Showing 233 - 240 of 303 results
Compensation and Nomination Committee
He held the position of Director of Audit at the Audit Commission of the Hong Kong SAR Government from 2012 to 2018. ... He has chaired the Hong Kong Institute of Certified Public Accountants Financial Reporting Standards Committee and has also been a member of the Standing Committee on Company Law Reform, the Stock Exchange Listing Committee, the Securities and Futures Appeals Tribunal, the Quality Assurance Council of the University Grants Committee, the Hong Kong Council for the Accreditation of Academic and Vocational Qualifications and the IFRS Advisory Council. ... With decades of experience in Chinese Mainland and Hong Kong, her background includes auditing, talent development and business transformation.
Board
He held the position of Director of Audit at the Audit Commission of the Hong Kong SAR Government from 2012 to 2018. ... 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.
Policy, Registration and Oversight Committee
Policy, Registration and Oversight Committee The Policy, Registration and Oversight Committee advises the Board on matters concerning policy research and guidance on governance issues, the registration and recognition of audit practitioners, practice units and PIE auditors, as well as oversight of the HKICPA's performance of specified functions, with the aim of improving the quality of audit and financial reporting. ... With decades of experience in Chinese Mainland and Hong Kong, her background includes auditing, talent development and business transformation.
Cross Agency Steering Group announces Strategic Priorities for 2026–2028
Building on the solid foundation of the 2023–2025 plan , the Steering Group’s strategic priorities for the next three years are anchored around two key pillars: Consolidate and strengthen efforts to solidify Hong Kong as a sustainable finance centre Strengthening the sustainability disclosure ecosystem, including sustainability assurance, supporting high-quality transition plan disclosure, and the effective use of technology.
Honorary Advisory Panel
From 2012 to 2019, he chaired the Board of Trustees of the International Valuation Standards Council, where he championed the global adoption and quality of International Valuation Standards, promoting consistency and confidence in valuation practices worldwide. ... Prior to his retirement in June 2014, Peter served as an audit partner in the Beijing office of KPMG China, bringing extensive expertise in delivering audit services for both PRC and international companies. ... He is currently a Senior Adviser at Information Systems Audit and Control Association (ISACA) and a member of CPA Australia.
FAQs - Complaints
The AFRC is not in a position to: Handle matters that are outside its remit of regulating the accounting profession in Hong Kong; Intervene in service quality issues, commercial disputes, private civil and employment matters or criminal matters; Act as your financial or legal adviser; Get your money back or provide compensation for any monetary loss suffered; and Start a formal investigation if the legal threshold under the AFRCO is not met. 2. ... Is the auditor responsible for responding to my enquiries and providing copies of the audited financial statements or other financial information to me as a shareholder? ... Therefore, an auditor is not responsible for responding to shareholders’ enquiries or providing audited financial statements or other financial information to shareholders upon request.
AFRC expects full compliance by auditors with relevant laws and regulations
It has come to the attention of the AFRC that in a recent decision notice, the Supervision and Evaluation Bureau of the Ministry of Finance of the People’s Republic of China has imposed a sanction on an individual certified public accountant in the Mainland for having accepted audit work from a Hong Kong PIE auditor in respect of certain audits of Mainland enterprises listed in Hong Kong on his own account rather than through the Mainland public accounting firm to which he belonged as required under Mainland law. Audit firms in Hong Kong are reminded that the fundamental principle of professional behaviour requires them to have a thorough understanding of, and strictly comply with, the applicable laws and regulations of any jurisdictions in which they practise or provide audit services, including those in the Mainland and all requirements under the “Interim Provisions on Accounting Firms' Provision of Auditing Services for the Overseas Listing of Enterprises in Mainland China” promulgated by the Ministry of Finance ( Interim Provisions ) which govern the provision of audit services by Hong Kong audit firms in respect of Mainland enterprises listed in Hong Kong. Under the Interim Provisions, a Hong Kong audit firm which has been engaged to perform an audit engagement of a Mainland enterprise listed in Hong Kong is required to enter into a cooperation agreement with a Mainland public accounting firm in respect of such audit services.
Completed investigation
Completed investigation 4 February 2020 On 4 February 2020, the FRC adopted the investigation report on the audit of the consolidated financial statements of a listed entity for the year ended 30 June 2015. The FRC found that the auditor and the engagement partner failed or neglected to observe, maintain or otherwise apply certain professional standards in the relevant audit in respect of the impairment assessment of the amount due to the listed entity from its subsidiary. The investigation revealed that the auditor and the engagement partner failed to properly perform the relevant impairment assessment in accordance with the relevant provisions of Hong Kong Standard on Auditing ( HKSA ) 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Hong Kong Standards on Auditing , HKSA 500 Audit Evidence , and HKSA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures.