) certifying that if the auditor of such audit firm is granted an approval from the SEC Office, the audit firm shall monitor and improve the audit quality control system in compliance with the standards
significantly increased thanks to the audit firms’ devoted allocation of resources to develop quality control system, enhance quality of human resources, and invest in audit supporting technology to improve both
control system at the firm level and the individual engagement level, the SEC encourages all stakeholders to attain a better understanding and awareness of their roles within the ecosystem, from the
. Nevertheless, we remark that the audit firms should further develop and improve their quality control systems, especially in Engagement Performance and Monitoring elements which are essential for ensuring that
compliance and giving advice on how to improve the internal control system. For operational independence, the department is subjected to direct reporting to the Audit Committee. See details in the Audit
Department is in charge of reviewing the SEC's compliance and giving advice on how to improve the internal control system. For operational independence, the department is subject to direct reporting to the
reports on audit quality control systems for audit firms to reflect and improve on their audit quality. Meanwhile, stakeholders in the financial reporting ecosystem, especially the audit committee
from insufficient involvement of engagement partners and engagement quality control reviewers (EQCRs) and incomplete audit manuals as required by quality control standard. Findings by respective average
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SEC has opened for public comments to revise the regulations on supervision of fintech as there are some business operators applying fintech to improve their service efficiency for investors. For