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Finance

Singapore Exchange tightens audit rules for listed companies

Bourse says oversight role for accounting watchdog will protect investors

The SGX Centre in Singapore: The city-state's stock exchange regulator is tightening rules for auditors at locally listed companies in hopes of reducing accounting and governance missteps.

SINGAPORE -- The Singapore Exchange has tightened rules for listed companies appointing auditors, as it tries to prevent a repeat of recent corporate governance lapses in the city-state.

From January 2022, companies that have their main public listing in Singapore will need to have an auditor registered with the Accounting and Corporate Regulatory Authority, which oversees business entities in the country.

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