SUBSCRIBERS
Acra getting more teeth to deal with reporting breaches
It will be able to bring the courts to bear on firms with financial reporting errors and force them to make corrections
Published Wed, Jan 11, 2017 · 09:50 PM
Singapore
Companies which commit less serious breaches will be asked to restate the comparative figures, or include or improve the disclosures in the following year's financial statements.
If they fail to do so, they will be publicly named and shamed and their directors held accountable.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
SocGen Q1 profit slumps less than expected as investment bank surprises
Wall Street Journal moves Asia headquarters from Hong Kong to Singapore
Macquarie sees biggest profit dip in 15 years on commodities downturn
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct