SINGAPORE: Singapore Exchange's regulatory unit will tighten requirements for listed company auditors and raise standards on valuation reports, introd.
Singapore Exchange Ltd. is tightening its regulation of auditors and property valuers who work with listed companies, in the wake of a series of accounting scandals in the city-state in recent years.
SINGAPORE (Reuters) - Singapore Exchange s regulatory unit will tighten requirements for listed company auditors and raise standards on valuation reports, introducing a regulatory code of conduct for auditors. In a statement released on Tuesday, Singapore Exchange Regulation (SGX RegCo) Chief Executive Tan Boon Gin said the changes enhance the standards required of auditors and property valuers in their dealings with listed companies. We expect the quality of the market and investor protection to improve as a result, Tan said. The moves, effective from Feb. 12, follow market criticism faced by SGX RegCo, the city-state s frontline capital markets regulator, over its handling of accounting irregularities at some listed firms.
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