Asking Tougher Questions in Tough Times

Author

Irving LOW, KPMG LLP
Claudia Eio, KPMG LLP
See Liang FOO, Singapore Management UniversityFollow
Yang Hoong PANG, Singapore Management UniversityFollow
Kwong Sin LEONG, Singapore Management UniversityFollow
John Joseph WILLIAMS, Singapore Management UniversityFollow

Publication Type

Report

Version

Publisher’s Version

Publication Date

2009

Abstract

The recent wave of corporate governance disasters globally raises many eyebrows and burning questions whether audit committees (ACs) are doing the right things to effectively discharge their roles and responsibilities. To further test the integrity and reputation of the Singapore market as a listing gateway for foreign companies in turbulent times like these, the headlines are also reporting a spate of suspected and actual corporate fraud and scandals involving China-based, Singapore listed companies (commonly referred to as “S-chips”). Many angry investors and the public question whether ACs and independent directors are doing their jobs.

Keywords

audit committees, corporate governance, corporations, Singapore, China

Discipline

Accounting | Corporate Finance

Research Areas

Corporate Governance, Auditing and Risk Management

First Page

1

Last Page

21

Publisher

KPMG & SMU

City or Country

Singapore

Citation

KPMG Audit Committee Institute and School of Accountancy, Singapore Management University. 2009. Asking Tougher Questions in Tough Times. Singapore: KPMG & SMU.

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.