FRAUD CASE REACTION: From next year, public accountants must audit the financial statements of foreign-registered companies every six months as opposed to annually
Date: Dec 07, 2020
By:. Chen Cheng-hui / Staff reporter
In a written report to the Legislative Yuan, the commission said that it is scheduled to brief lawmakers on its measures to supervise the management of so-called “KY stocks” at a meeting of the legislature’s Finance Committee today.
KY stocks refer to overseas Taiwanese businesses with a primary listing on the nation’s main board.
The Taiwan Stock Exchange on Aug. 18 suspended trading of Pharmally shares pending the company’s second-quarter financial statement and the results of the investigation into Huang, who disappeared on Aug. 6 and is reportedly in Singapore. [FULL STORY]