News Centre

The Financial Reporting Council (FRC) welcomes the appointments of 2 new convenors and 12 new members, and the re-appointment of 2 convenors and 4 members to the Financial Reporting Review Panel (FRRP) by the HKSAR Government today. 

Dr Kelvin Wong, Chairman of the FRC, remarked, “Over the years, the FRC has been able to effectively conduct  enquiries concerning non-compliance with accounting requirements in financial reports of listed entities, and require the entities in question to remove the non-compliance when appropriate, thereby protecting the interest of the investing public. This accomplishment is due, in no small part, to the professional expertise and collective wisdom of the convenors and members of the FRRP."

Dr Wong added, “Under the new auditor regulatory regime which commences on 1 October 2019, the FRC will become a full-fledged independent auditor regulator of Hong Kong.  The role of the FRRP will certainly become even more important as we expect more enquiries to be initiated with our expanded role.  We will continue to leverage on the wealth of experience of the FRRP in fulfilling our mission of upholding the quality of financial reporting, strengthening investor protection and safeguarding Hong Kong's position as a competitive international financial centre."

Ms Wincey Lam, Acting CEO of the FRC, said, “We are deeply thankful to the substantial contributions made by the retiring convenors and members of the FRRP and look forward to continue working seamlessly with the FRRP."

For the Government's press release about the appointments, please click here.​