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Accounting and Corporate Regulatory Authority
Press release

Groundbreaking audit quality indicators framework to raise quality of financial reporting in Singapore

Audience

Accountants

Accounting entities

Businesses

News Topic

Accounting standards and sector regulation

14 October 2015

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

14 Oct 2015

To further raise the quality of audits on financial statements in Singapore, the Accounting and Corporate Regulatory Authority (ACRA) today introduced an Audit Quality Indicators (AQIs) Disclosure Framework. The framework breaks new ground as it is the first time the Big-Four audit firms have collectively agreed to provide audit committees of listed companies with a set of comparable indicators on the auditors’ ability and commitment to deliver quality audits. This is crucial in helping audit committees better evaluate and select the right auditors.

Download the press release (220KB) for more information.


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