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).
Audit fees, non-audit services, auditor independence, corporate financial statements
Accounting | Corporate Finance
Corporate Governance, Auditing and Risk Management
Singapore Press Holdings
Khoo, Teng Aun and Hwang Soo Chiat. 2010. "Audit Fees: To Disclose or Not to Disclose?" Business Times, June 29, 20.
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