Singapore audit reform stresses need for UK action, IIA warns
Recent changes to rules surrounding audit in Singapore have highlighted why action on audit reform in the UK is crucial, the CEO of the Chartered Institute of Internal Auditors has warned.
CEO John Wood said reform of the UK’s audit sector was necessary to protect the UK’s leading reputation in corporate governance.
The Singapore stock exchange has tightened its requirements for listed company auditors in the wake of a series of accounting scandals.
Singapore’s regulatory unit said all primary-listed issuers must appoint an auditor registered with Singapore’s Accounting and Corporate Regulatory Authority to conduct their statutory audits.
The Straits Times
Small arts groups can tap $4m stART Fund by NAC and private sector
Minister for Culture, Community and Youth Edwin Tong speaks at The Sustain the Arts (stART) Fund launch at Victoria Theatre on Jan 13, 2021.ST PHOTO: CHONG JUN LIANG
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The Straits Times
Fund to foster arts patronage raises $4m for small arts groups
(From left) National Arts Council chair Goh Swee Chen, Dymon Asia Capital founding partner Danny Yong, Minister for Culture, Community and Youth Edwin Tong and Sustain the Arts Fund committee member Lee Suan Hiang at the fund s launch at the Victoria Theatre yesterday. Mr Yong pledged $1 million to the initiative.ST PHOTO: CHONG JUN LIANG
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<p><span>Singapore Exchange Regulation (SGX RegCo) will enhance requirements on auditors and valuers in their dealings with listed companies, and standards governing valuation reports. </span></p>