Hong Kong has gazetted an Amendment Ordinance empowering the Financial Reporting Council as an independent oversight body for the HKICPA and auditors of listed companies.
February 18, 2019Among the amendments are proposals to expand the grounds for which MAS can revoke a bank licence, and expanded circumstances for auditors to report on a bank's financial soundness.
February 8, 2019A trading suspension would be imposed if a listed company’s auditor has issued a disclaimer or adverse opinion on the company’s financial statements.
October 2, 2018Under the new proposals, fiduciaries providing false information in audit or valuation reports will face stringent penalties, including bans from securities markets and forced repayment of any gains deemed unlawful.
July 19, 2018The Bangladesh Institute of Bank Management presented a report calling for reform of internal control and compliance departments at the country’s banks.
April 2, 2018Supreme Court says auditors lack adequate oversight, have breached central bank and foreign direct investment rules and Chartered Accountants Act.
February 26, 2018Treasury for Financial Services and the Treasury says FRC to given independent oversight, inspection and disciplinary powers.
January 20, 2018