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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.

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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...