What the document covers
The PDF expressly limits its discussion to ongoing audits and inspections before July 2023. It explains the earlier Rule 10 standards framework, not an unrestricted current rule.
Specific requirements and implications
Singapore Standards on Auditing were available for all audits under the described framework. International Standards on Auditing were accepted for the specified cross-border cases: local entities listed overseas and foreign entities listed in Singapore. Non-compliance with prescribed standards could lead to failure of the practice review. The PDF expressly limits its coverage to ongoing audits and inspections conducted before 1 July 2023, so that temporal qualification belongs in any explanation.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
Read the official PDF ↗