, e.g., the SEC's internal database, financial statement analysis, annual report analysis, and news on listed companies. Under the holistic risk-based approach, workpapers inspection can cover risky

areas. The latest inspection on 29 audit firms in the capital market revealed that 86 percent of the inspected audit firms received either “acceptable” or “very satisfactory” rating for their quality

offering of complex and risky financial tools and services now requires investors to complete an assessment test to confirm understanding of the products or services, as well as ensuring analytical reports