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Rising percentage of listed firms fail to get 'clean' audit opinions

Acra blames trend among Singapore-incorporated listed firms on preparers and directors' lack of deep knowledge

Tay Peck Gek

Tay Peck Gek

Published Tue, Jul 14, 2020 · 09:50 PM
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Singapore

MORE Singapore-incorporated listed firms are receiving tainted audit opinions, a trend which the Accounting and Corporate Regulatory Authority (Acra) described as "unhealthy".

Acra said the number of firms that failed to receive "clean" audit opinions has risen from 6 per cent for 2016 financial statements, to 9 per cent for 2018 financial statements.

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ACRA

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