SINGAPORE ACCOUNTANTS LOOK FOR OPPORTUNITY IN ECONOMIC ADVERSITY
January 1st, 2013
THE WEALTHY city state of Singapore seems to have glided through the global financial crisis, but the country only narrowly avoided recession and this slowdown has affected its important accounting sector. GDP growth in Singapore grew in 2012 was projected to be 1.2%, down from 4.9% the previous year.Lee Kin Wai, assistant professor of accounting at Singapore’s Nanyang Technological University business school explained to Accounting & Business magazine that economic uncertainty makes companies reluctant to share as much data as they might in more stable ...
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