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AFRC advocates healthy practices in auditor appointments and audit fee setting to safeguard public trust

By working together with the stakeholders, we can cultivate a robust audit market, which is essential for the sustainability of the accounting profession and the reputation of Hong Kong as a leading international financial centre.”

AFRC emphasises the importance of leadership setting the right tone at the top

The article explains the importance of tone at the top in establishing and sustaining an ethical, compliance-oriented, and quality-focused culture to minimise illegal or unethical activities in an audit firm, thereby promoting audit quality and fostering talent development.

AFRC, ICAC and SFC first tripartite operation against suspected misconduct and corporate fraud

We will strive to maintain a fair business environment in Hong Kong, to sustain Hong Kong’s status as a clean international financial centre and to ensure the trust of stakeholders in the financial system.”

Board

Appointed as an Independent Non-Executive Director of BOC Hong Kong (Holdings) Limited and Bank of China (Hong Kong) Limited in June 2023, he chairs the Audit Committee and contributes to the Risk, Strategy and Budget, and Sustainability Committees, playing a vital role in shaping governance and strategic direction. ... He is widely recognized for his expertise in corporate governance, risk management, and sustainability, making him a sought-after voice in professional forums. ... Currently, she is a member of the Sustainability Assurance Advisory Panel of HKICPA.

Chairman and CEO's opinion piece: Getting an audit wrong can have profound consequences for credibility

Effective leadership inspires teams by instilling a sense of purpose and pride, promoting ethical conduct, and reinforcing the importance of accountability, thereby supporting sustainable growth. Culture and controls: Strong firms embed quality through culture and systems: Tone at the top that prioritizes audit quality alongside commercial considerations; robust governance, ethical conduct, and operational discipline; effective controls to detect and address deficiencies, with clear accountability and remediation.

Chairman and CEO's opinion piece: Getting an audit wrong can have profound consequences for credibility

Effective leadership inspires teams by instilling a sense of purpose and pride, promoting ethical conduct, and reinforcing the importance of accountability, thereby supporting sustainable growth. Culture and controls: Strong firms embed quality through culture and systems: Tone at the top that prioritizes audit quality alongside commercial considerations; robust governance, ethical conduct, and operational discipline; effective controls to detect and address deficiencies, with clear accountability and remediation.

Investigation and Compliance Committee

Currently, she is a member of the Sustainability Assurance Advisory Panel of HKICPA.

The importance of regulatory synergy in upholding financial reporting and audit quality

Regulatory synergy leading to effective outcomes As the independent regulator and promoter of sustainable development of the accounting profession, the AFRC is committed to maintaining high standards in financial reporting and auditing through a comprehensive regulatory approach.

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