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AFRC issues its first Report on the Analysis of the PIE Audit Market in Hong Kong
Ms Lai concludes, “We believe that the Report will foster constructive dialogue and collaboration among stakeholders which will lead to the sustainable and healthy development of the accounting profession.
AFRC imposes HK$300 million fine and six-month practice limitation on PricewaterhouseCoopers and HK$10 million in fines on its two former registered responsible persons over the Evergrande Audits
The AFRC has taken note of PwC’s proactive remedial measures, and expects the firm to build on these efforts, demonstrating through its governance, leadership and conduct a sustained commitment to audit quality that meets the expectations placed on it as a leading firm.”
Advisory Committee
She is also the Portfolio Advisor for the Sustainable Asia fund. Before joining FIL, she was the head of Investment Stewardship for the Greater China markets at BlackRock.