The offence only came to light after a police probe into Tiong Bahru Football Club for misuse of funds, which also saw Hougang United and Woodlands Wellington investigated.
SINGAPORE: An audit assistant who forged an accountant's signature on an independent auditor's report for Woodlands Wellington Football Club was fined S$20,000 on Friday .
With the help of a Woodlands Wellington finance executive, Lau began auditing the football club's accounts. But his workload began to pile up as he was juggling multiple accounts, causing a delay. At the same time, Woodland Wellington's finance executive continued to pressure him for the signed documents.He photocopied Chan's signature on an independent auditor's report for the previous financial year, and cut out the signature. He then glued the cut-out signature onto the independent auditor's report for that financial year, before photocopying the documents.
Deputy Public Prosecutor Thiagesh Sukumaran said that audit associates have important duties, as the endorsement of financial statements will impact external decisions made by parties, such as investors, in relation to the financial health of companies.
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