All posts tagged "going concern"
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223EnforcementHong Kong FRC to Increase Public Disclosures on Investigations
The Financial Reporting Council will increasingly disclose its investigations when cases involve high public interest.
November 28, 2021 -
309Securities & TradingTWSE to Enhance Timeliness of Disclosures by Listed Firms
In 2022, some listed companies will have to start disclosing uncertainties about their ability to continue as a going concern based on unaudited financial information.
August 8, 2021 -
134Australia & NZASIC Stresses Quality of Financial Reports, Disclosures
The assumptions underlying estimates and assessments for financial reporting purposes should be reasonable, supportable, realistic, and not overly optimistic or pessimistic.
June 11, 2021 -
301InternationalIOSCO Highlights Need for Reliable Going Concern Disclosures
Securities regulators will continue to enforce requirements to recognise, measure and disclose uncertainties about an entity’s ability to continue as a going concern.
March 26, 2021 -
392Australia & NZ
ASIC Demands Better Practices to Improve Audit Quality
ASIC is currently considering or progressing enforcement action for auditor misconduct in twelve cases, as part of efforts to improve audit quality.
December 30, 2020 -
585Hong KongHong Kong to Introduce Corporate Rescue Regime Next Year
Shareholders, secured creditors, unsecured creditors and employees of distressed companies will all end up with better outcomes under the proposed corporate rescue procedure.
December 4, 2020 -
741Securities & TradingSGX RegCo Addresses Financial Reporting Challenges Amid Covid-19
SGX RegCo places emphasis on quality, reliability and appropriateness of interim financial reports, with particular regard to asset valuations and alternative performance measures used.
July 27, 2020 -
587Australia & NZ
ASIC Directs Listed Firms to Disclose Covid-19 Impacts
Firms should "tell the story" of how their businesses are impacted by the Covid-19 pandemic, including support and assistance received from government, lenders, landlords and others.
July 9, 2020 -
787Securities & TradingSGX RegCo to Scrap Minimum Trading Price Rule from 1 June
The MTP rule is described as a "blunt tool" for addressing risk of market manipulation, compared to more effective tools that target such manipulation directly.
May 11, 2020 -
767FeatureMalaysia SC Announces Capital Market Measures to Support Businesses
The measures include relief for publicly listed companies from PN17 (financial distress) classification, even if they fall below certain regulatory thresholds.
April 17, 2020
