Rising percentage of listed firms fail to get 'clean' audit opinions
Acra blames trend among Singapore-incorporated listed firms on preparers and directors' lack of deep knowledge
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MORE Singapore-incorporated listed firms are receiving tainted audit opinions, a trend which the Accounting and Corporate Regulatory Authority (Acra) described as "unhealthy".
Acra said the number of firms that failed to receive "clean" audit opinions has risen from 6 per cent for 2016 financial statements, to 9 per cent for 2018 financial statements.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
