Showing 153 - 160 of 274 results
AFRC welcomes CSRC’s five measures on capital market cooperation with Hong Kong
As one of the leading international financial centres, the financial reporting and audit quality in Hong Kong is internationally recognised. Experienced accounting professionals can provide high-quality audits to listed companies, which can effectively protect the interests of investors and create a virtuous cycle for enterprises to continue listing in Hong Kong. AFRC will continue to play a regulatory role in safeguarding the quality of financial reporting, thereby ensuring the quality of audits of listed companies and promoting the sustainable development of the accounting profession.
Press Releases
Press Releases AFRC issues a follow-up open letter to reiterate expectations on auditor changes 11 January 2023 AFRC welcomes the Government’s appointments to the Process Review Panel 27 December 2022 Audit Focus for 2022 year-end audit 22 December 2022 AFRC stresses the integrity of Hong Kong’s accounting regulatory regime 16 December 2022 AFRC urges CPAs (Practising), CPA Firms and Corporate Practices to renew registrations by 15 December 2022 8 December 2022 AFRC publishes the Complaint Guidelines 7 December 2022
AFRC issues 2024-25 Annual Report
During the reporting period, the AFRC issued 15 publications and conducted 54 stakeholder engagement activities, reaching over 25,500 stakeholders and raising awareness on critical issues related to audit quality, corporate governance, and regulatory compliance. The Report underscores the AFRC's commitment to advancing the accounting and audit profession through initiatives such as the first Regional Regulatory Forum, strengthened industry collaboration, a knowledge and guidance video series designed for small to medium practices, and timely guidance on emerging issues via various channels. ... We are committed to maintaining the highest standards of audit quality and financial reporting, thereby protecting stakeholder interests and reinforcing Hong Kong’s role as an international finance centre."
Press Releases
Press Releases ICAC signs MoU with FRC to enhance collaboration in upholding the integrity of the financial market 29 September 2021 FRC collaborates with IFEC to promote financial literacy on audit related topics to retail investors 8 September 2021 FRC completes second investigation with working papers obtained under MoU with the Supervision and Evaluation Bureau of the PRC Ministry of Finance 23 August 2021 FRC investigates Next Digital financial statements and audits 18 August 2021 Further reform of accounting profession regulatory regime 16 July 2021 FRC welcomes new appointments and reappointments to the Financial Reporting Review Panel and expresses sincere gratitude to retiring members 15 July 2021
Manager
Policy, Registration and Oversight Manager Responsibilities Undertake high-impact research on audit, financial reporting, and governance to inform policies that strengthen the accounting ecosystem. Monitor global and local developments in professional standards and develop practical guidance that elevates audit and reporting quality. ... At least 3 years of relevant post-qualification experience in audit. Motivated and have a strong desire to develop a long-term career within a regulatory body.
Press Releases
Press Releases AFRC welcomes the Government’s reappointment/appointment of Non-Executive Directors and an Executive Director to act as the CEO 29 September 2023 Appointments to Accounting and Financial Reporting Review Tribunal 29 September 2023 Appointments to Accounting and Financial Reporting Council 29 September 2023 AFRC urges auditors and audit committees to follow Guidance Notes on Change of Auditors 28 September 2023 AFRC holds Briefing on its 2022 Annual Inspection Report to urge Quality Control System Responsible Persons of registered PIE auditors to enhance audit quality 27 September 2023 AFRC Investigation Report shows auditors’ inadequate response to increasing incidence of fraud in financial statements 4 September 2023
Press Releases
Press Releases AFRC sets out its position on documentation of an auditor’s work on “other information” included in the annual report of a listed entity 28 April 2023 AFRC issues the Audit Fee Report and 2023 Survey Report on the implementation of Guidelines for Effective Audit Committees – Selection, Appointment and Reappointment of Auditors 24 March 2023 AFRC’s Briefing at LegCo Panel on Financial Affairs on 2023-24 budget 17 March 2023 Celebrating a major milestone for the accounting profession – 50th anniversary of the accounting profession 2 March 2023 AFRC welcomes the Government’s 2023-24 Budget 22 February 2023 Joint statement on the designation “Fellow of the Hong Kong Institute of Certified Public Accountants (Practising)” 16 January 2023
Press Releases
Press Releases AFRC emphasises the importance of adherence to registration requirements for carrying out PIE engagements 17 January 2025 Driving quality improvement – Setting the right tone at the top for performing an effective root cause analysis and remediation 31 December 2024 AFRC welcomes the 2023-24 Annual Report and new appointments of the Process Review Panel 31 December 2024 AFRC reprimands BDO Limited and two others for serious audit breaches, imposes fines totalling HK$1.456 million and gives its first direction for additional CPD in disciplinary case 20 December 2024 AFRC Hosts Landmark Regional Regulatory Forum 2024 to Restore Public Trust in the Accounting and Audit Profession 2 December 2024 AFRC welcomes appointment of Chairman 8 November 2024