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AFRC expects full compliance by auditors with relevant laws and regulations

Compliance is a legal obligation and a fundamental pillar of responsible and sustainable practice. The AFRC will not hesitate to hold firms and their personnel accountable by taking robust enforcement actions should they fail to do so.

FRC and HKICPA sign Revised Statement of Protocol on Oversight Arrangement to reflect broader oversight by the AFRC

This in turn should enrich competence of the accounting profession and their sustainable development.” For the Revised Statement of Protocol, please click here .

Registration

To ensure the high-quality and long-term sustainable development of the accounting profession, we implement a robust registration process that includes stringent vetting procedures.

Finance and Corporate Affairs Committee

He was Senior Adviser to the CEO and Founding Head of Communications & Sustainability at Hang Seng Bank. ... He serves as a member of the Sustainability Committee of Hong Kong Management Association, the PR Committee of the Community Chest of Hong Kong, the Hong Kong Federation of Journalists, and the China International Public Relations Association.

AFRC publishes global audit regulation study, reinforcing dedication to world‑class standards

Dr David Sun, Chairman of the AFRC, said, “Robust audit regulation is essential to safeguarding market integrity, sustaining investor confidence, and reinforcing Hong Kong’s standing as a leading international financial centre. ... Our aim is to provide constructive oversight that equips auditors to meet evolving challenges and sustain the standards that underpin confidence in Hong Kong’s financial system.” 1 Category A refers to registered Public Interest Entity (PIE) auditors with more than 100 PIE audit engagements; Category B refers to registered PIE auditors with 10 to 100 PIE audit engagements.

ICAC signs MoU with FRC to enhance collaboration in upholding the integrity of the financial market

Apart from their respective duties in curbing corruption and illicit activities relating to listed companies and in maintaining the audit quality and integrity of financial reporting by listed entities, the ICAC and the FRC shared a common mission to foster high ethical business and professional standards as well as to sustain an open, clean and fair business environment in Hong Kong to ensure the trust of stakeholders in the financial system, said Mr Peh.

FRC Announces Appointment of Honorary Advisers

Their wealth of experience respectively in investment management, with expertise in strategic governance, sustainability and impact investment, and in accounting and auditing, with expertise in providing forensic support in litigation and other disputes, will bring diverse perspectives and valuable advice to the FRC in dealing with regulatory and other matters for the benefit of public interest.”

FRC publishes survey of implementation progress by PIE Auditors for new and revised quality management standards

The FRC will continue to drive improvements on regulatees’ behaviour in order to foster a healthy and sustainable development of the accounting profession.”

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