SingPost appoints special auditor to address concerns over purchase of stakes in 3 firms

SINGAPORE: Singapore Post (SingPost) has appointed PricewaterhouseCoopers (PwC) as special auditor, to address concerns raised about its purchase of stakes in three companies between 2013 and 2015.

SingPost said PwC will review whether SingPost had complied with its constitution, internal policies and procedures in relation to the three acquisitions.

The decision to appoint a special auditor follows local media reports questioning a director’s role in the acquisitions.

Read original article here:
http://www.channelnewsasia.com/news/singapore/singpost-appoints-special/2438862.html

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