You are here

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.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to