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S'pore firms take longer to close books: survey

Audit costs also higher; S'pore's role as regional HQ hub a possible reason

SINGAPORE companies take about one-and-a-half times longer to close annual and quarterly books and incur twice the audit costs compared to their global peers, according to a survey conducted by the Institute of Singapore Chartered Accountants (ISCA) and SAP for the accountancy sector.


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