All posts tagged "audit"
-
20ChinaChina Proposes Revisions to CPA Law to Improve Audit Quality
The revisions allow for foreign regulators to sign a regulatory cooperation agreement or memorandum with the State Council if they wish to access audit work papers.
October 28, 2021 -
93TaiwanTaiwan’s FSC Amends Regulations for Financial Holding Companies
Foreign banks in Taiwan are no longer required to have a local chief of information security if there is a designated officer at the head office or regional level.
October 26, 2021 -
252EnforcementCFTC Fines Tether as US Regulators Scrutinise Crypto Markets
The CFTC has fined Tether $41mn and Bitfinex's parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.
October 21, 2021 -
299AML / KYCLack of Crypto Regulation Presents Financial Stability Risk: IMF
The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.
October 6, 2021 -
155AML / KYCNZ FMA Toughens Approach to AML Non-Compliance
The FMA's James Greig noted a lower tolerance for AML/CFT non-compliance, given the regime has been in place for eight years.
October 1, 2021 -
173ChinaPCAOB Adopts Rule on Delisting ‘Non-compliant’ Chinese Firms
The new rule could result in mass delistings of Chinese companies from the US market in 2024 unless the PCAOB is granted access to inspect Chinese audits.
September 29, 2021 -
374AML / KYCMalaysia Secures Settlement from KPMG to Resolve 1MDB Claims
The settlement concludes a civil suit filed against KPMG and its current and former partners over the audits 1MDB's 2010-2012 financial statements.
September 18, 2021 -
315Australia & NZ
PCAOB Fines KPMG Australia Over Training-related Misconduct
Cheating in online training tests was found to be widespread within the audit practice. KPMG Australia sanctioned 1,131 individuals.
September 16, 2021 -
232ChinaBeijing Stock Exchange Issues Draft Listing Rules
The draft rules cover issuance and listing rules, audit rules, and rules for refinancing and major asset reorganisations of listed companies.
September 14, 2021 -
169ChinaCSRC to Bolster Supervision of Securities, Fund Practitioners
The CSRC will organise on-site inspections to ensure securities and fund practitioners adhere to professional ethics obligations and improve governance.
September 8, 2021
