Collaboration will be key to combat persistent problems with false or misleading financial statements and other corporate misconduct, said SFC Chairman Tim Lui.
February 26, 2021Auditing violations alleged by a whistleblower include improper conduct by certain Deloitte staff members in performing the audits of five companies in 2016 and 2017.
February 13, 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, 2020The MOF and CSRC agree to provide the "fullest assistance" in response to SFC requests for investigative assistance regarding the provision of audit working papers.
July 4, 2019The FRC will be empowered to order penalties of up to HK$10mn or three times the profit gained or loss avoided as a result of misconduct, whichever is higher.
June 4, 2019Hong Kong's Financial Reporting Council will be able to access audit papers located in the mainland "through an effective mechanism and clear procedures".
May 28, 2019The Financial Reporting Council will commence its role as the independent oversight body for auditors of listed companies from 1 October this year.
May 21, 2019Amid an ongoing ACCC probe into the big four auditing firms, a parliamentary committee is asking for a review of the audit market to explore conflicts of interest and market dominance issues.
February 18, 2019Hong Kong has gazetted an Amendment Ordinance empowering the Financial Reporting Council as an independent oversight body for the HKICPA and auditors of listed companies.
February 18, 2019Head of Financial Reporting Council says overhaul of accountancy regulation will not meet international standards.
March 22, 2018