Deloitte’s China arm was fined a record CNY 212 million for "serious" deficiencies in its audit work for China Huarong Asset Management between 2014 and 2019.
March 20, 2023The three organisations have outlined recommendations for on accounting and reporting real estate operational emissions.
March 16, 2023Ericsson breached a 2019 deferred prosecution agreement intended to resolve a probe into 17 years of alleged corruption in Djibouti, China, Vietnam, Indonesia, and Kuwait.
March 5, 2023Chinese SOEs are being asked to allow their contracts with the big four audit firms to expire and use local accountants instead.
February 23, 2023The guidance is designed to help financial service providers address "emerging and persistent issues" in financial reporting, the FMA said.
February 21, 2023The consultation sets out requirements under the new licensing regime, including safeguards for retail investors, travel rule requirements, and maximum penalties for misconduct.
February 20, 2023Three Chinese companies have launched US IPOs so far this year, following a year-and-a-half stand-off between Chinese and US regulators.
February 16, 2023Among the key tasks in the workplan, the FSS will work to strengthen governance structures, compensation systems, and internal control capabilities of banks.
February 10, 2023An exposure draft to be issued by end-March will require companies to measure crypto assets using fair value accounting.
February 7, 2023The inspections will prioritise high-volume crypto businesses with high money laundering risks. The disclosure system will cover issuance, listing and circulation.
February 7, 2023