Firms Urged To Give Quality Financial Reports
Companies have been urged to provide high-quality financial statements amid the pandemic to keep investors well informed, said the Accounting and Corporate Regulatory Authority and Singapore Exchange Regulation (SGX RegCo).
Firms should focus on areas like asset valuations and going concern assessments when compiling these reports, SGX RegCo noted in a column.
“The interim financial reports for the period ended June 30 may be the first reports since Covid-19 took hold and brought on various challenges and restrictions,” it said.
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