Thoughts on the Singapore Government Audits
By Investment Stab  •  July 28, 2016
While this has not generated as much buzz as the "sexualized enacted scenes" of the NUS orientation camps (which I do not understand why this entire spectacle is an international news), this article definitely caught my attention and made me think further. The Auditor-General's Office (AGO) released a statement publishing their findings of the Government Financial Statements, after their audit of the Government Financial Statements. It was stated that there are numerous occurrences of inadequate finance controls, resulting in financial loss and revenues to the Government.

*Fun Fact: In case you didn't know what is this Auditor-General Office, just a short background. Basically, it is a government auditor to keep the statutory boards and ministries in check.

First of all, it is certainly assuring that there are independent organisations keeping checks on the financials of the Government, ensuring that public funds are not wasted unnecessarily. This has ...
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By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
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