ACRA getting more teeth to deal with reporting breaches

​SINGAPORE'S national regulator of companies and businesses will soon have the legislative power to bring the courts to bear on companies that have committed serious financial-reporting breaches, so that they will be compelled to restate, re-audit and re-file their financial statements. Companies which commit less serious breaches will be asked to restate the comparative figures, or include or improve the disclosures in the following year's financial statements. - See more at: http://news.asiaone.com/news/business/acra-getting-more-teeth-deal-reporting-breaches#sthash.HEYkdCoI.dpuf