Back home, the much-publicised failures of businesses from California Fitness to Noble Group and Hyflux have similarly drawn auditors flak from shareholders and the public seeking someone to blame, an obvious target particularly when the financial statements did not red flag the financial risks.
PHOTO: ST FILE
IT was the age of wisdom, it was the age of incredulity.
Blazing yellow sun. Lapping blue waves. Tanned beach bods and a palm tree's silhouette swaying against an orange sky. Once ubiquitous, the California Fitness logo that hints at its fabulous lifestyle offering has vanished from...