New guidelines require the use of biometric authentication systems to prevent password sharing among managers and employees.
January 18, 2023Banks are directed to allow accounting firms to use digital platforms to request and receive confirmation letters for use in audits.
January 16, 2023The FSS produced the guidance by analysing three years of cases where fraud and embezzlement were detected by external auditors.
January 9, 2023The regulator said the bank's internal organisation did not meet legal requirements, without disclosing further details.
December 23, 2022The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.
December 16, 2022The PCAOB reportedly gained all the information it requested during its inspection, but a decision has not yet been made regarding its dispute with Chinese regulators.
November 17, 2022The SEC has strengthened the obligations of capital markets and digital assets firms to supervise and manage the risks to their IT systems.
November 9, 2022The framework says there are "no limitations" on the use of any cloud deployment models, but provision must only be from data centres empanelled by MeitY.
November 7, 2022Based on the number of negative findings in the files ASIC assessed, EY demonstrated the highest quality audits, followed by BDO and PwC.
November 2, 2022Retail investors won't be allowed leverage and will have to undergo a knowledge test. Stablecoin issuers will have strict rules on reserve assets and a S$1bn capital requirement.
October 27, 2022