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Completeness of FX gain in money changer or payment service

  • Writer: Thomas Tsang
    Thomas Tsang
  • May 13, 2021
  • 1 min read

In the money changing and payment services provider, the completeness in FX gain is always a challenge to auditor.


We have to rely on corroborative evidence such as statements from agents for remittance and reasonableness test on FX gain.


Also, the MAS reporting is limited assurance work.

 
 
 

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