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Ethics Pronouncement (EP) 200 : Understanding the Requirements and the Recent Amendments

Expert Speaker Sardool Singh

$280.00 (including GST)

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Overview 

Ethics Pronouncement (EP) 200 provides the anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements and guidelines for professional accountants in Singapore. EP 200 is also adopted by the Accounting and Corporate Regulatory Authority (ACRA) and is applicable to public accountants and accounting entities registered under the Accountants Act who are regulated by ACRA.

Arising from the Financial Action Task Force (FATF) Mutual Evaluation Report of Singapore, amendments to EP 200 have been made to address the findings and provide clarity to existing requirements and guidelines. The amended EP 200 is effective 1 June 2017.

This programme is part of the Professional Skills Series, designed specifically for accountants and auditors who wish to have a practical understanding of the requirements of the amended EP 200.

Programme Outline

Scope of Ethics Pronouncement (EP) 200

Reporting and Tipping-Off

  • What is money laundering and examples of criminal offences
  • Reporting and Tipping-off
    • Knowledge and Suspicion
    • Procedures When Possible Money Laundering or Terrorist Financing is Discovered or Suspected
      • Suspicious transactions reporting- considerations for the professional accountant
      • Confidentiality, statutory immunity and legal privilege

Systems and Controls

  • Establishing Policies, Procedures and Controls
  • Risk-Based Approach
  • Group Policy

Customer Due Diligence and Records Keeping

  • What is Customer Due Diligence and Why it is Important

Reporting, Training, Compliance, Hiring and Audit

This workshop qualifies for 3.5 CPE hours in Ethics and Professionalism (Category 2).

Expert Speakers

Sardool Singh

Sardool is an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He has been lecturing for the past 20 years, and is a highly sought-after seminar leader in the areas of Financial Reporting Standards, Cash Flow Statements, Analysis of Financial Statements, Consolidation and other technical accounting topics. Sardool brings a commercial perspective to the understanding of complex Accounting Standards and simplifies the requirements of these Standards to enable the participants to have a clear understanding of the topic. Sardool is also the Chief Financial Officer of an investment company. Prior to his current appointment, he was the Group Financial Controller of a Singapore listed healthcare company. During his ten years in the healthcare industry, he was responsible for the entire Group financial functions and the IPOs of two subsidiaries on SESDAQ. He had also gained his working experience with KPMG Peat Marwick and a Japanese merchant bank.

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