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87 companies accounted for almost 80% of proposed audit fixes from 2018 to 2020: Acra
Over the 3-year period, there were 165 sets of financial statements from 87 companies, which collectively accounted for S$62.3 billion or close to 80 per cent of the proposed audit adjustments in the study.
Out of these 165 financial statements, 28 companies had over S$100 million of proposed adjustments every year during the period, accounting for nearly 50 per cent of the total proposed audit adjustments.
