more deficiencies than others. Despite the 3 inspection cycle result, the audit firms had already rectified several of the significant findings, namely the involvement of auditors and engagement quality

engagement performance. There are, however, remaining issues that are yet to be resolved, which are discussed in the following details. Low level of involvement in audits by engagement partners and EQCRs 1-24

Guideline on Consideration of Natures of Giving Advice to Public Not Being Regarded as Engagement in the Securities Business in Category of Investment Advisory Service

Prescribing Natures of Giving Advice to Public Not Being Regarded as Engagement in the Derivatives Business in the Category of Derivatives Advisor

engagement partner and EQCR involvement are appropriate and sufficient. Audit staff in most audit firms are required to keep records of their work hours in the system or relevant forms. For 2015 inspections

Audit Firm Name: Subject : ENGAGEMENT PERFORMANCE Prepared by Date ENGAGEMENT PERFORMANCE : Policies and procedures should be established to provide the firm with reasonable assurance that the work

whenever necessary; Insufficient involvement of engagement partners and EQCRs in the engagement performance, such that their level of involvement does not correlate with level of audit risks, and thus

Enhancing Financial Reporting Quality Summary of Audit Inspection Results A. Firm-Level B. Engagement-Level Root Cause Analysis Framework and Focuses in 2021 Essential Statistics Auditing Landscape in

, embraces transition to change, creates awareness, supports and facilitates, and fosters engagement to ensure a smooth, effective and sustainable transition.“Most importantly, the SEC’s hands-on approach to

, and our commitment to implementation consistent with our role and fiduciary responsibilities: Principle 1: Adopt a clear written Investment Governance Policy. Principle 2: Properly prevent and manage