Publication Type
News Article
Version
Postprint
Publication Date
6-2010
Abstract
The authors argue that the disclosure of audit fees can provide a more level playing field in Singapore, and would also be consistent with the other major capital markets in the world. Auditors' independence is the cornerstone of the auditing profession, because without auditor's independence investors would not be able to rely on the so-called "audited" financial statements. Currently in Singapore, audit-fee disclosure is not mandatory except for banks as stipulated by the Monetary Authority of Singapore (MAS).
Keywords
Audit fees, non-audit services, auditor independence, corporate financial statements
Discipline
Accounting | Corporate Finance
Research Areas
Corporate Governance, Auditing and Risk Management
Publication
Business Times
First Page
20
ISSN
1733-8179
Publisher
Singapore Press Holdings
Citation
Khoo, Teng Aun and Hwang Soo Chiat. 2010. "Audit Fees: To Disclose or Not to Disclose?" Business Times, June 29, 20.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Comments
The following article by Associate Professor Khoo Teng Aun and Associate Professor Hwang Soo Chiat argues that the disclosure of audit fees can provide a more level playing field in Singapore, and would also be consistent with the other major capital markets in the world. The article was first published in the Business Times on 29 June 2010.