The RBI has asked banks to disclose more information when "Other Liabilities and Provisions" and "Other Assets" items exceed 1% of total assets.
December 22, 2022New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.
December 8, 2022The current accounting system in Korea does not provide options for companies dealing in crypto.
November 17, 2022Issuers, audit committees, and external auditors must ensure investors receive accurate, transparent and timely information especially in times of heightened uncertainty.
November 16, 2022The rule will require issuers to develop and implement a clawback policy for compensation that was erroneously awarded based on incorrect financial statements.
October 30, 2022The FMA offers guidance for reporting entities on their obligations under the FMC Act to keep proper accounting records.
October 6, 2022Deloitte China personnel asked certain Chinese clients to select their own samples for testing and prepare their own audit documentation.
October 3, 2022The changes to bank assurance reports will come into force for reporting dates starting from 31 December 2022, three months later than planned.
September 13, 2022The S$12.6mn fine is understood to be the largest fine for the publication of misleading financial statements in Singapore's history.
August 25, 2022The central bank says some banks are waiving interest on loans too generously, a practice which could lead clients to lose interest in timely repayment.
April 29, 2022