PwC Singapore’s independent Audit Advisory Board

“Organisations increasingly need to earn trust by demonstrating transparency, accountability and delivering sustained outcomes. Audits are critical to the success of this, and a core component of a trusted and well-functioning capital market.”

Marcus LamExecutive Chairman, PwC Singapore

PwC Singapore has established an external independent audit advisory board to continually improve trust, transparency and our audit quality to maintain confidence in the capital markets, effective 1 January 2022.

Our independent audit advisory board will currently consist of two independent members - Prof Tan Cheng Han and Prof Pang Yang Hoong - who will advise the firm on a range of matters including PwC’s audit systems and processes, learning and development programme, the firm’s investment in methodology, technology and risk management in the context of overall investments, and how the firm is responding to structural changes in the profession, amongst others. This approach is underlined by our global strategy, The New Equation, which focuses on two interconnected needs: firstly to build trust, which has never been more important or more difficult, and delivering sustained outcomes that benefits the wider ecosystem.

Meet PwC Singapore’s independent Audit Advisory Board members

Professor Tan Cheng Han, SC.

Prof. Tan is Dean and Chair Professor of Commercial Law at the City University of Hong Kong School of Law and a Professor of Law at the National University of Singapore. From 2001 to 2011, he was Dean of the NUS Law School and was Chairman of the school’s E W Barker Centre for Law and Business from 2012 to 2019. He was appointed Senior Counsel in Singapore in 2004 and has been a Visiting Professor at Bucerius Law School, Peking University, East China University of Political Science and Law, Tokyo University and National Taiwan University. Professor Tan’s present appointments include being Chairman of Singapore Exchange Regulation, Chairman of Caritas Singapore, and a member of the Singapore Business Federation’s Board of Trustees. He is also a member of the Law Reform Commission of Hong Kong and the Hong Kong Standing Committee on Legal Education and Training.

Professor Pang Yang Hoong

Prof. Pang was a member of the planning team at SMU and was the founding Dean, School of Accountancy from 1 September 2000 to 30 June 2016. She was also appointed Vice Provost (Undergraduate) on 1 June 2004 and held both appointments concurrently till June 2015. From July 2015 to June 2017 she was the Vice Provost (Undergraduate Matters and Student Development). She was Senior Advisor to the SMU President from July 2019 to June 2021. Prof Pang is a Board Member of Singapore Accountancy Commission (SAC) and Chair of SAC Learning and Assessment Committee – Professional Programme, since April 2017. Prof Pang has also served as Board Member of the Accounting & Corporate Regulatory Authority (ACRA) from April 2007 to March 2012 and was a member of the Disciplinary Committee of the Casino Regulatory Authority from May 2014 to May 2021.

She was awarded the Public Administration Medal (Silver) by the President of Singapore in August 2010.

“The establishment of this Audit Advisory Board is part of our commitment to build trust and to deliver sustained outcomes that underpin our new global strategy - The New Equation. Professors Tan Cheng Han and Pang Yong Hoong will bring with them a wealth of experience and provide objective scrutiny of our audit quality systems.”

Marcus LamExecutive Chairman, PwC Singapore