were honoured to host the first ASEAN Capital Market Forum in which securities regulators agreed to work towards mutual recognition of standards. In November 2004, we signed a Letter of Intent with Hong
has seen corporate governance regulation tightened has been accompanied by a change in the attitudes and behaviour of some market participants. The increasing recognition by regulators, listed companies
’ resources. • Audit firms need to recruit new staff for this. • regulators focusing on whether firms are competing on price rather than on audit quality 2. Political Environments Audit Committees : possibility
recognition 11) taxation 12) other unique matters, that is, related parties’ balances and transactions, specific accounting practices and issues, violations of debt agreements, rehabilitation plan, and
of audience including policy makers, regulators, institutional investors and finance industries. The EU-Asia Financial Services Dialogue is timely as it provides all of us an opportunity to exchange
and activities of firm directly. 1. cutting Research and development (R&D) or expenses and advertising 2. premature revenue recognition by offering prices discounts, expand credit terms, sales of
BACKGROUND 2 • Family capitalism • Economic development • Generational change • Internationalization • Minority oppression OBJECTIVES 3 Academics Regulators Icons Created by Dooder - Freepik.com Investors
is recognised with the European Union (“EU”), World Bank, and audit regulators in ASEAN countries. In addition, the SEC was accepted as a Member of the International Forum of Independent Audit
., business combination, impairment of assets, revenue recognition using percentage of completion method and general IT controls (“GITC”) • Using the work of an auditor's expert, e.g., engineer and appraiser
• Key contribution: Only one other laboratories. Not all financial institutions can capture regulators. Regulator roles different. IMPORTANCE OF INVESTMENT ADVISERS IN USA FIDUCIARY DUTY • In USA