All posts tagged "Auditors"
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61Hong KongHK Passes Legislation to Expand FRC’s Regulatory Functions
The FRC will become a full-fledged independent regulatory body for the accounting profession, performing inspections, investigations and disciplinary work.
October 28, 2021 -
315Australia & NZPCAOB Fines KPMG Australia Over Training-related Misconduct
Cheating in online training tests was found to be widespread within the audit practice. KPMG Australia sanctioned 1,131 individuals.
September 16, 2021 -
125IndiaIndia Financial Reporting Authority Seeks Auditor Oversight Powers
The National Financial Reporting Authority is preparing a draft bill to propose to the government that will grant it greater financial autonomy and broader regulatory powers.
August 31, 2021 -
399Market InfrastructureSGX RegCo Proposes to Phase in Mandatory Climate Reporting
SGX also proposes an assurance requirement for sustainability reports and the introduction of a new ESG data portal for issuers and investors.
August 26, 2021 -
260Securities & TradingSEC Directs Chinese Firms to Issue Disclosures on VIE Structures
Chinese companies have started to receive instructions from the SEC on the disclosures they must provide on their use of VIEs for US-bound IPOs.
August 26, 2021 -
124Australia & NZAustralian Court Issues Fines in First Criminal Case of Bad Audits
EC Audit and its former director Robert James Evett have been convicted and sentenced to pay fines for failing to follow auditing standards.
August 19, 2021 -
116Australia & NZAustralia Consults on New Financial Reporting Rules For Super Funds
Super funds will be required to prepare and lodge financial reports for each financial year and half-year with ASIC, and make their reports publicly available.
August 18, 2021 -
189MalaysiaMalaysian Regulators Ask Auditors to Up Their Game
Audit engagements which required further evaluation and investigation in 2020 were found to have weak auditing procedures and lacked professional scepticism.
August 5, 2021 -
116Asia-PacificSri Lanka Central Bank Directs Banks to Defer Dividends
The CBSL issued the directives after considering the possible adverse impact on liquidity and other KPIs of banks due to Covid-19.
July 28, 2021 -
163Hong Kong
Hong Kong Introduces Bill to Boost FRC’s Regulatory Powers
Under the proposed regime, regulatory powers currently vested with the HKICPA will be transferred to the Financial Reporting Council.
July 26, 2021
