AFRC Issues 2025–26 Annual Report

The Accounting and Financial Reporting Council (AFRC) today published its 2025–26 Annual Report for the financial year ended 31 March 2026. Themed “Accounting for the Future”, the Report sets out the AFRC’s work in promoting audit and financial reporting excellence, reinforcing Hong Kong’s position as a global financial hub, and supporting the long-term growth and resilience of the accounting profession.

During the reporting period, the AFRC issued 16 publications and held 102 stakeholder engagement activities, reaching more than 37,000 stakeholders, and provided insights and guidance on regulatory compliance, audit quality, corporate governance, AI innovation, and sustainability. The AFRC continued to strengthen its organisational capabilities by fostering talent development, enhancing digital and operational workflows, and improving internal processes to drive greater organisational effectiveness and regulatory efficiency.

The Report also outlines the AFRC’s progress in safeguarding financial reporting integrity and audit quality through its robust registration, inspection, and enforcement functions.

Ms Janey Lai, Chief Executive Officer of the AFRC, said, “Audit excellence is essential to public trust, financial integrity, and sound corporate governance. Credible and transparent financial reporting gives companies and investors the assurance they need to manage risk effectively and make informed decisions.”

Dr David Sun, Chairman of the AFRC, said, “In a fast-changing world, trust remains our most valuable currency. It is built through ethical leadership, strong governance, professional excellence, and shared responsibility. By reinforcing both regulation and development, we aim to foster a resilient, trusted, and future-ready profession that supports Hong Kong’s long-term competitiveness as an international financial centre.”