Banks 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, 2023Professional services ban expanded from accounting, consulting and PR services to include trust, advertising, auditing, engineering and IT consultancy and design services.
December 23, 2022ASIC and the RBA asked ASX to issue a special audited report detailing arrangements to ensure the stability, security and resilience of the existing CHESS system.
December 16, 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 current accounting system in Korea does not provide options for companies dealing in crypto.
November 17, 2022CPAs and accounting firms are directed to identify and fix weak links in their audit processes, and improve their ability to deal with financial fraud.
October 19, 2022The changes will ease the burden on SMEs, enhance executive responsibility over accounting controls, and triple whistleblower rewards.
October 12, 2022The AFRC can subject auditors who commit misconduct to penalties up to HKD 10 million, or three times profit gained, whichever is higher.
October 5, 2022The CBIRC said a 25 percent cap on foreign ownership of insurance asset management companies will be scrapped on 1 September.
August 10, 2022