,
Ernst & Young LLP, Australia
Mrs Chng Sok Hui
Chief Financial Officer, DBS Group
Mr Kwok Wui San
Partner,
PricewaterhouseCoopers LLP
12.30 pm
End
PROGRAMME - 30 July 2014 (PM)
ISCA Integrated Reporting Forum 2014
"Telling the Whole Story"
The recent conception of Integrated Reporting <IR> is fast gaining traction as the new norm for
communicating corporate financials and social responsibilities. With the release of the International
Integrated Reporting Framework in December 2013, coupled with the drive to transform Singapore into
an <IR> hub in South East Asia, <IR> will soon play a bigger role on the corporate reporting front both
globally and within the region.
Join distinguished speakers and panellists at the ISCA Integrated Reporting Forum as they discuss the
key trends and developments in <IR>. Get invaluable insights into the benefits and practical challenges
in implementing <IR>.
Category
CPE Hours
Others
3.5
Time
Programme
Speaker
1.00 pm - 2.00 pm
2.00 pm - 2.10 pm
Arrival, Registration and Networking
Welcome address for ISCA Integrated
Reporting Forum
Dr Ernest Kan
2.10 pm - 2.40 pm
2.40 pm - 3.05 pm
Why has Integrated Reporting Caught on: A
Trip Around the World
Integrated Reporting: It's Taking Shape!
Chairman,
ISCA Integrated Reporting Steering
Committee and Chief-of-Operations
(Clients and Markets), Deloitte &
Touche LLP
Ms Helen Brand OBE
Chief Executive, ACCA
Mr Jonathan Labrey
Policy and Strategy Director,
International Integrated Reporting
Council
3.05 pm - 3.25 pm
Does Better Disclosure in <IR> Increase
Corporate Valuation?
Co-presented by:
Professor Gillian Yeo
Associate Dean, College of Business
(Nanyang Business School)
Associate Professor
Lee Kin Wai
Associate Professor (Practice), Division
of Accounting, College of Business
(Nanyang Business School)
3.25 pm - 3.50 pm
3.50 pm - 4.20 pm
Perception Versus Reality: How Big is the
Gap?
Tea Break
Mr Chen Voon Hoe
Partner, PricewaterhouseCoopers LLP
Time
Programme
Speaker
4.20 pm - 4.50 pm
One Company's Story: Taking the First Step
and Overcoming Challenges
Dr Jeanne Ng Chi Yun
Building the Infrastructure to Seize
Opportunities for <IR>: Survey findings and
insights
Professor Ho Yew Kee
Panel Discussion:
Shaping An Integrated Future Together
Dr Jeanne Ng Chi Yun
4.50 pm - 5.10 pm
5.10 pm - 6.00 pm
Director – Group Sustainability, CLP
Power Hong Kong Limited
Head of Department, Department of
Accounting, NUS Business School,
National University of Singapore
Director – Group Sustainability, CLP
Power Hong Kong Limited
Mr Jonathan Labrey
Policy and Strategy Director,
International Integrated Reporting
Council
Mr Chen Voon Hoe
Partner, PricewaterhouseCoopers LLP
Professor Ho Yew Kee
Head of Department, Department of
Accounting, NUS Business School,
National University of Singapore
6.00 pm
End
PROGRAMME - 31 July 2014
ISCA Accounting Conference 2014
"Writing a New Chapter"
The leading conference in the three-day Convention, the ISCA Accounting Conference sets to keep you
abreast of the latest accounting developments and issues impacting the profession internationally and
in this region. With the remaining major IFRS projects reaching a close, it comes as an opportune time
for the profession to take stock of the significant milestones achieved on the financial reporting front
and look beyond the horizon in charting the path towards the future of financial reporting.
Speakers and panellists at the ISCA Accounting Conference will engage the audience in exploring the
new chapter in standards development to ensure the profession stays ahead of the curve in today’s
dynamic business environment. The ISCA Accounting Conference also delves deeply into technical
accounting issues and topics close to the hearts of accountants which includes Revenue Recognition,
Leases, Financial Instruments, Fair Value Measurement and Consolidation.
Category
CPE Hours
Category 1
Others
5.0
1.5
Time
Programme
7.30 am - 8.30 am
8.30 am - 8.40 am
Arrival, Registration and Networking
Welcome Address for ISCA Accounting
Conference
Keynote Address by Guest-of-Honour for
Singapore Accountancy Convention 2014
8.40 am - 9.00 am
Speaker
Mr Gerard Ee
President, ISCA
Mr Teo Ser Luck
ISCA Advisor and Minister of State for
Trade and Industry
Bold Steps Forward: Accountants Taking Stock and Charting Their Path for the Future
9.00 am - 9.25 am
9.25 am - 10.15 am
10.15 am - 10.45 am
10.45 am - 11.25 am
11.25 am - 11.35 am
Forging Ahead: Steering Singapore Towards
Accounting Excellence
Mr Michael Lim
Standards Development: Opening a New
Chapter and Staying Ahead of the Curve.
How can ASEAN be Written Into the
Chapter?
Looking Beyond the Horizon: Future
Developments in IFRS
Tea Break
The Bedrock to Standards Development: Is
Conceptual Framework the Answer?
Mr Hans Hoogervorst
Insights from the SMU-ISCA Survey on the
Conceptual Framework Project
Dr Kevin Ow Yong
Chairman, Singapore Accountancy
Commission, and Chairman, Singapore
Accounting Standards Council
Chairman, International Accounting
Standards Board
Professor Katherine Schipper
Thomas F. Keller Professor of Business
Administration, Fuqua School of
Business, Duke University, and Member
of Singapore Management University,
School of Accountancy Research (SOAR)
Advisory Board
Assistant Professor of Accounting,
Singapore Management University
11.35 am - 12.20 pm
Panel Discussion:
Chapter in the Making: Will the New
Chapter Lead to Improvement in Financial
Reporting?
Mr Hans Hoogervorst
Chairman, International Accounting
Standards Board
Ms Helen Brand OBE
Chief Executive, ACCA
Professor Katherine Schipper
Thomas F. Keller Professor of Business
Administration, Fuqua School of
Business, Duke University, and Member
of Singapore Management University,
School of Accountancy Research (SOAR)
Advisory Board
Mr Robert Hodgkinson
Executive Director, Technical, The
Institute of Chartered Accountants in
England and Wales
Mr Tham Sai Choy
Chairman, KPMG Asia Pacific and
Managing Partner, KPMG in Singapore
12.20 pm - 1.30 pm
Lunch
Addressing Complexities of the Business World: Taking the Bull by its Horns
1.30 pm – 2.00 pm
2.00 pm - 2.50 pm
2.50 pm - 3.15 pm
3.15 pm - 3.45 pm
3.45 pm - 4.15 pm
4.15 pm - 5.15 pm
Series of Consolidation Standards: Another
Wave of Challenges?
Mr Shariq Barmaky
The Last Few Laps to Being Truly Global:
The Remaining Convergence Projects
− The New Revenue Recognition Standard:
What Does It Mean For Businesses and
Their Bottomline
− Leases: Will There Ever be a Meeting of
Minds?
Tea Break
The Last Few Laps to Being Truly Global:
The Remaining Convergence Projects
(continued)
− Financial Instruments: The move to IFRS
9: A Step in the Right Direction
Fair Value Measurement in the Corporate
World: How is "Fair Value" Fair?
Dr Barry Jay Epstein
Panel Discussion:
Reporting the Substance of Transactions in
an Increasingly Complex Business World: Do
These Standards Achieve Their Purpose?
Dr Barry Jay Epstein
Communication with Investors: Value,
Relevance and Frequency
Ms Jeann Low
Deputy Chair, ISCA Auditing and
Assurance Standards Committee and
Partner, Deloitte & Touche LLP
Lead Co-Author of Wiley Accounting
Publications, Expert Witness and
Litigation Consultant, Financial
Reporting Expert in IFRS and US GAAP
Dr Barry Jay Epstein
Lead Co-Author of Wiley Accounting
Publications, Expert Witness and
Litigation Consultant, Financial
Reporting Expert in IFRS and US GAAP
Mr Ralph Nach
Co-Author of Wiley Accounting
Publications, Consulting Expert and
Technical Advisor on Litigation and
Financial Forensics
Lead Co-Author of Wiley Accounting
Publications, Expert Witness and
Litigation Consultant, Financial
Reporting Expert in IFRS and US GAAP
Group Chief Financial Officer, SingTel
Ms Kok Moi Lre
Partner, PricewaterhouseCoopers LLP
Mr Ralph Nach
Co-Author of Wiley Accounting
Publications, Consulting Expert and
Technical Advisor on Litigation and
Financial Forensics
Ms Zann Lim
Chief Financial Officer, Haw Par
Corporation Limited
5.15 pm
End
PROGRAMME - 1 August 2014
ISCA Auditing and Assurance Conference 2014 –
“Staying Relevant while Rooted in Quality”
In light of the recent global financial crisis and uncertain financial climate ahead, the role and
effectiveness of the auditing profession have been called into question. Having once been regarded as
a strong element of the financial reporting supply chain, serious doubts have now been raised over the
relevance of the auditing profession in the dynamic global business environment today. What does the
auditing profession have to do to stay relevant? As the auditing profession continues to grapple with
challenges along its path, the importance of audit quality cannot be overemphasised. Quality matters
as the auditing profession seeks to uphold public confidence.
Join the Chair of the International Auditing and Assurance Standards Board and other leading speakers
at the ISCA Auditing and Assurance Conference as they delve into the evolving role of the auditing
profession to stay relevant and explore the realm of audit quality in this exciting and thoughtprovoking event.
Category
CPE Hours
Category 3
Others
3.0
3.0
Time
Programme
8.00 am - 9.00 am
9.00 am - 9.10 am
Arrival, Registration and Networking
Welcome Address for ISCA Auditing
and Assurance Conference
Keynote Address by Guest-of-Honour
for ISCA Auditing and Assurance
Conference
9.10 am - 9.25 am
Speaker
Mr Lee Fook Chiew
Chief Executive Officer, ISCA
Mr Kenneth Yap
Chief Executive, Accounting and
Corporate Regulatory Authority
Staying on the Cutting Edge: The Road Ahead for the Auditing Profession
9.25 am - 10.00 am
10.00 am - 10.30 am
10.30 am - 11.10 am
The Business of Lending Assurance:
Why Should The Profession Evolve?
Tea Break
Presentation of Enhanced Auditor's
Reporting Survey Results
Enhanced Auditor's Report - Are We
Ready for the Change?
Professor Arnold Schilder
Chairman, International Auditing and
Assurance Standards Board
Professor Ho Yew Kee
Head of Department, Department of
Accounting, NUS Business School,
National University of Singapore
Mr Yeoh Oon Jin
Chairman, ISCA Auditing and Assurance
Standards Committee and Executive
Chairman, PricewaterhouseCoopers LLP,
Singapore
11.10 am - 11.55 am
11.55 am - 12.45 pm
The Future of Audit: Are Radical
Changes Required for the Profession to
Stay Relevant?
Mr Robert Hodgkinson
Panel Discussion:
Keeping it Safe Versus Exploring New
Frontiers: The Constant Dilemma to
Stay Relevant
Professor Arnold Schilder
Executive Director, Technical, The
Institute of Chartered Accountants in
England and Wales
Chairman, International Auditing and
Assurance Standards Board
Mr Yeoh Oon Jin
Chairman, ISCA Auditing and Assurance
Standards Committee and Executive
Chairman, PricewaterhouseCoopers LLP,
Singapore
Mr Robert Hodgkinson
Executive Director, Technical, The
Institute of Chartered Accountants in
England and Wales
Mr Shariq Barmaky
Deputy Chair, ISCA Auditing and
Assurance Standards Committee and
Partner, Deloitte & Touche LLP
12.45 pm - 2.00 pm
Lunch
Quality Counts: Scaling New Heights
2.00 pm - 2.20 pm
2.20 pm - 3.05 pm
3.05 pm - 3.30 pm
3.30 pm - 4.00 pm
4.00 pm - 4.45 pm
4.45 pm - 5.30 pm
Quality Control Revisited: A
Worthwhile Investment
Ms Julia Tay
Fraud Risk Management : Key Lessons
from Past Cases
Dr Barry Jay Epstein
Auditors Taking the Stand: The First
Line of Defence
Mr Sajjad Akhtar
Tea Break
Professional Skepticism: An Essential
Attitude
Panel Discussion:
Driving Quality from the Top: Are
Auditing Firms Doing Enough and What
is Enough?
Deputy Chief Executive, Accounting and
Corporate Regulatory Authority
Lead Co-Author of Wiley Accounting
Publications, Expert Witness and
Litigation Consultant, Financial
Reporting Expert in IFRS and US GAAP
Managing Partner, PKF-CAP LLP and
Chairman, PKF International Limited
Mr Ralph Nach
Co-Author of Wiley Accounting
Publications, Consulting Expert and
Technical Advisor on Litigation and
Financial Forensics
Dr Barry Jay Epstein
Lead Co-Author of Wiley Accounting
Publications, Expert Witness and
Litigation Consultant, Financial
Reporting Expert in IFRS and US GAAP
Ms Julia Tay
Deputy Chief Executive, Accounting and
Corporate Regulatory Authority
Mr Ralph Nach
Co-Author of Wiley Accounting
Publications, Consulting Expert and
Technical Advisor on Litigation and
Financial Forensics
Mr Sajjad Akhtar
Managing Partner, PKF-CAP LLP and
Chairman, PKF International Limited
5.30 pm
End
Singapore Accountancy Awards 2014
Celebrating Excellence in Accountancy
31 July 2014 | 6.30 pm – 10.00 pm
Held in conjunction with the Singapore Accountancy Convention 2014, the inaugural Singapore
Accountancy Awards (SAA) recognises outstanding practices and individuals in the profession.
Supported by the Accounting and Corporate Regulatory Authority (ACRA) and the Singapore
Accountancy Commission (SAC), the SAA is the first of its kind within the local accountancy
sector and is intended as a platform to recognise business and individual excellence, promote
good practices, and strengthen branding of the profession and industry. Themed Celebrating
Excellence in Accountancy”, the SAA comprises two main categories, Business Excellence
Awards and Individual Excellence Awards.
Time
6.30 pm
Programme
Arrival of Guests
Registration, Cocktail and Networking
Guests to be seated
Opening Entertainment
Welcome Speech by Mr Gerard Ee
ISCA President
Dinner Served
Arrival of Guest-of-Honour
Mrs Josephine Teo
Senior Minister of State for Finance & Transport
ISCA Award Presentation
Dinner Entertainment
Individual Excellence Awards Presentation
Business Excellence Awards Presentation
10.00 pm
End