financial disclosure system of the entities and auditors, the SEC has revised the rules on approval of auditors by prescribing additional qualifications and prohibited characteristics of auditors, as well as

under the good quality control system both at firm level and engagement level.  In response to the aforesaid, the SEC has revised rules on granting approval of auditors in its continuing efforts to

SEC, in 2010, had revised the rules on approval of auditors by prescribing that the auditor to be approved by the SEC must be attached to audit firms that have audit quality control system in accordance