AFRC reprimands Prism Hong Kong Limited, Kyaw Sai Hong and Yam Wai Man for conducting PIE engagements without the required registrations and imposes pecuniary penalties totalling HK$353,500

11 Sep, 2025

The Accounting and Financial Reporting Council (AFRC) has sanctioned the PIE auditor Prism Hong Kong Limited (Prism), Mr Kyaw Sai Hong (Kyaw) and Mr Yam Wai Man (Yam) for conducting various PIE engagements in 2023 without the required registrations, in contravention of sections 20D, 20E and 20V of the Accounting and Financial Reporting Council Ordinance (Cap. 588). The AFRC has:

issued a public reprimand to Prism, Kyaw and Yam;
imposed pecuniary penalties totalling HK$353,500, comprising penalties of HK$210,000 for Prism, HK$105,000 for Kyaw and HK$38,500 for Yam; and
ordered Kyaw and Yam to pay the investigation costs and expenses.

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