Increase audit checks for public-listed companies

The recent incidents of bribery and corporate fraud suggest that a company's internal policies or measures to strengthen corporate governance can go only so far.

Having external financial auditors will play a crucial role in the early detection of corporate fraud.

However, I believe that public-listed companies currently engage external auditors to conduct audit checks only once a year.

Perhaps the Corporate Governance Council should make it mandatory for public-listed companies to increase the frequency of audit checks.

Rachel Tan Wee Cho (Ms)

A version of this article appeared in the print edition of The Straits Times on January 22, 2018, with the headline 'Increase audit checks for public-listed companies'. Print Edition | Subscribe