Fi­nan­cial event fo­cuses on cap­i­tal mar­ket mon­i­tor­ing

The China Post - - LOCAL -

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.

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