You are here

Audit not a substitute for good corporate governance

Management is still primarily responsible for maintaining proper financial records and preparations of the financial statements. BY TITUS KUAN AND ANG SOON LII

BT_20160108_AKAUDIT_2055939.jpg
An audit is not meant to be a fraud investigation. However, an auditor is nonetheless required by the auditing standards to identify and assess the risk of material error in the financial statements as a result of fraud and any fraud risk.

RECENT high-profile cases of financial irregularities in certain non-profit organisations have once again turned the spotlight on the role of the auditor in such cases and how such matters can be prevented.

Non-profit organisations (NPO) such as charities, associations and religious

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom