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Keith Tay should take leave of absence

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Published Wed, Jan 20, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SINGAPORE Post's (SingPost) appointment of PricewaterhouseCoopers (PwC) as the special auditor has raised serious concerns among stakeholders.

    SingPost has given the reasons for appointing PwC in its media interview. The board had advanced reasons for not selecting the other three big firms: KPMG because SingPost has already outsourced some internal, related audit work to it.

    As for Deloitte and EY, SingPost said one was the auditor for Stirling Coleman and the other was directly involved in providing due diligence for two of the three acquisitions the probe will focus on.

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