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25 November 2025

Regulators tackle audit flaws

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. What systemic failures did Singapore's Accounting and Corporate Regulatory Authority record in its 2024 audit regulatory report?

  2. Which authority is expanding its audit file reviews due to widespread compliance failures?

  3. Which country's state bank has set tougher governance rules for financial institutions?

  4. According to a Deloitte survey, what percentage of South-East Asian CFOs expect AI to help automate routine and transactional processes?

  5. According to a Deloitte survey, what percentage of South-East Asian CFOs say that AI can help plan, forecast and analyse business decisions?

  6. Which of the following statements is true? Statement 1, audit firms should develop sector-specific frameworks. Statement 2, audit firms should provide locally relevant assurance

  7. In which jurisdiction has comprehensive guidance for virtual asset trading platforms been issued?

  8. Why can virtual assets lead to material errors?

  9. Which of the following statements is true? Statement 1, blockchain-based transactions are at risk of being incomplete. Statement 2, blockchain-based transactions are less susceptible to fraud

  10. How can organisations spot potential quality issues early?

1 Unit

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