(Accounting), the Committee on Dumping and Subsidy, Ministry of Commerce • Commissioner, the Securities and Exchange Commission Board • Expert Member, Public Sector Audit Evaluation Committee, Office of the
Exchange Commission Example 3 : Risk assessment did not cover significant issues such as the business background of the board and shareholders, indicator of limited scope, the engagement team’s competency
fortify the firm’s quality control system. The SEC believes improvements on the following issues would further strengthen this element of the firm-level quality control. 13 Risk assessment during client
findings in human resources element in some audit firms as follows: Risk assessment criteria when accepting audit engagements The risk assessment form when accepting audit engagement in some firms equally
evidence during a planning phase and a substantive test phase, especially in the audit of revenue, risk assessment and response to the risk of fraud. In this regard, the SEC will support and closely monitor
. In addition, the SEC reiterates that listed companies should take action and consider various factors relevant to digital asset investment. For example, risk assessment and potential impacts, measures
algorithm based on a result of risk assessment and the required level of protection on sensitive and critical information. Also, such policy should identify persons responsible for implementing policy on the
the type, strength and quality of the encryption algorithm based on a result of risk assessment and the required level of protection on sensitive and critical information. Also, such policy should
. Audit procedures were not responsive to the assessed risks of material misstatements. For example, results from risk assessment procedures had identified the revenues account as being associated with high
companies are able to set a priority of works and allocate its resources for business continuity management effectively. At least, companies should conduct a risk assessment and business impacts analysis once