‘Adverse opinion’ & ‘disclaimer of opinion’ defined
Considering that the PAP-friendly People's Association and the opposition-run Aljunied-Hougang-Punggol East Town Council got an "adverse opinion" and a "disclaimer of opinion" against their financial statements respectively, TRE thought it would be a good idea to look up the definition of these audit terms. TRE trawled the internet...
GIC employs officers convicted of insider trading
A reader has written in to let TRE know of a case where GIC officers caught for insider trading were allowed to continue to work for GIC Private Limited (GIC). GIC is among the world’s largest fund management companies. It was established in 1981 to manage Singapore’s foreign reserves. The insider trading case involved 3...
Grace Fu: Budget 2014 is ‘far-sighted’
Speaking at the sidelines of an event to promote electronic-waste recycling yesterday (22 Feb), Minister in the Prime Minister's Office Grace Fu called Budget 2014 a "far-sighted" one. She said that Budget 2014 addresses Singapore's long-term needs, not just immediate ones. The budget was announced by DPM and Finance Minister...
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