Regulatory Alerts2017-05-19
Added · Updated
Amendments Proposed to Regulations on External Audit and Accounting
The proposed amendments to the Regulations on External Audit and Accounting exclude accounting firms criminally charged with audit misconduct from auditor designation, even during ongoing audit inspections. The severity of supervisory sanctions imposed prior to the completion of an audit inspection may be adjusted based on the inspection findings. These changes are subject to public comment until June 30, 2017.
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