The Court of Appeal (Singapore's highest court) in 2007 was the scene of 2 major cases against auditors for negligence in relation to statutory audit reports. In both cases, the Court found

These cases are -

1. PlanAssure PAC v Gaelic Inn Pte Ltd and
   
2. JSI Shipping (S) Pte Ltd v Teofoongwonglcloong.

In both cases, the Court found that the auditors were negligent but in each case, the client company was also found to be contributorily negligent for the fraud of its officers. The result of this is that the auditors were not liable to pay for the entire loss caused.

The issue of contributory negligence and also the facts of these 2 cases will be examined shortly.