Joint special auditor for SingPost

Singapore

GIVING in to public pressure over its choice of its longstanding external auditor PricewaterhouseCoopers (PwC) as special auditor for its corporate governance probe, Singapore Post (SingPost) has decided to bring in a joint special auditor: law firm Drew & Napier.

While making no mention of the extra fees the move will incur, the postal and e-commerce group said in a Singapore Exchange (SGX) filing on Friday evening that Drew & Napier's "scope of work and detailed terms of reference" would be the same as PwC's for the special audit, which it now expects …