You are here

Scouring accounting footnotes to prevent tunnelling

Framework needed to tackle insiders' stealing of corporate wealth.

Companies that are red-flagged can be grouped in a separate category on the Singapore Exchange website to inform and educate the public about the potential risks.

IMAGINE that the S-chip (Singapore-listed China stocks) fraud with its "missing cash phenomenon" and the penny stock scandal never happened - because there was a way to prevent them.

While accounting information and disclosures may be abused to deceive, instead of being used to inform,...

Market voices on: