- annual renewal of practising certificates
- annual renewal of CPA Firm, Corporate Practice and PIE Auditor registrations; and
- application for registration as a Registered PIE Auditor.
Policy and Oversight
Investigations & Enquiries
Recognition of Overseas Auditors as PIE Auditors
Under the Accounting and Financial Reporting Council Ordinance (Cap. 588) (the AFRCO), the AFRC is empowered to recognize overseas auditors as recognized PIE auditors under Division 3 of Part 3 of the AFRCO.
An overseas auditor intending to undertake (i.e. accept an appointment for carrying out) or carry out any PIE engagement for an overseas entity, is required to be recognized as a recognized PIE auditor.
An application for recognition of an overseas auditor should be made by the overseas entity intending to appoint an overseas auditor to carry out its PIE engagement. The overseas entity is also responsible for coordinating with the proposed overseas auditor for the submission of recognition application.
Please refer to the following documents for more details on the application process.
|Guide||The Guideline outlines the criteria and procedures for a new or renewal application, and related procedures for complying with the ongoing notification requirements.|
|Forms||The Forms set out the information, confirmations and undertakings required from applicants.|
|Fee Schedule||The Fee Schedule sets out the fees for the recognition of a PIE auditor and annual renewal.|
|Frequently Asked Questions||The Frequently Asked Questions provided answers to frequently asked questions.|
|Policy Statement||The Policy Statement provides an overview of the legal regime.|
An auditor who has been endorsed as being qualified to act as the auditor for a corporation incorporated in Mainland China and listed in Hong Kong under the mutual recognition agreement between Mainland China and the Hong Kong SAR (the Mutual Recognition Agreement), will be recognized as a PIE auditor without a recognition application being made to the AFRC.
The recognition is valid as long as the Mutual Recognition Agreement is in force and the endorsement under the Mutual Recognition Agreement has not been withdrawn. The auditor may carry out any PIE engagements for a corporation incorporated in Mainland China and listed in Hong Kong and must carry them out in accordance with the China Accounting Standards for Business Enterprises or the Mainland Auditing Standards.
However, if there is a change in full name, business address, telephone number and/or electronic mail address of a recognized PIE auditor in Mainland China, the auditor must, within 14 days after the day on which the change takes place, inform the AFRC of the change.