Capvision is accused of stealing state secrets, foreign auditors are under increased scrutiny, and Chinese data providers are blocking overseas access to their databases.
May 10, 2023Singapore's Public Accountants Oversight Committee has also issued orders against Hyflux auditors from KPMG LLC for five years of financial statements.
May 8, 2023Germany's auditor regulator also fined the company €500,000, and five of its current and former auditors between €23,000 and €300,000.
April 5, 2023The ‘Federal Authority for Fighting Financial Crime" will absorb the functions of the FIU and also be responsible for enforcing international sanctions.
April 3, 2023AUSTRAC reportedly warned gambling industry officials it had "identified serious non-compliance in a number of businesses".
March 14, 2023Chinese SOEs are being asked to allow their contracts with the big four audit firms to expire and use local accountants instead.
February 23, 2023The guidance is designed to help financial service providers address "emerging and persistent issues" in financial reporting, the FMA said.
February 21, 2023The new regime also covers indirect borrowings by Chinese enterprises and entities they control, as well as foreign debt incurred under red-chip and VIE structures.
February 16, 2023The FSS produced the guidance by analysing three years of cases where fraud and embezzlement were detected by external auditors.
January 9, 2023The revision bill will benefit almost 1,000 listed companies, exempting them from a requirement to subject their internal accounting management systems to external audits.
January 4, 2023