Title

Audit Fees: To Disclose or Not to Disclose?

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

Creative Commons License

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