Showing 225 - 232 of 282 results
Speeches and Presentations
Speeches and Presentations Presentation on 2022 CPD Carnival Day 26 November 2022 Presentation on AFRC remit and power to Commercial Crime Bureau 23 November 2022 Chairman Dr Kelvin Wong’s opening speech at 2022 Hong Kong Chartered Tax Adviser Conference 18 November 2022 Presentation on Annual Investigation and Compliance Report 20 October 2022 Presentation on a webinar delivered to members of the Society of Chinese Accountants and Auditors (SCAA) relating to AFRC's Requirements and Procedures for Registration of Practice Units 12 October 2022 Presentation for members of the Hong Kong Institute of Certified Public Accountants (HKICPA) relating to AFRC's Requirements and Procedures for Registration of Practice Units 10 October 2022
SFC and FRC to enhance collaboration
Under the new MoU, which took effect yesterday, the SFC and the FRC agreed to foster closer cooperation in the regulation of the securities and futures market, particularly in relation to the regulation under their respective supervisory regimes of listed entity auditors and compliance by listed entities with financial reporting requirements. The enhanced collaboration between the SFC and the FRC under the new MoU, which includes case referrals, joint investigations, mutual assistance, capacity building and the exchange and use of information, will increase the overall effectiveness of both regulators in ensuring the quality of financial reporting by listed entities and the audit quality of listed entity auditors. It will also help maintain the integrity of Hong Kong’s capital market and its reputation as an international financial centre.
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Press Releases
Press Releases AFRC welcomes and supports the Government consultation on proposal for legislation under Article 23 of the Basic Law 5 February 2024 AFRC highlights the importance of continuous professional development in ensuring audit quality and managing talent 8 January 2024 Audit Focus for 2023 year-end audit 22 December 2023 AFRC starts inspecting engagements involving audit working papers located on the Mainland 15 December 2023 AFRC expects active cooperation and full compliance by PIE auditors with the AFRC Ordinance and their self-reporting of critical incidents in a timely manner 7 December 2023 AFRC publishes Inspection Insights and an explanatory video on the inspection of non-PIE practice units to drive continuous improvements in audit quality 30 November 2023
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
Speeches and Presentations
Speeches and Presentations CEO Mr Marek Grabowski’s presentation on Late Changes of Auditors 28 March 2023 Chairman Dr Kelvin Wong’s presentation at the University of Hong Kong’s MPA programme 18 March 2023 Chairman Dr Kelvin Wong’s presentation at Hong Kong Chartered Governance Institute (HKCGI)’s director training session 17 March 2023 CEO's Speech at LegCo Panel on Financial Affairs on 2023-24 budget 17 March 2023 Chairman’s Speech at LegCo Panel on Financial Affairs on 2023-24 budget (Chinese only) 17 March 2023 Chairman Dr Kelvin Wong’s opening speech at Hong Kong Investor Relations Association (HKIRA)’s Investor Relations Symposium 13 December 2022
AFRC, ICAC and SFC first tripartite operation against suspected misconduct and corporate fraud
The Joint Operation involved a search of the offices of three public interest entities ( PIE ) auditors associated with two listed companies. ... The three PIE auditors expressed unmodified opinions on all relevant financial statements for the years ended 31 December 2018 to 2021. ... The Joint Operation and collaboration with the other two agencies manifests the staunch determination of the AFRC to combat financial crime, illicit activities and professional misconduct in order to restore public trust in the financial reporting quality of listed entities and their auditors. Ms Janey Lai, Acting Chief Executive Officer of the AFRC, said, “The Joint Operation represents the AFRC’s absolute commitment to take all necessary actions to ensure integrity and quality of financial reporting and audit in Hong Kong.
FAQs - Whistleblowing
Therefore, the complaint should include: (i) the name and contact information of the CPA, practice unit and its registered responsible persons, recognized PIE auditor and entity concerned; (ii) a description of the alleged misconduct or non-compliance; (iii) copies of any relevant documents or records supporting the allegations in your complaint; and (iv) your full name and contact details.