The revision bill addresses issues with feeder funds, cross investing between PEFs managed by the same entity, and inappropriate sales activities involving coercive sales tactics.
March 12, 2021Warning letters have been issued to 8 audit firms, 28 certified public accountants, 6 assessment agencies, 27 asset appraisers and 6 practitioners.
March 1, 2021The SEC proposes new rules on the reporting of suspected fraud identified in audits, and to lower entry requirements for auditors in the capital markets.
February 18, 2021Primary-listed issuers must appoint an ACRA-registered auditor, and only use property valuers that meet certain qualification criteria.
January 12, 2021Banks are encouraged to adopt the international standards for internal audit, such as those issued by the BCBS or the Institute of Internal Auditors.
January 12, 2021Global businesses that comply with sanctions deemed illegal by MOFCOM can be sued for compensation in Chinese courts.
January 11, 2021With continuous innovation in the financial sector and the emergence of new types of financial businesses, it is necessary to improve the scope of AML supervision, the PBOC says.
January 2, 2021Banks' outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.
December 21, 2020Once the President signs the bill into law, Chinese companies would be blocked from listing in the US if they don't submit to PCAOB audits.
December 3, 2020Germany's audit supervisor has reportedly told prosecutors that EY may have violated its legal due diligence and reporting obligations during its Wirecard audits.
November 29, 2020