Internal Control | South China Morning Post
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  • Mar 7, 2015
  • Updated: 5:04am

Internal Control

Shirble Department Store shapes up after audit finds loopholes

Shirble Department Store shapes up after audit finds loopholes

Shirble Department Store has enhanced internal controls after its auditor found management loopholes in its sourcing and property acquiring process, which led to a delay in announcing its financial results.

Friday, 7 December, 2012, 3:23am

New standard for firms to put mainland on international stage

Auditors of all mainland-listed companies will have to give their opinions on the effectiveness of internal controls in the firms they are dealing with. This requirement takes effect on July 1 with the introduction of the mainland's first enterprise risk management standard.

The practice now is to give an opinion on the company's financial reporting only.

24 Apr 2009 - 12:00am

Lead audits for an accounting organisation

A fast-growing accounting firm wants a smart and sociable person for a managerial position.

Horwath Risk Advisory Services is a member firm of Horwath International and provides risk management, corporate governance, Sarbanes-Oxley compliance and internal auditing services.

22 Apr 2006 - 12:00am


The Securities and Futures Commission has reprimanded ASG Brokerages for poor internal controls and breaches of regulations. An SFC inquiry found ASG's internal controls had been inadequate for a long period.

25 Feb 2003 - 12:00am

SFC gives duty alert

A relaxation of the rules on the expansion of brokerages has prompted a warning from the Securities and Futures Commission on internal controls at branches and head offices.

Commission executive director David White said the regulator expected brokers to open more branches in the near future, after the stock exchange relaxed rules regarding branch expansion.

15 Aug 1997 - 12:00am

Internal controls barrier to fraud

The key to preventing and detecting commercial fraud is a strong internal control system, according to Nick Etches, partner of KPMG Peat Marwick and past president of the Hong Kong Society of Accountants.

18 May 1996 - 12:00am

Mainland rush hits controls, warns consultant

PRODUCTION controls are being left behind in the rush by mainland joint ventures to increase output and profits, a managing consultant at Price Waterhouse charges.

David Yeung said yesterday about half the ventures he reviewed were either shackling together incompatible management systems or using outmoded techniques.

30 Sep 1994 - 12:00am