How to Use This Guide

viii 5. External Audit This section examines the AC’s role in relation to the external audit activity, and how it should engage and evaluate the external auditor. The external audit profession, the concept of the external auditor’s independence, the enhanced auditor’s report and ACRA’s Audit Quality Indicators Disclosure Framework are also covered. 6. Financial Reporting This section sets out the AC’s responsibilities with regard to financial reporting, and related matters. It describes the financial reporting framework that applies to Singapore-listed companies, and discusses matters such as accounting policies, estimates and judgements, and ACRA’s Financial Reporting Surveillance Programme. 7. Disclosure Requirements This section lists the key disclosures relevant to the AC’s work as required by the Companies Act, SGX-ST Listing Rules, and the Code of Corporate Governance.