compliance issue in particular, such as a case of significant fraud, any instance of corruption or human rights violation or any other material violation of the law could significantly harm the Group's

to be less informative or even uninformative. However, there has been doubt about whether expanded audit reports with KAMs are really informative to investors. Contributions This study provided the

Principles (the “SLBP”). The Framework will include the Issuer’s commitment to achieve specific targets (“Sustainability Performance Targets” or “SPTs”) regarding three environmental Key Performance Indicators

which non-audit services possibly create threats to auditors’ independence, the audit firms should set up appropriate safeguards to eliminate or reduce those threats to an acceptable level. In some cases

expertise (Cenker & Nagy, 2008) - clients’ financial restatements regarding fraud or changing from reporting profit to reporting loss (Y. Huang & Scholz, 2012) Literature review- Audit firm change Cons: - For

and their independence evaluation such as the substance of the issues, the details of any judgments made or discussions held, any safeguards set up to reduce threats to their independence, and the

financial statements are free from material misstatement, whether caused by fraud or error. Yet, our audit inspections have uncovered the following deficiencies: In some engagements, the auditors did not

assurance work. Most of the firms had already deployed policies to address those matters; however, the policies may not be able to eliminate or reduce the threat to an acceptable level. As a result, the SEC

over the previous year, with some findings in the substantive procedures of complex transactions or transactions that required intensive judgment. The firms can remedy deficiencies by increasing the

corporate governance frameworks reduce investor confidence, and can discourage outside investment. Also, as pension funds continue to invest more in equity markets, good corporate governance is crucial for