Singapore Exchange tightens audit rules for listed firms after market criticism

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Singapore Exchange tightens audit rules for listed firms after market criticism
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SINGAPORE: Singapore Exchange's regulatory unit will tighten requirements for listed company auditors and raise standards on valuation reports, introd...

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: Singapore Exchange's regulatory unit will tighten requirements for listed company auditors and raise standards on valuation reports, introducing a regulatory code of conduct for auditors.

SGX RegCo has already stepped up disciplinary action on companies and toughened listing requirements, while also making it mandatory for firms to have a whistleblowing policy. SGX has been working to strengthen regulation and shore up liquidity after a penny stocks crash in 2013 battered investor confidence.

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