It also said it had commissioned an independent audit by one of the "big four accounting firms".
It requires audit committees of independent directors to exercise broad oversight, but in Germany firms don't even have audit committees.
It has also agreed to an independent audit of anti-money laundering efforts in the banking system.
It is weakly overseen without an independent audit and thus is able to intermediate the transformation of bad, illiquid assets into money (and near money) and then back again into valuable financial assets, all done secretly and anonymously.
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Meanwhile, Cupid is awaiting the results of an independent audit into the way it operates.
After all, it is not easy to get an independent audit of carbon accounts today, although firms such as PricewaterhouseCoopers are starting to try.
While the report indicates limited progress overall, it is decidedly more upbeat than an independent audit this month by the Government Accountability Office, which said Iraq had met three benchmarks, partially met four and failed to meet 11.
Corby Borough Council said it was also awaiting the Audit Commission's independent report.
It has rejected a plan by a group of independent universities to audit the electoral register.
It has added an extra independent director, and the duration of its audit committee meetings has tripled.
There is only one independent audit firm in Saudi Arabia registered with the PCAOB and it has never been inspected.
FORBES: Even A Big Four Audit Can't Nail Down Kingdom Holding Numbers
"The Audit Committee advised the company and its independent accountants that it had reached certain preliminary findings, including that there were likely violations of the books and records and internal controls provisions of the FCPA, " it said.
It requires financial firms to designate compliance officers, develop a training programme and create an independent audit process.
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