All posts tagged "Audits"
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207ChinaChina to Enhance Asset Sale Transparency at State-owned FIs
Assets transfers by state-owned financial institutions must be through open transactions, such as on trading venues, auctions, and competitive negotiations.
December 14, 2021 -
258Asia-PacificThai SEC to Enhance Capital Market Resilience to Cyber Risk
Under revised rules, market participants are required to and enhance cybersecurity control measures, vulnerability assessments, penetration testing and third-party access controls.
December 4, 2021 -
280KoreaNew Rules for PE Funds Take Effect in South Korea
The revised rules improve investor protection and subject private equity funds to increased monitoring and external audits.
October 23, 2021 -
306FeatureMAS Consults on Revisions to BCM Guidelines
The guidelines emphasise the need for FIs to take an end-to-end view in ensuring the continuous delivery of critical business services and functions.
October 23, 2021 -
300ChinaBeijing Stock Exchange Issues Draft Listing Rules
The draft rules cover issuance and listing rules, audit rules, and rules for refinancing and major asset reorganisations of listed companies.
September 14, 2021 -
160Australia & 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 -
142KoreaFSC Korea Issues Notice on Rule Changes for PE Funds
A new classification system will distinguish between “general PEFs” and “institution-only PEFs”. PEFs will be subject to increased monitoring and external audits.
August 7, 2021 -
206MalaysiaMalaysian 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 -
302ChinaUS SEC to Require New Disclosures from Chinese Issuers
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, 2021 -
187AML / KYCNew Zealand to Update AML/CFT Regulations
Reporting entities will have to conduct customer due diligence on nominee directors and nominee general partners of companies, among other changes.
July 14, 2021
