Overview
The AFRC exercises its statutory mandate to conduct investigations and enquiries, including conducting investigations into possible misconduct by PIE auditors and professional persons (including CPAs and practice units), and enquiries into potential non-compliance with accounting requirements by PIEs in their financial reports.
The AFRC may initiate an investigation and/or enquiry based on complaints from the public, whistleblower reports, referrals from other regulators, internal referrals arising from inspections of auditors, or its own financial statements review programme.
For an understanding of the legal framework under the AFRCO and the investigation function of the AFRC, please refer to the details set out in the following policy statements:
- Investigation Policy Statement for PIE Auditors, Non-PIE Auditors and Registered Responsible Persons
- Investigation Policy Statement for Professional Persons
- Investigation Policy Statement (in relation to audits or the preparation of specified reports completed for listed entities before 1 October 2019)
- Enquiry Policy Statement for Listed Entities
Complaints
Learn how your complaints support our regulatory oversight
Whistleblowing
Gain insight into our whistleblowing mechanism and its role
Bogus CPA
Understand our actions against "bogus CPAs" to protect the profession
Investigations
Learn more about the investigation process for PIE Auditors and Non-PIE Auditors, including their registered responsible persons, and professional persons
Enquiries
Gain insight into our enquiries into listed entities' reporting compliance
Financial Statements Review Programme
Understand our programme for monitoring listed entities' financial statements