Former KPMG partner Brendan Lyon called for changes in how the accounting profession is regulated to restore public trust and ensure integrity in financial reporting.
July 19, 2023The guidelines require external auditors to notify companies of any accounting fraud worth more than KRW 5 billion.
July 18, 2023The new guidelines seek to enhance accounting and disclosure requirements for companies that issue or hold virtual assets.
July 13, 2023Requirement for smaller stock companies to undergo an external audit of their accounting control systems postponed for five years.
June 14, 2023RBI governor Shaktikanta Das said banks are employing "smart accounting methods" to artificially boost performance and mask stressed loans.
May 30, 2023The government is expected to settle its position on AML reforms this month that could cover the real estate, accounting and legal professions.
April 18, 2023Deloitte’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, 2023