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AFRC Hosts Landmark Regional Regulatory Forum 2024 to Restore Public Trust in the Accounting and Audit Profession

AFRC Hosts Landmark Regional Regulatory Forum 2024 to Restore Public Trust in the Accounting and Audit Profession 2 December 2024 The Accounting and Financial Reporting Council ( AFRC ) hosts the Regional Regulatory Forum ( RRF ), the first-ever forum organised by an auditor regulator for both regulators and the regulated markets of the accounting profession. ... Looking to the future development of the profession, Mr Chan said, “Major global trends such as combating climate change as well as technological advancements are reshaping the accounting profession.

Consultation on the Proposed Regulatory Framework for Sustainability Assurance in Hong Kong

Consultation on the Proposed Regulatory Framework for Sustainability Assurance in Hong Kong Background Sustainability challenges, particularly climate change, remain a critical global concern.

AFRC issues its 2022-23 Annual Report

Under the visionary Board leadership and the well-orchestrated Management efforts, we have been able to drive changes, raise professional standards and nurture a healthy competitive development for the accounting profession to thrive.

FRC welcomes new appointments and reappointments to the Financial Reporting Review Panel and expresses sincere gratitude to retiring members

Mr TANG Kwai-chang 4. Ms WONG Pui-sze, Priscilla, BBS, JP 5. ... Prof ZHANG Guo-chang

AFRC issues 2023-24 Annual Report

Dr Kelvin Wong, Chairman of the AFRC, stated, “The AFRC balances regulation and development to foster positive change within the accounting profession.

AFRC Issues 2025–26 Annual Report

Dr David Sun, Chairman of the AFRC, said, “In a fast-changing world, trust remains our most valuable currency.

AFRC Proposes Mandatory Sustainability Assurance to Strengthen Hong Kong’s Role as a Leading Green Finance Hub

Sustainability challenges, particularly climate change, remain a critical global concern. ... Subject to the aforementioned consultations, all in-scope entities must obtain limited assurance in phases: • Phase 1 : Scope 1 and 2 greenhouse gas emission disclosures from thethird financial year of the Mandatory HKSDS Reporting; and • Phase 2 : All remaining HKSDS-mandatory disclosures from the fifth financial year of the Mandatory HKSDS Reporting Mandatory assurance must be provided by registered sustainability assurance providers (SAPs) comprising either: • Registered local public interest entity auditors that meet additional criteria; or • Accredited local non-CPA firms that meet similar criteria.

AFRC welcomes new appointments and reappointments to the Financial Reporting Review Panel and expresses heartfelt gratitude to retiring members

Mr TANG Kwai-chang 4. Ms WONG Pui-sze, Priscilla, BBS, JP 5.

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