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AFRC concludes 2024-25 oversight of HKICPA’s specified functions and recommends improvement for professional training and development
20 Aug, 2025

The Accounting and Financial Reporting Council (AFRC) today released the Annual Oversight Report (Report) on the Hong Kong Institute of Certified Public Accountants’ (HKICPA) performance of specified functions for the assessment period from 1 April 2024 to 31 March 2025.  The HKICPA has made notable progress in addressing the AFRC’s previous recommendations. However, concerns remain regarding its members’ compliance with continuing professional development (CPD) requirements.

 

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