News Centre

The AFRC has imposed sanctions on Mr Chan Kam Kwan (Chan) in relation to multiple professional irregularities arising from the practice review (Practice Review) on Chan Kam Kwan & Company (CKK & Co) conducted by the Hong Kong Institute of Certified Public Accountants (HKICPA) during the period from 19 April 2022 to 6 June 2022.

Chan was at all material times the sole proprietor and the only staff of CKK & Co.  Chan admitted that he had blindly signed off and issued 11 auditor’s reports of private companies, and provided false and/or misleading information to the HKICPA prior to the commencement of the Practice Review.  In addition, multiple deficiencies were identified on both system-wide and engagement levels in the Practice Review.

The AFRC has reprimanded Chan, imposed a pecuniary penalty of HK$300,000, and ordered that Chan not be issued with a practising certificate permanently and pay the costs and expenses of, and incidental to, the investigation in relation to Chan, in the sum of HK$25,532.

For details, please click here.