Sapphire Corporation Limited (SG:BRD) has released an update.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.
For further insights into SG:BRD stock, check out TipRanks’ Stock Analysis page.