Singapore, 15 December 2021 - PwC Singapore today announced the establishment of an Audit Advisory Board that will provide guidance and challenge related to transparency and audit quality at the firm. The Board will be officially effective on 1 January 2022.
The Board currently consists of two independent members who will advise the firm on a range of matters including PwC’s audit systems and p
After three years in development, the IAASB has released a set of standards that are game-changing for shareholders and the profession, says PwC. The standards mark a move to allow reports that are more informative, discursive and insightful. The new reports will undoubtedly stimulate enhanced conversations among auditors, companies, audit committees and shareholders.
Landmark analysis report titled Towards more relevant reporting finds that annual reports of many companies in Singapore already have some components required by the Integrated Reporting (<IR>) framework such as information about strategy, business model and risks, but they would need to link these elements better to holistically communicate a more relevant value creation story to stakeholders.