All posts tagged "auditor"
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1.7KAML / KYCUPDATED – Wirecard Fraud: A Timeline of Events
Wirecard has filed for insolvency amid multiple probes. BaFin faces scrutiny for mishandling clear red flags. EY faces lawsuits for failing to catch the improprieties earlier.
June 30, 2020 -
1.2KAML / KYCWestpac Removes EY as Auditor for Upcoming Risk Review – Report
EY's 2017 review of Westpac highlighted poor data quality, outdated infrastructure, incompatible systems, capacity issues, manual workarounds and historical underinvestment.
May 21, 2020 -
545Asia-PacificPhilippine SEC Issues New Corporate Governance Code
The new code comes into effect on 12 January, and gives public companies and registered issuers 6 months to submit a new manual on corporate governance.
January 10, 2020 -
356IndiaSEBI Updates Framework for System Audits of Market Infrastructures
Stock exchanges, depositories and clearing corporations are required to include compliance with SEBI rules in the scope of their system audits, and to report any non-compliance to the regulator.
January 8, 2020 -
466JapanJapan Set to Consult on Reorganisation of TSE Boards
The TSE will consult on the criteria for companies to move to the First Section, and measures to enhance the independence of listed subsidiaries from their parent companies.
December 2, 2019 -
419JapanJapan FSA to Revise Standards For Auditors of Listed Companies
The revised standards will require auditors to disclose the reasons for issuing a qualified opinion in financial statements starting from March 2020.
September 5, 2019 -
1.2KAustralia & NZAustralia: NAB, EY Under Fire Following Whistleblower Leak
A whistleblower has leaked internal NAB documents to highlight the bank's lax approach to risk management, customer remediation, and conflicts of interest with its auditor.
August 5, 2019 -
829Capital RegulationPBOC to Guarantee Bank of Jinzhou’s CD Issuance
The PBOC introduced the credit risk mitigation tool last year to support bond issuances by private firms. Bank of Jinzhou will be the first to issue interbank CDs under the initiative.
June 11, 2019 -
702Capital Regulation
‘Loan Inconsistencies’ Prompt EY Resignation as Chinese Bank Auditor
The resignation of EY as the auditor of Bank of Jinzhou comes as questions are being raised about the health of China's small and mid-size lenders.
June 4, 2019 -
570Hong KongHK to Suspend Stocks on Disclaimer, Adverse Audit Opinions
Trading in a Hong Kong listed company will be suspended if the auditor issues a disclaimer or adverse opinion for any financial year commencing on or after 1 September 2019.
May 27, 2019
