Sapphire Corporation Limited (SG:BRD) has released an update.
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Sapphire Corporation Limited, a Singapore-based company, is set to switch its auditor from Foo Kon Tan LLP to Forvis Mazars LLP for the financial year 2024, subject to shareholder approval at an upcoming extraordinary general meeting. This change is part of the company’s efforts to manage costs effectively and gain fresh insights, as it is expected to save approximately 26.7% in audit fees without compromising the audit’s scope. The decision comes after a thorough review process by the board and the audit and risk committee, considering factors like audit quality indicators and the new firm’s resource adequacy.
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