All posts tagged "audit"
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134FeatureSGX RegCo Raises Audit, Valuation Standards for Listed Firms
Primary-listed issuers must appoint an ACRA-registered auditor, and only use property valuers that meet certain qualification criteria.
January 12, 2021 -
101IndiaRBI Directs Banks to Enhance Internal Audit Function
Banks 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, 2021 -
396AML / KYCChina Issues New Rules to Protect from Foreign Sanctions
Global businesses that comply with sanctions deemed illegal by MOFCOM can be sued for compensation in Chinese courts.
January 11, 2021 -
229AML / KYCPBOC Revises AML Rules to Enhance Supervisory Scope
With 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, 2021 -
509FeatureMAS Consults on Proposed Notices for Outsourced Services
Banks' outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.
December 21, 2020 -
212ChinaBill to Block Chinese Listings on US Markets Passes Congress
Once 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, 2020 -
579EnforcementProsecutors Assess Whether EY Acted Criminally During Wirecard Audits
Germany'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 -
531EnforcementTaiwan FSC Fines E.Sun Commercial Bank Over Client Theft
A customer relationship manager stole TWD 140 million from 41 clients over seven years. The bank has been fined and two of its executives were suspended.
November 26, 2020 -
318ChinaCSRC Seeks ‘Meaningful Dialogue’ with PCAOB on Audit Issues
"We believe that with openness and professionalism, the two sides will certainly reach a consensus on a joint inspection scheme," the CSRC said.
November 24, 2020 -
584Fintech / RegtechFSC Korea Threatens to Withdraw Incentives for Internet-only Banks
The FSC has criticised Kakao Bank for disregarding customers with average credit scores, and instead favouring borrowers with high credit scores.
November 20, 2020
