Singapore

THE Institute of Singapore Chartered Accountants (ISCA) on Thursday unveiled a series of recommendations aimed at strengthening audit independence in relation to the provision of non-assurance services, a move that is welcomed by observers who say is a right step towards raising audit standards.

This comes as high independence standards are vital to maintain public confidence in audited financial information. But the provision of non-assurance services to audit clients have raised concerns over auditor independence in recent years, said ISCA in a press statement.