equal access to information. Information must be accurate, reliable, adequate and timely. In addition, information should be both financial and non-financial which reflects the strengths and weaknesses of
position or the condition that can access inside information through performance of duties; (5) Juristic person whose business is under control of the persons under (1) (2) (3) or (4). Trading
position or the condition that can access inside information through performance of duties; (5) Juristic person whose business is under control of the persons under (1) (2) (3) or (4). Trading
effect Access to information Require approval of the shareholders Self-preservation of rights/ general approval from the SEC Require approval of the shareholders with disclosure of sufficient
will be capable of regular monitoring the quality of audit work performed by such auditor, which resembles the international supervisory framework. The audit quality control regulatory shall be performed
audit quality control system of the audit firm. As such, the auditing must be carried out under the good quality control system both at firm level and engagement level. In response to the aforesaid, the
found in various jurisdictions raised serious concerns among capital market regulators on the quality of financial statements and more stringent quality control on audit work has been imposed to regain
to ensure the compliance with the ISAs, and c) inspecting the audit firm's quality control system to ensure compliance with the ISQM 1. 2.8.2 Checking whether applicant's
, b) inspecting audit works performed by the applicant to ensure the compliance with the ISAs, and c) inspecting the audit firm's quality control system to ensure compliance with the
) have measure to control and manage risks associated with business operation; (4) have effective measure on internal control with respect to business operation; (5) have operational system promptly for