prescribing that the auditor to be approved by the SEC must be attached to audit firms having audit quality control system in accordance with the prescribed standard. The rules and regulations on approval shall
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
Education, Science, Research, and Innovation Member of the Governmental Accounting Standard and Policy Committee & Internal Audit Quality Assessment Committee, the Comptroller General’s Department, Ministry
audit quality management system shall comply with the international standard on quality management established by the International Federation of Accountants (ISQM 1), and having at least 5 audit staff
sufficient and reliable for supervising its auditor's work in compliance with the professional standards on a continuous basis. Such audit quality management system shall comply with the international standard
> Financial Reporting and Audit Oversight > Auditor Supervision > Quality Assurance & Review Regulations SHARE : Detail Content Financial reporting and audit oversight 2. Auditor
Organization of Securities Commissions (IOSCO) Established in 1983, the IOSCO is the international body that brings together global securities regulators and is recognized as the global standard setter for
(IFIAR) Financial Accounting Standards Board (FASB) International Accounting Standard Board (IASB) Supporting Accounting Profession to be in line with International Standards Auditor Supervision
Regulatory Summary of Approved Auditor in Capital Market Related Rules and Regulations Related Forms Quality Assurance & Review Independent Audit Oversight Handbook for approval of foreign auditors