Showing 209 - 216 of 274 results
Press Releases
Press Releases FRC welcomes the Government’s appointment of the Chief Executive Officer and Executive Director of the FRC 8 October 2020 FRC appoints Ms Grace Hui as an Honorary Adviser and a Member of the Inspection Committee 7 October 2020 FRC Expresses Profound Gratitude to the Retiring Non-Executive Directors (NEDs) and Welcomes the Government’s Appointment/Reappointment of NEDs 10 September 2020 FRC Welcomes the Appointments to Financial Reporting Review Panel 9 July 2020 Completed investigation on the audit of the consolidated financial statements of a listed entity for the year ended 31 March 2017 9 July 2020 Financial Reporting Council welcomes the 2019 Annual Report of the Process Review Panel 24 April 2020
Press Releases
Chiang & Co. for serious violations of fundamental auditor independence requirements 22 May 2025 AFRC Reaffirms Commitment to Integrity in Response to Allegations Against Accountants 9 May 2025 AFRC sets out Strategic Priorities for 2025-2027 31 March 2025 AFRC welcomes the Government’s 2025-26 Budget 26 February 2025 Cross-Agency Steering Group sets 2025 priorities to support growth of sustainable finance in Hong Kong 6 February 2025 AFRC Study Advocates for Improved Sustainability Assurance Practices and Urges Auditors to Incorporate Climate Risks in Financial Audits 27 January 2025
Press Releases
Press Releases AFRC advocates healthy practices in auditor appointments and audit fee setting to safeguard public trust 31 July 2025 AFRC presents key findings and insights from its Inspection and Investigation & Compliance Reports to strengthen Transparency, Regulation, and Development 29 July 2025 AFRC welcomes new appointments and reappointments to the Financial Reporting Review Panel and expresses heartfelt gratitude to retiring members 11 July 2025 AFRC issues 2024-25 Annual Report 9 July 2025 AFRC announces appointment of new Honorary Advisers 30 June 2025 AFRC reprimands Wu Kam Shing for CPA misconduct and imposes pecuniary penalty of HK$200,000 following insider dealing determination 27 June 2025
Speeches and Presentations
Speeches and Presentations AFRC Head of Policy, Registration and Oversight Ms Mary Leung’s presentation in the ACCA Panel Discussion titled ‘Exploring Ethical Practices’ 31 October 2023 Chairman Dr Kelvin Wong’s keynote speech at the Actuarial Society of Hong Kong's IFRS 17 Conference 25 October 2023 Chairman Dr Kelvin Wong’s remarks at the Farewell party with the CEO 28 September 2023 AFRC Head of Discipline Ms Hester Leung’s presentation at The ASEAN Audit Regulators Group (AARG) and Financial Statements Surveillance Group (FSSG) workshop 26 September 2023 Briefing session with PIE auditors: 2022 Annual Inspection Report 22 September 2023 Chairman Dr Kelvin Wong’s remarks at the AFRC Housewarming Cocktail Reception 15 September 2023
Inspection Committee
She currently serves as member of various public service committees, including the Standing Commission on Civil Service Salaries and Conditions of Service, the Standing Committee on Company Law Reform, the Consumer Council Audit Committee and the Transport Advisory Committee. ... With decades of experience in Chinese Mainland and Hong Kong, her background includes auditing, talent development and business transformation. ... During his illustrious career at Deloitte China, Mr Lip held senior leadership roles, including Audit Managing Partner, Chief Quality and Ethics Officer, and Reputation and Risk Managing Partner.
Speeches and Presentations
Speeches and Presentations Acting CEO Ms Janey Lai's remarks at LegCo Panel on Financial Affairs on 2024-25 budget 5 February 2024 Chairman Dr Kelvin Wong’s remarks at LegCo Panel on Financial Affairs on 2024-25 budget 5 February 2024 Presentation for members of the Hong Kong Independent Non-Executive Director Association (HKiNEDA) relating to Guidelines on Selecting Auditors and Setting Audit Fees 28 November 2023 Chairman Dr Kelvin Wong’s remark at the Hong Kong Institute of Directors’s Annual Dinner cum Presentation of Directors Of The Year Awards 2023 23 November 2023 Chairman Dr Kelvin Wong’s presentation at the Chartered Institute of Management Accountants (CIMA) Annual Conference 2023 20 November 2023 Presentation on 2023 CPD Carnival Day 18 November 2023
FRC publishes articles with IFEC to educate retail investors
Dr Kelvin Wong, Chairman of the FRC said, “It is encouraging to learn that our readerfriendly, audit related articles have drawn the attention of the general public and the media. The FRC takes it as our responsibility to educate the public on essential financial reporting and audit knowledge, thereby enabling them to understand the key messages and implications embedded in the financial statements and the auditor’s report.
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
However, in 2023, Prism, as the auditor in seven PIE engagements, authorised Kyaw to act as the engagement partner or engagement quality control reviewer in six of those audit engagements, and authorised Yam to act as the engagement quality control reviewer in one of those audit engagements, and Kyaw and Yam acted in such capacities without the required registrations. ... These requirements ensure that PIE engagements are conducted by individuals who are properly qualified and their audit work is subject to the AFRC’s regulatory scrutiny.