Singapore Government

SGX Listing Rule 1207 (10): Challenges and Opportunities For Chief Audit Executives

The Institute of Internal Auditors, Singapore and Thomson Reuters organised a roundtable on 3 August 2012 to seek insights from Chief Audit Executives ("CAEs") on the Listing Rule 1207 (10) which came into effect on September 29 2011. CAEs from seven of the Top 50 companies listed on the SGX attended this roundtable.

This discussion provided a platform for the CAEs to discuss their implementation challenges with the rule, as well as opportunities arising for the internal audit profession.

The report highlights key discussion points from the roundtable pertaining to the roles and responsibilities of internal audit, challenges and opportunities for the profession and the road ahead.  Ultimately, the role of the CAE involves maintaining a keen awareness of their organisations' internal control maturity level to help their organisations journey towards Rule 1207 (10) performance excellence.

To download the report

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