All posts tagged "audit"
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267FeatureHKMA Issues Draft Guideline for Banks on Climate Risk Management
The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for implementation.
July 21, 2021 -
108AML / KYCMalaysia Files Suit Against KPMG Partners Over 1MDB Losses
The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm's audits of 1MDB’s financial statements.
July 14, 2021 -
119Big PictureCorporate Governance Policy Frameworks Need Strengthening: OECD
The OECD says significantly fewer companies are using public equity markets, but that strengthening corporate governance policies and frameworks can help.
July 5, 2021 -
126Hong KongHKEX Asks Participants to Prepare for FRC Transaction Levy
Levies will be payable to the Financial Reporting Council by sellers and purchasers of securities, public interest entities, and PIE auditors from 1 January 2022.
July 2, 2021 -
263AML / KYCPNG’s BSP Financial Group Faces Possible AML Penalties
Australia's CBA and NAB are reportedly under scrutiny as they provided correspondent banking services to BSP Financial Group.
June 17, 2021 -
275FeatureJapan: Revised Corporate Governance Code Takes Effect
The new code seeks to enhance board independence, promote board diversity, and increase attention on sustainability and ESG issues.
June 17, 2021 -
153ChinaChina Issues Draft Law Aimed at Improving Audit Practices
The law prohibits the entities being audited from refusing to provide information, delaying such provision, and submitting false information.
June 17, 2021 -
197EnforcementHin Leong Files Suit Against Deloitte Over Auditing Failures
The lawsuit claims Deloitte would have detected material misstatements and not issued unqualified opinions if its audits were carried out properly.
June 16, 2021 -
128Australia & NZNew Zealand FMA Grants Reporting Relief Amid Auditor Shortage
Businesses affected by an auditor shortage in New Zealand will be allowed an additional month to comply with reporting requirements.
June 15, 2021 -
58Australia & NZASIC Stresses Quality of Financial Reports, Disclosures
The assumptions underlying estimates and assessments for financial reporting purposes should be reasonable, supportable, realistic, and not overly optimistic or pessimistic.
June 11, 2021
