Deficiencies found in fair value measure: audit survey
Add BT as a preferred source
Singapore
SINGAPORE'S Accounting and Corporate Regulatory Authority (ACRA) on Monday raised an alert on "common and persistent deficiencies" relating to fair value measurements, internal control testing and revenue recognition among public company audits.
ACRA was referring to the latest global survey of audit inspections by the International Forum of Independent Audit Regulators (IFIAR) - which Singapore is a founding member of - that has found recurring and high levels of deficiencies in key areas of public company audits. The results of the third-annual survey were released in London on March 3.
TRENDING NOW
The billion-dollar question Singapore Airlines shareholders should ask at its AGM
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee
Malaysia’s Forest City family office push gains traction, but ecosystem gaps remain
