Chinese issuers with VIE structures will have to "prominently and clearly" disclose that they face uncertainty about future actions by the Chinese government.
July 31, 2021The MoU is expected to enhance audit quality, contribute to the development of the Hong Kong audit market, and promote confidence in the capital markets.
May 11, 2021The experience requirement for auditors in the capital markets has been reduced from a minimum of 10 years to seven years.
April 13, 2021Securities regulators will continue to enforce requirements to recognise, measure and disclose uncertainties about an entity’s ability to continue as a going concern.
March 26, 2021The SEC is seeking public comments on its process for identifying companies that fail to meet the new standards, as well as submission and disclosure requirements.
March 25, 2021Separately, a new framework has been issued allowing professional services firms including consultancies, fund administrators and trustees to set up in GIFT City.
February 18, 2021Auditing violations alleged by a whistleblower include improper conduct by certain Deloitte staff members in performing the audits of five companies in 2016 and 2017.
February 13, 2021"This is a landmark moment for cross-border cooperation in the investigation of auditing irregularities," said Financial Reporting Council chairman Kelvin Wong.
December 15, 2020SEC officials have been working on the rules since August, when a presidential working group proposed enhanced listing standards to ensure access to Chinese audit work papers.
November 19, 2020The action plan outlines a series of targeted measures and an implementation timetable to improve corporate governance at banks and insurers.
September 6, 2020