20 Dec '11, 7am

Michael Lim to chair Accounting Standards Council

Michael Lim to chair Accounting Standards Council

SINGAPORE: Chairman of the Land Transport Authority, Mr Michael Lim Choo San, has been appointed as Chairman of the Accounting Standards Council (ASC). The Ministry of Finance (MOF) said on Tuesday that the term is for two years, from 1 November 2011 to 31 October 2012. It said Mr Lim has more than 30 years of experience in the accountancy profession. He's also chairman of Nomura Singapore Limited and Pro-Tem Singapore Accountancy Council, as well as a member of the Public Service Commission. He was Executive Chairman of PricewaterhouseCoopers, Singapore for 12 years before retiring in 2003. Mr Lim takes over from Ms Euleen Goh, who had led the ASC since it was formed in 2007. MOF said under Ms Goh's leadership, the ASC has developed and promulgated high quality financial reporting standards in Singapore. "It has established itself as a credible voice in international acco...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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