An AMLC review found deficiencies including excessive manual processes, high false positives, and a lack of understanding of how sanctions screening systems operate.
May 14, 2023Supreme Court ruling allows criminal complaints against Deloitte Haskins & Sells and BSR & Associates over their handling of IL&FS audits to proceed.
May 7, 2023The court said KPMG Lower Gulf committed "many violations" of international auditing standards and ordered the firm to pay investors $231mn.
April 20, 2023New financial reporting and auditing requirements for super funds will be consistent with those that apply to public companies and registered schemes.
April 14, 2023Dubai's VARA is asking Binance for more information. ASIC is meanwhile reviewing Binance's Australia derivatives business and has cancelled its licence.
April 6, 2023Deloitte’s China arm was fined a record CNY 212 million for "serious" deficiencies in its audit work for China Huarong Asset Management between 2014 and 2019.
March 20, 2023PCAOB inspectors will meet Deloitte and EY next week to prepare for audit inspections that will take place later this year.
March 17, 2023The consultation sets out requirements under the new licensing regime, including safeguards for retail investors, travel rule requirements, and maximum penalties for misconduct.
February 20, 2023Banks are directed to allow accounting firms to use digital platforms to request and receive confirmation letters for use in audits.
January 16, 2023The equivalence decision is expected to reduce audit costs, improve audit efficiency, and deepen Sino-Swiss economic, trade and financial cooperation.
January 2, 2023