Showing 97 - 104 of 282 results
CPA Firm
Only a CPA (practising), a CPA firm or a corporate practice registered with the AFRC can hold an appointment or render a service, whether paid or unpaid, as an auditor of a company under the Companies Ordinance (Cap. 622) or accounts for the purposes of any other Ordinance.
Discipline Committee
Mr Stephen Hung, MH Chairman From 2022-08-11 Current appointment expires on 2026-09-30 Mr Stephen Hung, MH Chairman From 2022-08-11 Current appointment expires on 2026-09-30 Mr Hung is a Past President of the Law Society of Hong Kong. ... Mr Johnny Chan Member From 2025-03-18 Current appointment expires on 2026-09-30 Mr Johnny Chan Member From 2025-03-18 Current appointment expires on 2026-09-30 Johnny is the Chairman of the Global Venture Capital Congress (GVCC). ... Ms Cindi Hui, MH Member From 2025-10-23 Current appointment expires on 2027-09-30 Ms Cindi Hui, MH Member From 2025-10-23 Current appointment expires on 2027-09-30 Ms Hui is a Partner of Iu, Lai & Li Solicitors and Notaries.
Board
David Tak Kei Sun, GBS, JP Chairman and Non-Executive Director From 2025-01-01 Current appointment expires on 2026-12-31 Dr. ... Mr Johnny Chan Non-Executive Director From 2024-10-01 Current appointment expires on 2026-09-30 Mr Johnny Chan Non-Executive Director From 2024-10-01 Current appointment expires on 2026-09-30 Johnny is the Chairman of the Global Venture Capital Congress (GVCC). ... Ms Cindi Hui, MH Non-Executive Director From 2025-10-01 Current appointment expires on 2027-09-30 Ms Cindi Hui, MH Non-Executive Director From 2025-10-01 Current appointment expires on 2027-09-30 Ms Hui is a Partner of Iu, Lai & Li Solicitors and Notaries.
Compensation and Nomination Committee
David Tak Kei Sun, GBS, JP Chairman From 2025-01-01 Current appointment expires on 2026-12-31 Dr. David Tak Kei Sun, GBS, JP Chairman From 2025-01-01 Current appointment expires on 2026-12-31 Dr. ... Ms Janet Li Member From 2021-10-01 Current appointment expires on 2027-09-30 Ms Janet Li Member From 2021-10-01 Current appointment expires on 2027-09-30 Janet Li, CFA, MAoF, is the Chief Executive Officer of BEA Union Investment.
Inspection Process
When deciding whether to inspect a particular auditor in any particular year, and the ambit of the inspection to be carried out, the AFRC will consider, amongst other things: a. the AFRC's assessment of the risks associated with the auditor's practice based on available information; b. the size of the auditor, including but not limited to the number of clients and practising partners or directors of the auditor during the period; c. the complexity of the practice and the engagements of the auditor; d. the auditor’s regulatory history, including but not limited to the results of any prior inspection; e. the period of time since the auditor was last inspected by the AFRC; f. the level of public interest involved in the auditor’s engagements; and/or g. the AFRC's available resources. For the AFRC's determination of the frequency of inspection, the AFRC may from time to time require a auditor to provide various information, including but not limited to: a. the number of PIE engagements that the auditor has undertaken or carried out within a specified period; b. the full name of the PIEs that have appointed the auditor to undertake PIE engagements; or c. any other information relating to the auditor. ... Inspection - Notification of inspection to the auditor Before the start of an inspection, an inspector will notify the auditor in writing of the time the AFRC plans to conduct the inspection.
AFRC analyses trading suspensions of listed entities due to delays in preliminary annual results announcements and calls for continued efforts to uphold high-quality audits and financial reporting
Additionally, the report provides clear recommendations for public interest entity ( PIE ) auditors, audit committees, and management of listed entities. ... This presents challenges to PIE auditors to conduct a quality audit under immense time pressure. ... Vulnerability of opinion shopping by listed entities whose management chose to appoint new auditors instead of addressing concerns raised by the outgoing auditors.
Finance and Corporate Affairs Committee
Ms Miranda Kwok, JP Chairlady From 2019-10-01 Current appointment expires on 2026-09-30 Ms Miranda Kwok, JP Chairlady From 2019-10-01 Current appointment expires on 2026-09-30 Ms Kwok has been serving China Construction Bank (Asia) Corporation Limited for over 37 years and is now the Non-Executive Director of the bank. ... Mr Johnny Chan Member From 2025-03-18 Current appointment expires on 2026-09-30 Mr Johnny Chan Member From 2025-03-18 Current appointment expires on 2026-09-30 Johnny is the Chairman of the Global Venture Capital Congress (GVCC). ... Mr Walter Cheung Member From 2025-07-01 Current appointment expires on 2027-06-30 Mr Walter Cheung Member From 2025-07-01 Current appointment expires on 2027-06-30 Mr Walter Cheung is the Founder and Managing Director of Walter Cheung Communications Limited.
AFRC Congratulates Mr Eugene Fung SC on New Role
AFRC Congratulates Mr Eugene Fung SC on New Role 12 September 2025 The Judiciary announced the appointment of Mr Eugene Fung Ting-sek, SC, as a Judge of the Court of First Instance of the High Court, with effect from 11 September 2025. Mr Fung has resigned as non-executive director of the Accounting and Financial Reporting Council (AFRC) due to his judicial appointment. The AFRC would like to extend its deepest gratitude to Mr Fung for his devoted service and advice to the AFRC over the years, beginning in 2016 as an Honorary Advisor to the then Financial Reporting Council and as a member of the Council since December 2018. ... The AFRC congratulates Mr Fung on his judicial appointment and wishes him every success in his new role in serving the wider community.