In a statement China’s top securities regulator said, Beijing plans on further opening its capital markets to foreign investors with an aim to pursue pragmatic cross-border cooperation to regulate overseas-listed Chinese companies. In recent months, global investors have been spooked… Read More ›
Alibaba and SoftBank-backed China’s biggest mobile device power bank startup Energy Monster has been caught in an ownership dispute which clouds its chances of a Nasdaq debut, already buffeted by new U.S. regulations to delist foreign companies that do not… Read More ›
On Tuesday, in a statement Japan’s Finance Minister Taro Aso stated, Tokyo has decided that it will allow companies to extend the deadline for submission of securities and financial reports until the end of September. The decision comes midst difficulties… Read More ›
KPMG will have to increase its due diligence on meeting auditing standards. In a development that yet again highlight the poor performance of accounting firm KPMG, Britain’s accounting watchdog has levied a fine of $4.24 million on KPMG for failing… Read More ›
According to the Accounting Oversight Board, it faced headwinds in inspecting the auditing work of 224 U.S.-listed Chinese companies which have a combined market capitalization of $1.8 trillion. In a significant development, a bipartisan group of U.S. lawmakers have introduced… Read More ›
Carillion’s collapse has angered lawmakers who called on the FRC to consider breaking up the “Big Four” accountants in order to increase competition and audit quality. On Tuesday, Britain, financial watchdog, the Financial Reporting Council (FRC) stated, it has opened… Read More ›
Although the measures adopted by the FRC are strong, in comparison to penalties imposed by Britain’s Financial Conduct Authority they are still small. On Monday, in a significant development, the Financial Reporting Council (FRC) disclosed that it has accepted the… Read More ›
Christian Sewing has been a member of the bank’s management board since 2015; he was responsible for overseeing its private and commercial bank division, which includes the Postbank retail banking unit. In a significant development, Deutsche Bank, Germany’s biggest lender,… Read More ›
Both, Fiat Chrysler and the United Auto Workers union have denied knowledge of the scheme. Three people were indicted in this pay off scheme. On Wednesday, a former vice president of Fiat Chrysler has been indicted for making $1.2… Read More ›
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