ISCA Issues Conforming Amendments to the ISCA Singapore Standards Arising from Revisions to Ethics Codes

The conforming amendments resolve actual or perceived inconsistencies between the ISCA Singapore Standards and the revisions to the following Ethics codes:

a) Accounting and Corporate Regulatory Authority (ACRA) Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities (ACRA Code) issued on 26 February 2021; and

b) ISCA Code of Professional Conduct and Ethics (ISCA Code) issued on 14 August 2020.

The changes are editorial in nature or are changes limited to reflect existing obligations under the revised Ethics codes. They include:

• Proposed amendments to reflect structural changes to, and the applicability of, the ACRA Code and ISCA Code.

• Proposed amendments to align with terminology used in the ACRA Code and ISCA Code.

The conforming amendments are based on the conforming amendments to the IAASB International Standards as a result of the revised International Ethics Standards Board for Accountants’ (IESBA) International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code).

Click here for the summary of conforming amendments.

Effective Date

The conforming amendments would be effective as of 1 December 2021.