All posts tagged "Accounting"
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315ChinaChina to Standardise Data Transmission by Securities Firms
Many securities firms are still using manual processes to transmit data used by fund custodians, managers and fund service institutions for valuation and accounting purposes.
July 26, 2022 -
314KoreaFSC Korea to Improve Fairness of Accounting Review Process
The review period will be limited to one year in principle, with the possibility of a six-month extension, to prevent accounting reviews from being prolonged.
June 13, 2022 -
418FeatureHong Kong, US to End Mutual Recognition of Accountants
An agreement could not be reached about a requirement for US accountants to have one year of local experience to practise in Hong Kong.
May 30, 2022 -
388ChinaChina Issues New Guidelines on Accounting Firm Inspections
Inspections will assess whether accounting firms have adequate information security and systems for screening audit work papers for "secrets".
May 18, 2022 -
649Crypto / Digital AssetsFASB Commences Review of Accounting Rules for Digital Assets
Crypto industry participants as well as ISDA are calling for the FASB to allow digital assets to be recorded on financial statements at fair value.
May 17, 2022 -
645AML / KYCUS, UK Include Professional Services in New Russia Sanctions
New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations
May 9, 2022 -
435KoreaKorea FSS Seeks Stronger Audit Regulations to Prevent Fraud
The FSS will examine 180 companies and 17 audit firms this year, while also enhancing its audit screening exercises and strengthening punitive sanctions.
March 31, 2022 -
267China
China Listed Companies Directed to Improve Financial Reporting
Listed companies are asked to improve the effectiveness of their financial reporting controls and the quality of their accounting information.
March 28, 2022 -
569Australia & NZRBNZ Defers Effective Date of New Insurance Solvency Standards
The interim standard will come into force on 1 January 2023. The RBNZ is also consulting on the penalties and enforcement tools it has available for supervising insurers.
March 11, 2022 -
523Hong KongHong Kong FRC Consults on New Regulatory Powers
The FRC will extend the scope of its oversight to all practicing auditors and accountants, instead of just those servicing listed companies.
March 10, 2022
