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  • Thomas Tsang

Non compliance with laws and regulations

The new ACRA code of conduct and ethics effective 1 Mar 2021.


Section 360 - Responding to non-compliance with laws and regulations


When as auditor we aware of identified or suspected non-compliance with laws and regulation, we need to communicate with management or directors. We shall comply with the guidelines as how to address it.


We shall consider further action such as disclosing to authority, and withdraw from engagement in order to satisfy for the interest of the general public.


The past practice of issuing management letter to directors is no longer sufficient under the code.

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