SGX RegCo urges audit committees of SPACs to carefully consider accounting treatment
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
AS the listing of SPACs or special purpose acquisition companies in Singapore is impending, the frontline market regulator urges audit committees of these companies to carefully determine the accounting treatment and presentation.
Singapore Exchange Regulation (SGX RegCo) chief executive officer Tan Boon Gin noted in his speech on Wednesday (Jan 12) at the ACRA-SGX-SID audit committee seminar that the listing of SPACs on SGX may present several novel accounting-related matters.
The seminar was organised by the Accounting and Corporate Regulatory Authority (ACRA), SGX and the Singapore Institute of Directors (SID).
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
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
