This webinar will consist of two sections as follows:
- Updates on Changes in Code of Ethics (EP 100):
- Revised definitions of public interest entities and additional disclosure of auditor’s independence in auditing financial statements of public interest entities (Public Interest Entities – Final Pronouncement)
- New guidelines relating to the mindset and behaviour of professional accountants when using technology (Technology – Final Pronouncement)
- Updates of Selected FRSs:
- Amendments to FRS 21 – Lack Exchangeability, effective 1 January 2025
- Amendments to FRS 7/FRS 107 – Supplier Finance Arrangements,
- Amendments to FRS 1 – Classification of liabilities as current or non-current, effective 1 January 2024
- Amendments to FRS 116 – Lease Liability in a Sale and Leaseback, effective 1 January 2024