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

confidence and prevent recurrence of the problematic issue. In response to the said incidents, the International Organization of Securities Commissions (IOSCO) issued “Principle of Auditor Oversight," to its

departmental manager and oversees the Accounting and Finance Department directly, whether or not the departmental manager of such companies should be considered as “executive". In response to the aforesaid

or not the departmental manager of such companies should be considered as “executive". In response to the aforesaid inquiry, the “person holding executive position in Accounting or Finance Department

)” –  liquid assets less liabilities and risk haircuts  –  to ensure that there are sufficient liquid assets to absorb losses, maintain stable financial status and, in the event of insolvency, prevent damage to