SINGAPORE (Nov 1): Companies in Singapore have improved on risk management disclosures, according to a study conducted by the Institute of Singapore Chartered Accountants (ISCA) and KPMG.

These include disclosures related to risk governance, risk management practices, and the Board’s conclusion on the adequacy and effectiveness of risk management and internal controls.

Among other findings, the study showed more clarity in the disclosure of the Board’s responsibilities in risk governance. In the latest study, 100% of companies indicated that their boards are responsible for risk governance, compared to just 34% when a similar study was conducted in 2013.

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