The most common auditing irregularities involved failures to perform engagement quality control reviews adequately, and to obtain sufficient audit evidence.
November 9, 2021New powers will allow MAS to issue legally-binding directions to FIs in relation to unregulated business in bitcoin futures and other payment token derivatives traded on overseas exchanges.
July 5, 2021The HKMA's enforcement standards with respect to insurance intermediary business of banks mirror those adopted by the IA.
July 2, 2021The regulator said it discovered illegal trading activities by CEO Lee Jin-kuk during an inspection of Hana Financial Investment last year.
February 9, 2021The FSS is reportedly looking into Shinhan’s governance structure ahead of the end of its current chairman’s term in March 2020.
October 8, 2019Hong Kong's Financial Reporting Council will be able to access audit papers located in the mainland "through an effective mechanism and clear procedures".
May 28, 2019Six-month central bank inspections to focus on quality of financial information as part of plan to unify statistical management operational mechanisms.
May 30, 2018Treasury for Financial Services and the Treasury says FRC to given independent oversight, inspection and disciplinary powers.
January 20, 2018