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AFRC issues open letter to PIE auditors on upholding audit quality and professional integrity amid rising IPO engagements
AFRC issues open letter to PIE auditors on upholding audit quality and professional integrity amid rising IPO engagements 13 February 2026 The Accounting and Financial Reporting Council ( AFRC ) today issued an open letter to all public interest entity ( PIE ) auditors acting as reporting accountants for entities seeking to list their shares on the Stock Exchange of Hong Kong (i.e., initial public offerings or IPOs). The recent surge in IPO activities has further underscored the pivotal role of PIE auditors in driving the growth and dynamism of Hong Kong’s capital markets. ... The AFRC remains available to engage in dialogue with PIE auditors regarding any matters raised in the letter.
FRC welcomes the appointment of Chairman and Board Members
FRC welcomes the appointment of Chairman and Board Members 26 September 2019 (26 September 2019, Hong Kong) The Financial Reporting Council ( the FRC ) welcomes the Government’s appointment of Dr Kelvin Wong, JP as Chairman of the FRC and new Board Members[ see attached list of Board Members ] with effect from 1 October 2019 when the Financial Reporting Council (Amendment) Ordinance 2019 takes effect and the new auditor regulatory regime commences. Dr Kelvin Wong, Chairman of the FRC, said, “It is indeed my honour and privilege to be appointed as the Chairman of the FRC under the new regime. ... Starting from 1 October 2019, the FRC will become Hong Kong’s full-fledged independent auditor regulator, vested with direct powers of inspection, investigation, recognition of overseas auditors of listed entities as well as discipline concerning auditors of listed entities.
FRC Announces Appointment of Deputy CEO
FRC Announces Appointment of Deputy CEO 17 February 2021 The Financial Reporting Council announces the appointment of Ms Florence Wong as Deputy Chief Executive Officer. ... Dr Kelvin Wong, Chairman of the FRC, remarked, “On behalf of the Board, I would like to extend my warm congratulations to Florence on her appointment. Under the new auditor regulatory regime, the FRC is growing and continuing to evolve to deliver its functions efficiently and holistically across the full spectrum of its expanded statutory duties. ... She is qualified as a certified public accountant and a certified internal auditor.
FRC welcomes the Government’s appointment of the Chief Executive Officer and Executive Director of the FRC
FRC welcomes the Government’s appointment of the Chief Executive Officer and Executive Director of the FRC 8 October 2020 (8 October 2020, Hong Kong) The Financial Reporting Council (FRC) welcomes the Chief Executive’s appointment of Mr Marek Grabowski as Chief Executive Officer (the CEO) and Executive Director of the FRC for a term of three years from 12 October 2020 to 11 October 2023. A veteran in the accounting profession, Mr Grabowski was the Director of Audit Policy of the Financial Reporting Council of the United Kingdom (UK FRC) whereby he led the development and maintenance of the standards for auditing, assurance and professional ethics for auditors and reporting accountants. ... Please click here for the Government’s press release about the appointment
AFRC welcomes appointment of Chairman
AFRC welcomes appointment of Chairman 8 November 2024 The Accounting and Financial Reporting Council ( AFRC ) welcomes the appointment by the Chief Executive of Dr David Sun Tak-kei as the Chairman of the AFRC for a term of two years from 1 January 2025 to 31 December 2026. ... Welcoming Dr Sun’s appointment, Dr Wong said, “Dr Sun’s extensive experience and leadership in the accounting and auditing fields will be a tremendous asset to the AFRC. ... Dr Sun said, “I am honoured to have been appointed as the Chairman of the AFRC.
FRC welcomes new appointments and reappointments to the Financial Reporting Review Panel and expresses heartfelt gratitude to retiring members
Newly appointed members 1. Mr LEE Chi-hin, Jacob 2. Mr YAU Tsz-shun, Jason Re-appointed convenors 1. Mr Ian Peter FARRAR 2. Mr WONG Kim-man Re-appointed members 1. Mr CHENG Ping-hei, Hamilton 2.
FRC Welcomes the Appointments to Financial Reporting Review Panel
FRC Welcomes the Appointments to Financial Reporting Review Panel 9 July 2020 (9 July 2020, Hong Kong) The Financial Reporting Council ( FRC ) welcomes the appointments of 4 new members namely, Prof. ... Incidents including resignations of auditors, rows between listed entities and their auditors and accounting fraud remind us of the importance of early detection of possible non-compliance with accounting requirements in financial reports of listed entities and its effectiveness as a safeguard to public interest. ... Please click here for the Government’s press release about the appointments.
FRC Expresses Profound Gratitude to the Retiring Non-Executive Directors (NEDs) and Welcomes the Government’s Appointment/Reappointment of NEDs
FRC Expresses Profound Gratitude to the Retiring Non-Executive Directors (NEDs) and Welcomes the Government’s Appointment/Reappointment of NEDs 10 September 2020 (10 September 2020, Hong Kong) The Financial Reporting Council (FRC) expresses profound gratitude to the three retiring Non-Executive Directors, namely, Mr Ignatius Chan Tze-ching, Mr Wilson Fung Ying-wai and Ms Eirene Yeung for their enormous contributions to the FRC whose term of appointments will end on 30 September 2020. ... Dr Kelvin Wong, Chairman of the FRC said: “I would like to convey my heartfelt thanks to the three retiring NEDs whose wise counsel and dedication to the Board in the past 6 years have enabled the FRC to transform into the full-fledged independent auditor regulator of Hong Kong. ... I would also like to extend my warmest welcome to Mr Keith Lui Kei-kwong for his appointment. His rich financial regulatory experience, combining with the wide spectrum of professional expertise from our existing NEDs, will propel the continuous development of the FRC for the effective discharge of its expanded statutory duties.