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Challenges of the new quarterly reporting regime

SGX needs to be watchful of companies doing "auditor shopping" to get an unmodified opinion.

SGX RegCo now imposes QR on companies that are already known to have high risk, based on historical information - an "ex post" approach.

ON JAN 9, 2020, Singapore Exchange Regulation (SGX RegCo) announced that it will only require companies associated with higher risks to report quarterly results. It sees this risk-based approach as being more targeted and less arbitrary than the size-based approach that has been in operation...

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