• Register
Return to: Home > News > Big Four > Singapore Airlines seeks first change of auditors in four decades

Singapore Airlines seeks first change of auditors in four decades

In a letter to their shareholders, Singapore Airlines has proposed the appointment of KPMG as its new external auditor to replace EY, their auditors for the last 43 years.

EY was first appointed as Singapore Airlines external auditor in 1972 but will not seek re-appointment at the airline's coming annual general meeting (AGM), the letter read. KPMG's appointment will be confirmed at the company's AGM scheduled for 30 July.

It is understood that KPMG's audit partner Tham Sai Choy will be in charge of the audit. Choy is KPMG Singapore managing partner since 2010 and chairman of KPMG Asia-Pac.

"KPMG LLP was selected for the proposed appointment after the audit committee invited and evaluated competitive proposals from various audit firms," the letter read. "The Company confirms that there were no disagreements with the outgoing auditor, Ernst & Young LLP, on accounting treatments within the last 12 months."

Top Content

    Time pressure: Facing up to mental health

    In an ‘always on’ culture, it is becoming increasingly difficult to manage a healthy work-life balance. While companies are beginning to address this problem by introducing different support systems, Joe Pickard finds more could be done to ensure the wellbeing of the professions workforce.

    read more

    Venezuela: the race for the dollar

    With a new currency following hyperinflation, large sections of the population emigrating to neighbouring countries, an economy on the brink of collapse and no apparent solution coming from the government, Jonathan Minter finds a profession struggling to stay afloat in Venezuela.

    read more

    Brazil: transparency and control

    Brazilian accountants have an optimistic view of the impact of more-regular reporting and the implications of audit controversies for the profession. Paul Golden reports.

    read more

    Argentina: looking for a clearer view

    The Argentine accounting profession continues to grapple with the impacts of a weak economy and a culture of financial corruption. Paul Golden takes a closer look.

    read more

    Blockchain: adapting to disruptive tech

    In the relatively few years since digital currencies first began using blockchain technology, the array of potential applications has grown significantly – and continues to expand. Dan Balla, Matthew Schell and Dave Uhryniak from Crowe look at how it impacts accountancy.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.