CPAs holding Practising Certificates, CPA Firms and Corporate Practices can log in to the AFRC’s Online Application System for:
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AFRC reprimands and fines Forvis Mazars CPA Limited HK$1.4 million and Grant Thornton Hong Kong Limited HK$2.32 million for widespread and systemic failures to archive files on a timely basis
3 Mar, 2026
The AFRC has sanctioned the two PIE audit firms Forvis Mazars CPA Limited (formerly known as Mazars CPA Limited) (Mazars) and Grant Thornton Hong Kong Limited (Grant Thornton) for widespread breaches of the 60-day archive requirement as well as deficiencies relating to their systems of quality control and management.
The AFRC has publicly reprimanded Mazars and Grant Thornton, imposed a pecuniary penalty of HK$1,400,000 on Mazars and ordered Mazars to pay the investigation costs and expenses, and imposed a pecuniary penalty of HK$2,320,000 on Grant Thornton and ordered Grant Thornton to pay the investigation costs and expenses.
For details, please click here.
