The Business Times

Audit

Singapore

Possible overpayments, irregularities flagged in latest Auditor-General report

The auditors noted the presence of material uncertainties that could cast significant doubt on the ability of the Singapore Institute of Advanced Medical Holdings (SIAMH) to continue as going concerns to stay afloat In a report dated Dec 9.
Companies & Markets

Singapore Institute of Advanced Medicine flagged over uncertainties about staying afloat

The Anti-Money Laundering Audit Peer Group aims to promote engagement with the Monetary Authority of Singapore and the wider audit community on key AML/CFT risk areas.
Companies & Markets

ABS partnership outlines best practices for anti-money laundering audits in banks

The new code is being rolled out after the collapse of builder Carillion, retailer BHS, energy group Bulb, Patisserie Valerie and other high-profile corporate failures, which prompted government-backed reviews that recommended root-and-branch reform of auditing and corporate governance
International

Internal auditors urged to adopt new UK code to win back trust

PwC is among the big firms trying to kill the rule at the eleventh hour in a move that has raised eyebrows among some investor groups.
Opinion & Features

Audit quality fight turns nasty

FILE PHOTO: PwC sign is seen in the lobby of their offices in Barangaroo, Australia June 22, 2023. REUTERS/Lewis Jackson/File Photo
International

PwC fined US$19 million over LCF audit failures

KPMG says United Holdings and its directors has potentially breached several listing rules involving the group's proposed acquisition announced in 2017, among others.
Companies & Markets

United Food special audit uncovers ‘unusual’ cash transactions, potential listing rule breaches

Lapses found in procurement and contract manager led to overpayments by the National Parks Board and Ministry of Education (pictured).
Singapore

Possible overpayments, weakness in controls among lapses flagged by Auditor-General

A PWC corporate logo hangs on the side of a building housing the company's Shanghai office in Shanghai, China, on Saturday, Jan. 28, 2022. Photographer: Qilai Shen/Bloomberg
Companies & Markets

China weighs record fine for PwC over Evergrande auditing work

KPMG's is retiring as Cordlife's external auditor as it says it is not able to obtain “sufficient appropriate audit evidence” to provide a basis for an audit opinion on several areas.
Companies & Markets

Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials

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