FRC welcomes the appointments to Financial Reporting Review Panel

9 Jul, 2020

The Financial Reporting Council (FRC) welcomes the appointments of 4 new members namely, Prof. Gu Zhaoyang, Prof. Hung Ming Yi, Prof. James Arvid Ohlson and Prof. Wang Xin, to the Financial Reporting Review Panel by the HKSAR Government today.

Dr Kelvin Wong, Chairman of the FRC, remarked, “In recent months, we have witnessed an avalanche of local and global unusual accounting and auditing incidents. Incidents including resignations of auditors, rows between listed entities and their auditors and accounting fraud remind us of the importance of early detection of possible non-compliance with accounting requirements in financial reports of listed entities and its effectiveness as a safeguard to public interest. By banking on the professional expertise of the FRRP, the FRC has been able to effectively conduct enquiries concerning non-compliance with accounting requirements in financial reports of listed entities and require the entities in question to remove the non-compliance where appropriate.” For details, please click here

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