The following engagements to perform assurance engagements other than audits or reviews of historical financial information is dealt under SSAE 3000.
project accounts – housing developers (project account) rules
The licensed housing developer is required to comply with the Housing Developers (Control & Licensing) Act. Under the Act, a licensed housing developer is required to open and maintain a Project Account for each building project undertaken and comply with the Housing Developers (Project Accounts) Rules. The audit report format can be found in Appendix 3 of AGS1.
money- changing and remittance business act (chapter 187)
License holders are required to submit the Statement of Transactions and Profit/Loss of the licensee for the year in respect of its money-changing and/or remittance business. The report is prepared solely to assist the Licensee in its submission of the Statement to MAS and in meeting the requirements of the Act and the Regulations only. The audit report format can be found in Appendix 3B of AGS1.
private lotteries permits (fruit machine/ tombola / lucky draw)
Ministry of Home Affairs for Society requires a club, an institution, an organisation or other association or body of persons engaged in the promotion or conduct of a private lottery, which includes fruit machines, lucky draw and tombola, to comply with the relevant legislation prescribed by regulations.
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