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Acra getting more teeth to deal with reporting breaches

It will be able to bring the courts to bear on firms with financial reporting errors and force them to make corrections

Michelle Quah

Published Wed, Jan 11, 2017 · 09:50 PM

Singapore

Companies which commit less serious breaches will be asked to restate the comparative figures, or include or improve the disclosures in the following year's financial statements.

If they fail to do so, they will be publicly named and shamed and their directors held accountable.

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Companies & Markets

Companies & Markets

Acra getting more teeth to deal with reporting breaches

Michelle Quah

Companies & Markets

Air China to buy 100 locally made C919 jets in US$11 billion deal

HCA beats first-quarter profit estimates on higher patient admissions

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

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