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Internal audit's role to be under more scrutiny, enhanced

Board's role overseeing adequacy and effectiveness of risk management and internal controls will also be enhanced under new structure.

SINGAPORE'S Code of Corporate Governance, last revised in 2012, will soon be updated to reflect the rapidly changing business landscape.

A first glance at the proposed revised Code may suggest that the role of internal audit is diminished. To start, Principle 13 of the current Code on

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