CRS Audits by the IRAS are coming: Are you ready?
05 Aug 2019
Common Reporting Standard (CRS) audits by the IRAS will commence in the second half of 2019. The IRAS will be focusing on financial institutions that pose a higher risk of non-compliance. Their review methodology entails an internal controls audit at the entity, process and reporting levels.
Read the update here by Directors Ong Sim Ho and Yang Shi Yong and Associate Director Charles Li, who have experience with compliance, information technology and tax audits.