One of the key changes affecting the Audit Committee landscape in Singapore in 2018 will be the introduction of the revised Singapore Code of Corporate Governance (“Code”). The changes in the revised Code will impact several areas, most notably in director independence and Board composition, as well as Board effectiveness and protocols. In addition, financial reporting, compliance, and the risk and internal control environment will continue to be put to the test.
Drawing on insights from our 2017 Global Audit Committee Survey and interactions with Audit Committees and business leaders in the last 12 months, we focused on 10 items that Audit Committees should keep in mind as they carry out their 2018 agendas.
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