Risk Bites issue No.6

2016 Issue No.6

In this latest Risk Bites, PwC shares recommendations on how to improve the internal control management frameworks on related party transactions. Also check out the key findings on the recent survey PwC did on companies complying with the revised Corporate Governance Code and Report. On the other hand, there are a few regulatory updates including:

  • BICPA issued audit points on revenue recognition for P2P companies.
  • HKMA recently announced the launch of the Cyber Fortification Initiative which allow banks to further improve their cyber resilience.
  • Mandatory Provident Fund (MPF) Trustees should also be aware of the upcoming implementation of Default Investment Strategy.

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