Singapore firms must improve quality of their financial statements: Experts

Shortcomings in this area were revealed in a January 2022 report. ST PHOTO: KUA CHEE SIONG
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SINGAPORE - Companies must strengthen their internal processes to improve the quality of their financial statements, given the shortcomings in this area revealed by a recent report, experts noted.

The report, which came out last month, found that auditors proposed 22,051 audit adjustments amounting to $78.67 billion from 2018 to 2020 for the 412 listed firms in the study.

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