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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

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

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 FRC welcomes the Government’s reappointment of an NED 30 September 2022 AFRC Launch Ceremony to inaugurate the commencement of the new regulatory regime of the accounting profession 30 September 2022 Hong Kong Police Force signs MoU with FRC to enhance collaboration in upholding integrity and fairness of financial market 16 September 2022 Press statement on cross-border collaboration on audit regulation among PRC’s Ministry of Finance, China Securities Regulatory Commission and the Public Company Accounting Oversight Board 26 August 2022 FRC and HKICPA sign Revised Statement of Protocol on Oversight Arrangement to reflect broader oversight by the AFRC 16 August 2022 FRC to Investigate Accounts and Audits of China Evergrande and Evergrande Property Services in respect of Certain Transactions 15 August 2022

Associate Director / Manager

At least 7 years of relevant post-qualification experience in audit.  Strong IT audit knowledge is a plus. Extensive exposure and knowledge to financial reporting, auditing and assurance standards, and listing rules.

Press Releases

Press Releases AFRC suspends Tang Yue Nam for 18 months and imposes a fine of HK$200,000 for blatant disregard of two statutory requirements issued by the AFRC 20 January 2026 AFRC reprimands and fines Rongcheng (Hong Kong) CPA Limited, Lee Wai Chi and Chan Kin Wai over HK$1.18 million for contraventions of registration and notification requirements under the AFRCO 6 January 2026 AFRC Proposes Mandatory Sustainability Assurance to Strengthen Hong Kong’s Role as a Leading Green Finance Hub 29 December 2025 AFRC reprimands BOFA CPA Limited for improperly backdating audit working papers and imposes a pecuniary penalty 16 December 2025 AFRC reprimands MnO CPA Limited and its two directors for audit deficiencies and imposes fines of HK$600,000 20 November 2025 AFRC Concludes Successful First Day of the Regional Regulatory Forum 2025, Fostering Dialogue on Accounting's Future 10 November 2025

Press Releases

Press Releases AFRC Congratulates Mr Eugene Fung SC on New Role 12 September 2025 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 11 September 2025 AFRC reprimands and fines Deloitte and two engagement partners over HK$1.9 million for multiple audit deficiencies in relation to two companies formerly listed in Hong Kong 28 August 2025 AFRC reprimands BDO Limited and two others for breaches of multiple auditing standards, imposes fines totalling HK$455,000 and gives directions for additional CPD 21 August 2025 AFRC concludes 2024-25 oversight of HKICPA’s specified functions and recommends improvement for professional training and development 20 August 2025 AFRRT dismisses the out-of-time review application of Lam Kin Choi and stresses the importance of complying with statutory deadlines 8 August 2025

Non-Hong Kong PIE Auditor

The auditor may carry out any PIE engagements for a corporation incorporated in Chinese Mainland and listed in Hong Kong and must carry them out in accordance with the China Accounting Standards for Business Enterprises or the Mainland Auditing Standards.   However, if there is a change in full name, business address, telephone number and/or electronic mail address of a recognized PIE auditor in Chinese Mainland, the auditor must, within 14 days after the day on which the change takes place, inform the AFRC of the change.     See below for the latest updates on recognised Chinese Mainland PIE auditors   AFRC Recognises Two Additional Chinese Mainland Audit Firms for H-share Audits.