Under the proposed regime, regulatory powers currently vested with the HKICPA will be transferred to the Financial Reporting Council.
July 26, 2021Levies will be payable to the Financial Reporting Council by sellers and purchasers of securities, public interest entities, and PIE auditors from 1 January 2022.
July 2, 2021The MoU is expected to enhance audit quality, contribute to the development of the Hong Kong audit market, and promote confidence in the capital markets.
May 11, 2021Zhonghui Anda CPA Limited may have failed to express an appropriate audit opinion in three years of Convoy’s financial statements, the Financial Reporting Council said.
March 1, 2021"This is a landmark moment for cross-border cooperation in the investigation of auditing irregularities," said Financial Reporting Council chairman Kelvin Wong.
December 15, 2020To avoid individual liability, leaders along all Three Lines of Defence must identify indicators of non-financial risk that permit “upstream” interventions, say Stephen Scott and Mark Cooke.
August 3, 2020BSEC is working to speed up the IPO process and barriers to listing, amid calls for more diversified products and better transparency and governance in the capital market.
July 26, 2020The Financial Reporting Council will commence its role as the independent oversight body for auditors of listed companies from 1 October this year.
May 21, 2019Head of Financial Reporting Council says overhaul of accountancy regulation will not meet international standards.
March 22, 2018Treasury for Financial Services and the Treasury says FRC to given independent oversight, inspection and disciplinary powers.
January 20, 2018