People's Association (PA) given "adverse opinion" by it's auditor for several financial years? - report


TR Emeritus, 20 Feb 2014
For FY2007, PA did not include the financial statements of grassroots organizations (GROs) operating under itself. The auditor could not “assess the financial impact to the financial statements of the Association arising from the non-inclusion of the financial statements of the GROs”. As such, the auditor gave an “adverse opinion” against PA because its financial statements “[did] not present fairly” the state of affairs of the Association:


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PA AUDITORS GAVE 'ADVERSE OPINION' FOR 5 YEARS BUT PAP FOCUSES ONLY ON AHPETC? - The Real Singapore
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