SingPost taps PwC as special auditor, provoking more questions
Eyebrows raised at absence of RFP and in light of PwC's long relationship with the group as its external auditor
Singapore
NEARLY four weeks after announcing it would appoint a special auditor to investigate its corporate governance issues, Singapore Post has finally named its chosen firm: PricewaterhouseCoopers (PwC).
But questions are being asked about the decision, particularly about how it came to pass given PwC's known longstanding relationship with SingPost as its external auditor ever since the group listed on the Singapore Exchange (SGX) in 2003.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s CICC demotes senior bankers, cuts pay to slash costs
Paramount bidders await word from special committee evaluating options
Stocks to watch: Singtel, Venture Corp, ARA H-Trust, YHI International, LHN
Optus names National Broadband Network’s Stephen Rue as incoming chief
More than 90% of stablecoin transactions aren’t from real users, study finds
RBA to keep key rate at 12-year high as inflation stirs anew