The Institute of Singapore Chartered Accountants (ISCA) has unveiled a new taskforce designed to bolster financial reporting and investor confidence in Singapore. Announced at the ISCA Value Unlock Forum, the Strengthening Financial Reporting Taskforce will bring together leaders from business, finance, academia, and investor groups to review and enhance the country’s financial reporting ecosystem.
Chaired by Euleen Goh, ISCA Distinguished Lifetime Member and Chairman of Singapore Institute of Management Group Ltd, the taskforce aims to address the growing focus on corporate transparency, financial controls, and trust in capital markets. This initiative aligns with national efforts to strengthen Singapore’s capital markets and business ecosystem, as highlighted by recent reviews from the Accountancy Workforce Review Committee and the Monetary Authority of Singapore.
The taskforce will explore ways to improve how companies communicate financial performance, business risks, and long-term value creation to investors and stakeholders. Euleen Goh emphasised the importance of clear and useful financial reporting, stating, “Financial reporting has always been the language of business. As markets evolve, it must speak more clearly and more usefully to the stakeholders who rely on it.”
The taskforce includes prominent figures such as Liew Nam Soon from EY, Leong Yung Chee from United Overseas Bank, and Lawrence Loh from the National University of Singapore. ISCA President Lee Boon Teck highlighted the critical role of finance professionals in maintaining trust in business and capital markets.
The taskforce will engage with stakeholders over the coming months to provide recommendations aimed at strengthening Singapore’s financial reporting ecosystem.
