All posts tagged "inspections"
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300ChinaChina Issues New Guidelines on Accounting Firm Inspections
Inspections will assess whether accounting firms have adequate information security and systems for screening audit work papers for "secrets".
May 18, 2022 -
878ChinaUS-China Talks on Audit Cooperation in ‘Late Stage’ – Reports
The talks are described as "late stage" due to concessions made by the CSRC. The SEC has added over 80 more companies to a list of Chinese firms that could be delisted in New York.
May 9, 2022 -
453ChinaChina, US Discuss Logistics of Cross-border Audit Inspections
Regulators are discussing the logistical and operational details for a new mechanism that will enable the PCAOB to visit China for audit inspections.
May 4, 2022 -
324AML / KYCKorean Police Arrest Woori Employee for Embezzlement
The theft occurred in three separate withdrawals between 2012 and 2018. It went undetected despite 11 inspections and audits at Woori during the period.
May 3, 2022 -
459ChinaPBOC Amends Bank Inspection Rules and Penalty Procedures
The PBOC will make "full use" of the Internet, big data and other technical means in off-site inspections and strengthen the collection and sharing of regulatory information.
April 22, 2022 -
585FeatureFSC Korea to Relax Network Separation, Cloud Computing Rules
The rule amendments seek to address excessive regulations that have hindered digital transformation efforts in the financial sector.
April 20, 2022 -
721ChinaCSRC Accelerates Work to Update Rules for Overseas Listings
To enable US regulators to participate in domestic on-site inspections, CSRC chairman Yi Huiman said China may need to become a signatory to IOSCO's EMMoU.
April 13, 2022 -
485Fintech / RegtechKorea FSS Commences Inspections of Internet-only Banks
The FSS is set to conduct 779 regular or occasional inspections on financial firms throughout this year.
April 7, 2022 -
897AML / KYCSingapore Tightens Laws on Technology Risk, Crypto Assets
FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.
April 6, 2022 -
2.9KJapanBOJ Publishes Details on Planned Bank Examinations for Fiscal 2022
Key areas of focus for the BOJ will be to assess how banks are managing climate risk, credit risk, cross-border loans, and cybersecurity.
April 6, 2022
