News Centre

AFRC publishes two new reports today on audit fees and the appointment of auditors in Hong Kong.  In the reports, AFRC calls for auditors, audit committees, listed companies and institutional investors to develop a stronger focus on the setting of audit fees and the appointment of auditors, both of which are crucial in upholding the quality of financial reporting and audit in listed companies. This in turn will drive the resilience and continued success of Hong Kong’s capital markets.

Dr Kelvin Wong, Chairman of the AFRC said, “In times of heightened market volatility and economic uncertainty, the integrity of financial reporting and audit becomes especially critical. By raising awareness on a complicated issue, by providing guidance to the profession, and by calling for relevant stakeholders to act appropriately, AFRC aims to raise the quality of financial reporting, with the ultimate goal of maintaining public trust and confidence in Hong Kong’s capital markets.”

For details, please click here.