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 non-assurance 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 Arrival, Registration and Networking

9.00 am - 9.10 am Welcome Address for ISCA Ethics Forum Mr Gerard Ee President, ISCA

9.10 am - 9.45 am Ethics - Future Expectations and the IESBA's Response

Mr James Sylph Recently Retired Executive Director, Professional Standards & External

Relations, International Federation of

Accountants 9.45 am - 10.15 am Ethics - Singapore's Perspective Mr Kwok Wui San

Partner, PricewaterhouseCoopers LLP 10.15 am - 10.45 am Tea Break

10.45 am - 11.15 am Auditor Independence: The Debate Continues…..

Mrs Ruth Picker Asia Pacific Risk Management Leader,

Ernst & Young LLP, Australia 11.15 am - 11.45 am Ethical Dilemma: Commercial Pressure

Versus Professional Integrity Mrs Chng Sok Hui Chief Financial Officer, DBS Group

11.45 am - 12.30 pm Panel Discussion: Putting it all Together- Laying the Foundation to Enhance Confidence in the Profession

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 Arrival, Registration and Networking

2.00 pm - 2.10 pm Welcome address for ISCA Integrated Reporting Forum

Dr Ernest Kan Chairman, ISCA Integrated Reporting Steering

Committee and Chief-of-Operations

(Clients and Markets), Deloitte &

Touche LLP 2.10 pm - 2.40 pm Why has Integrated Reporting Caught on: A

Trip Around the World Ms Helen Brand OBE Chief Executive, ACCA

2.40 pm - 3.05 pm Integrated Reporting: It's Taking Shape! 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 Perception Versus Reality: How Big is the

Gap? Mr Chen Voon Hoe Partner, PricewaterhouseCoopers LLP

3.50 pm - 4.20 pm Tea Break

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 Director – Group Sustainability, CLP Power Hong Kong Limited

4.50 pm - 5.10 pm Building the Infrastructure to Seize Opportunities for <IR>: Survey findings and insights

Professor Ho Yew Kee Head of Department, Department of Accounting, NUS Business School,

National University of Singapore 5.10 pm - 6.00 pm Panel Discussion:

Shaping An Integrated Future Together Dr Jeanne Ng Chi Yun 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 5.0

Others 1.5

Time Programme Speaker 7.30 am - 8.30 am Arrival, Registration and Networking

8.30 am - 8.40 am Welcome Address for ISCA Accounting Conference

Mr Gerard Ee President, ISCA

8.40 am - 9.00 am Keynote Address by Guest-of-Honour for Singapore Accountancy Convention 2014

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 Forging Ahead: Steering Singapore Towards Accounting Excellence

Mr Michael Lim Chairman, Singapore Accountancy

Commission, and Chairman, Singapore

Accounting Standards Council

9.25 am - 10.15 am Standards Development: Opening a New Chapter and Staying Ahead of the Curve. How can ASEAN be Written Into the Chapter?

Mr Hans Hoogervorst Chairman, International Accounting Standards Board

Looking Beyond the Horizon: Future Developments in IFRS

10.15 am - 10.45 am Tea Break

10.45 am - 11.25 am The Bedrock to Standards Development: Is Conceptual Framework the Answer?

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

11.25 am - 11.35 am Insights from the SMU-ISCA Survey on the Conceptual Framework Project

Dr Kevin Ow Yong 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 Series of Consolidation Standards: Another Wave of Challenges?

Mr Shariq Barmaky Deputy Chair, ISCA Auditing and

Assurance Standards Committee and Partner, Deloitte & Touche LLP

2.00 pm - 2.50 pm 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?

Dr Barry Jay Epstein Lead Co-Author of Wiley Accounting

Publications, Expert Witness and

Litigation Consultant, Financial

Reporting Expert in IFRS and US GAAP

2.50 pm - 3.15 pm Tea Break

3.15 pm - 3.45 pm 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

Dr Barry Jay Epstein Lead Co-Author of Wiley Accounting Publications, Expert Witness and

Litigation Consultant, Financial

Reporting Expert in IFRS and US GAAP

3.45 pm - 4.15 pm Fair Value Measurement in the Corporate World: How is "Fair Value" Fair?

Mr Ralph Nach Co-Author of Wiley Accounting

Publications, Consulting Expert and

Technical Advisor on Litigation and Financial Forensics

4.15 pm - 5.15 pm Panel Discussion: Reporting the Substance of Transactions in an Increasingly Complex Business World: Do These Standards Achieve Their Purpose? Communication with Investors: Value, Relevance and Frequency

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 Jeann Low 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 thought-

provoking event.

Category CPE Hours Category 3 3.0

Others 3.0

Time Programme Speaker

8.00 am - 9.00 am Arrival, Registration and Networking

9.00 am - 9.10 am Welcome Address for ISCA Auditing and Assurance Conference

Mr Lee Fook Chiew Chief Executive Officer, ISCA

9.10 am - 9.25 am Keynote Address by Guest-of-Honour for ISCA Auditing and Assurance Conference

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 The Business of Lending Assurance: Why Should The Profession Evolve?

Professor Arnold Schilder Chairman, International Auditing and

Assurance Standards Board

10.00 am - 10.30 am Tea Break

10.30 am - 11.10 am Presentation of Enhanced Auditor's Reporting Survey Results

Professor Ho Yew Kee Head of Department, Department of Accounting, NUS Business School,

National University of Singapore

Enhanced Auditor's Report - Are We Ready for the Change?

Mr Yeoh Oon Jin Chairman, ISCA Auditing and Assurance

Standards Committee and Executive Chairman, PricewaterhouseCoopers LLP,

Singapore

11.10 am - 11.55 am The Future of Audit: Are Radical Changes Required for the Profession to Stay Relevant?

Mr Robert Hodgkinson Executive Director, Technical, The

Institute of Chartered Accountants in

England and Wales 11.55 am - 12.45 pm Panel Discussion:

Keeping it Safe Versus Exploring New Frontiers: The Constant Dilemma to Stay Relevant

Professor Arnold Schilder 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 Quality Control Revisited: A

Worthwhile Investment Ms Julia Tay Deputy Chief Executive, Accounting and

Corporate Regulatory Authority 2.20 pm - 3.05 pm Fraud Risk Management : Key Lessons

from Past Cases Dr Barry Jay Epstein Lead Co-Author of Wiley Accounting

Publications, Expert Witness and Litigation Consultant, Financial

Reporting Expert in IFRS and US GAAP 3.05 pm - 3.30 pm Auditors Taking the Stand: The First

Line of Defence Mr Sajjad Akhtar Managing Partner, PKF-CAP LLP and

Chairman, PKF International Limited 3.30 pm - 4.00 pm Tea Break

4.00 pm - 4.45 pm Professional Skepticism: An Essential Attitude

Mr Ralph Nach Co-Author of Wiley Accounting

Publications, Consulting Expert and

Technical Advisor on Litigation and

Financial Forensics 4.45 pm - 5.30 pm Panel Discussion:

Driving Quality from the Top: Are Auditing Firms Doing Enough and What is Enough?

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 Programme

6.30 pm 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