Acra tells PwC to ensure independence in SingPost special audit: SIAS
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE Accounting and Corporate Regulatory Authority (Acra) has told consultancy PricewaterhouseCoopers (PwC) that it must put in place "any necessary safeguards" to ensure PwC's independence as Singapore Post's special auditor, according to a statement on Thursday from the Securities Investors Association (Singapore).
Acra will also "take the necessary regulatory action if the requirements of the Acra Code are not met", SIAS said.
In view of that, "SIAS calls on all parties concerned to allow PwC to conduct the special audit, knowing that PwC will maintain its independence in strict compliance with the Acra Code", the association added.
PwC, which was named SingPost's special auditor in January, has been the group's external auditor since SingPost's listing in 2003.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
