Audit
Possible overpayments, irregularities flagged in latest Auditor-General report
It notes EDB and MPA have lapses in contract management and procurement, while PUB has anomalies in records
Singapore Institute of Advanced Medicine flagged over uncertainties about staying afloat
External auditors note the presence of material uncertainties that could cast significant doubt on its ability to continue as a going concern
ABS partnership outlines best practices for anti-money laundering audits in banks
The paper provides bank internal auditors, as well as external auditors working with banks, a common framework to formulate and execute audits.
Internal auditors urged to adopt new UK code to win back trust
BUSINESSES in Britain are being urged to adopt a new code for internal auditors to boost corporate governance and restore trust after a string of accounting scandals raised questions about accountants...
PwC fined US$19 million over LCF audit failures
Britain’s financial regulator fined audit firm PwC US$19.3 million on Friday (Aug 16) for failing to alert the watchdog that London Capital & Finance (LCF) might be involved in fraudulent activity ahe...
United Food special audit uncovers ‘unusual’ cash transactions, potential listing rule breaches
This came after the company’s external auditors issued a disclaimer of audit opinion on its financial statements for FY2020 and FY2021.
Possible overpayments, weakness in controls among lapses flagged by Auditor-General
Lapses in valuations and payments for work orders possibly led to an overpayment of S$1.9 million to NParks’ contractors
China weighs record fine for PwC over Evergrande auditing work
CHINA is poised to impose a record fine on PricewaterhouseCoopers (PwC) and suspend some of the global auditor’s local operations over its role in one of the nation’s biggest alleged financial fraud c...
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
KPMG also addresses uncertainties in providing an audit opinion on the cord-blood bank’s refunds and claims
