of audit firms has been an ongoing challenge, as a result of high turnover rates, coupling with low interests in this profession. With this concern in mind, the SEC and the Association of Chartered

find that sufficiently high earnings persistence drives a string of earnings in the absence of a strong time trend in earnings. 6/29/2015 9 1st Question • To the extent that investors employ past

their duties to the fullest extent. Throughout 2019, the SEC organized training sessions and seminars on emerging issues with significant changes to stakeholders at all levels, e.g., executive officers of

the extent that the Institutional Investors and their clients are best served by the Related Service Providers. Investment Governance Code 41 Principle 3: Institutional Investors Should Make Informed

, audits of revenue recognition based on the percentage of completion method, and assessments of the appropriateness of management’s use of going concern assumption. Our root cause analysis has revealed that

decision making by company boards and should reflect the extent to which this is embedded practice. Sustainability or corporate social responsibility (CSR) reports serve a useful purpose for multiple

pressure to meet directly with board members on sustainability topics of mutual concern. The pressures on investors to increase their levels of engagement with companies (and also with regulators and other

the factor being used to perform risk assessment; the scoring matrix of each criteria; and the complete and precise response to risk identified by consider nature, timing and extent of the audit. - Most

the firm’s quality controls. Furthermore, it is expected that the firms appropriately respond to the assessed risks in all relevant aspects, including scope, timing and extent of audit works, since this

) rather than four key areas of concern as previously; and • Timely reporting of material developments. 6 ASEAN GREEN BOND STANDARDS 2018 DEFINITIONS In these standards, the following terms shall have the