Financial event focuses on capital market monitoring
The Institute of Internal Auditors (IIA), R.O.C. (Taiwan) has organized an event inviting executives from major financial institutions to give talks on better monitoring and management of the capital market.
The event was jointly organized with the Accounting Research and Development Foundation in Taiwan, the Taiwan Stock Exchange Corp. (TWSE) and KPMG in Taiwan.
The invited speakers were TWSE Chairman Lee Shushder, KPMG in Taiwan Chairman Andrew Yu and HSBC Taiwan President and CEO John Li.
IIA President and Chief Executive Officer Richard F. Chambers also gave a talk, and a Chinese translation of his book, “Lessons Learned on the Audit Trail,” also debuted during a press conference.
Chambers talked about how internal audits can be strengthened: better evaluation of the risks and implementation of the controls; continued efforts for monitoring; and evaluation of the effectiveness of internal controls.
Lee in his talk described how internal audits can raise the efficiency of the capital market, while Yu noted how accountants can help increase the transparency of companies’ financial information.