ACRA launches framework to improve quality of financial reporting in Singapore

Singapore

THE Accounting and Corporate Regulatory Authority (ACRA) on Wednesday introduced an Audit Quality Indicators (AQIs) Disclosure Framework which marks the first time the big four audit firms have collectively agreed to provide audit committees of listed companies with a set of comparable indicators on the auditors' ability and commitment to deliver quality audits.

This, said ACRA, is crucial in helping audit committees better evaluate and select the right auditors.