Asia: Accounting and Audit

We conducted 209th webinar on "Industry Standards on Minimum Information to be Provided for Approval of RPT" on 21st February, 2025. Click here to view the recording...

Foreign companies are exiting China in record numbers as regulatory pressure, rising costs, and geopolitical risks reshape the landscape. Whether you're planning a full WFOE closure or a strategic downsizing...

The Securities Exchange Board of India ("SEBI") by Circular No. SEBI/HO/MRD/TPD/CIR/P/2025/50 dated 04.04.2025 ("Circular") has prescribed the standardized format for System and Network audit report of Market Infrastructure Institutions ("MIIs").

The use of email in offices is a common characteristic of modern-day workplaces that has revolutionized communication—both intra-company as well as with outside clients. However, new technologies have also made it possible for employers to effortlessly monitor office email used by the employee, thereby violating the employee’s right to privacy

MetLife's Institutional line of business asked experts to work with the eBusiness application development team to help it establish and build an integrated service portal. The new portal would provide a single point of access to all products and allow individuals to perform online self-service such as enrollment, benefit inquiry and other transactions using electronic signatures.

In 1886, a telegraph operator was able to obtain a shipment of watches that was refused by a local jeweller. Using the telegraph, he sold all the watches to fellow operators and railroad employees. Within a few months, he had made enough money to leave his job and start his own store.

Companies may have to again change procedures for determining and paying dividends if the government changes the rules.

Last month, the ATO signalled a low tolerance for highly engineered cross-border structures when it dramatically sought to impose tax on TPG’s $1.5 billion profit on the Myer float. In the course of the ATO’s frantic efforts to secure a slice of the Myer millions, it issued two draft determinations last Friday setting out the circumstances in which it will challenge similar private equity arrangements.

Amidst a tumultuous and challenging time for financing infrastructure projects, we are seeing new and innovative models of delivery, which may assist market recovery with appropriate government support.

The Accounting and Financial Reporting Council (AFRC) serves as the regulatory body overseeing the accountancy profession in Hong Kong.

會計及財務匯報局（Accounting and Financial Reporting Council, "AFRC"）是香港負責監管會計專業的法定機構，其職責在於維持高水平的財務報告並確保利益相關者的信心。

CFOs today frequently face questions about digital transformation. Digital transformation in finance and accounting offers mid-size companies the promise of enhanced efficiency, accuracy, and strategic decision-making.