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AFRC emphasises the importance of adherence to registration requirements for carrying out PIE engagements

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Latest News

Driving quality improvement – Setting the right tone at the top for performing an effective root cause analysis and remediation

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Latest News

AFRC welcomes the 2023-24 Annual Report and new appointments of the Process Review Panel

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Latest News

AFRC reprimands BDO Limited and two others for serious audit breaches, imposes fines totalling HK$1.456 million and gives its first direction for additional CPD in disciplinary case

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The independent regulator of the accounting profession

As an independent regulator, we spearhead and lead the accounting profession to constantly raise the level of quality of professional accountants, and thus protect public interest. We create positive ripple impacts for the accounting profession and Hong Kong by enhancing the quality of financial reporting, promoting the healthy development of the profession and reinforcing Hong Kong’s position as a competitive international financial centre.

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Press Releases AFRC emphasises the importance of adherence to registration requirements for carrying out PIE engagements 17 Jan, 2025

Press Releases AFRC welcomes the 2023-24 Annual Report and new appointments of the Process Review Panel 31 Dec, 2024

Press Releases Driving quality improvement – Setting the right tone at the top for performing an effective root cause analysis and remediation 31 Dec, 2024

Press Releases AFRC reprimands BDO Limited and two others for serious audit breaches, imposes fines totalling HK$1.456 million and gives its first direction for additional CPD in disciplinary case 20 Dec, 2024

Press Releases AFRC Hosts Landmark Regional Regulatory Forum 2024 to Restore Public Trust in the Accounting and Audit Profession 2 Dec, 2024

Photos And Videos RRF 2024 2 Dec, 2024

Press Releases AFRC welcomes appointment of Chairman 8 Nov, 2024

Press Releases AFRC issues 2023-24 Annual Report 31 Oct, 2024

Press Releases Overview of the non-public interest entity audit market 30 Oct, 2024

Press Releases AFRC Reinforces Commitment to Financial Reporting Integrity in Hong Kong 29 Oct, 2024

Press Releases AFRC emphasises the importance of adherence to registration requirements for carrying out PIE engagements 17 Jan, 2025

Press Releases AFRC welcomes the 2023-24 Annual Report and new appointments of the Process Review Panel 31 Dec, 2024

Press Releases Driving quality improvement – Setting the right tone at the top for performing an effective root cause analysis and remediation 31 Dec, 2024

Press Releases AFRC reprimands BDO Limited and two others for serious audit breaches, imposes fines totalling HK$1.456 million and gives its first direction for additional CPD in disciplinary case 20 Dec, 2024

Press Releases AFRC Hosts Landmark Regional Regulatory Forum 2024 to Restore Public Trust in the Accounting and Audit Profession 2 Dec, 2024

Press Releases AFRC welcomes appointment of Chairman 8 Nov, 2024

Press Releases AFRC issues 2023-24 Annual Report 31 Oct, 2024

Press Releases Overview of the non-public interest entity audit market 30 Oct, 2024

Press Releases AFRC Reinforces Commitment to Financial Reporting Integrity in Hong Kong 29 Oct, 2024

Press Releases AFRC highlights impact of current economic conditions on financial reporting and audit practices 21 Oct, 2024

Photos And Videos RRF 2024 2 Dec, 2024

Photos And Videos Liaison meeting with the ICAC 17 Oct, 2024

Photos And Videos Inauguration ceremony of the General Union of Hong Kong Accounting Professionals and Staff 16 Oct, 2024

Photos And Videos Meeting with the General Union of Hong Kong Accounting Professionals and Staff in September 2024 16 Sep, 2024

Photos And Videos Meeting with The Association of International Accountants 27 Jun, 2024

Photos And Videos AFRC meets with the Accounting Regulatory Department of the Ministry of Finance 20 Jun, 2024

Photos And Videos Meeting with CPA Australia 21 May, 2024

Photos And Videos Meeting with the General Union of Hong Kong Accounting Professionals and Staff 12 Apr, 2024

Photos And Videos AFRC met with legislator Hon Edmund Wong, HKICPA and FSTB to discuss bogus accountants and development issues of the accounting sector 10 Apr, 2024

Photos And Videos Briefing Session – PIE Auditor Levy 31 Jan, 2024

Publications

Latest

Process Review Panel Report

Process Review Panel Annual Report for the Accounting and Financial Reporting Council - Annual Report 2023-24

Periodic Reports

Inspection Insights – Root Cause Analysis and Remediation: A Call to Action for Quality Improvement

Periodic Reports

Overview of the Non-Public Interest Entity Audit Market in Hong Kong

Periodic Reports

Audit implications of current economic conditions for Hong Kong-listed companies

Periodic Reports

Audit Focus: 2024 year-end audits

Periodic Reports

Safeguarding Auditor Independence: Concerns Surrounding Procurement and Purchases from Audit Clients

Process Review Panel Report

Process Review Panel Annual Report for the Accounting and Financial Reporting Council - Annual Report 2023-24

Process Review Panel Report

Process Review Panel Annual Report for the Financial Reporting Council - Annual Report 2022

Process Review Panel Report

Process Review Panel Annual Report for the Financial Reporting Council - Annual Report 2021

Process Review Panel Report

Process Review Panel Annual Report for the Financial Reporting Council - Annual Report 2020

Process Review Panel Report

Process Review Panel Annual Report for the Financial Reporting Council - Annual Report 2019

Process Review Panel Report

Process Review Panel Annual Report for the Financial Reporting Council - Annual Report 2018

Guidance Notes on Change of Auditors

Guidelines for Exercising the Power to Impose a Pecuniary Penalty for PIE Auditors and Registered Responsible Persons

Discipline Policy Statement for PIE Auditors and Registered Responsible Persons

Sanctions Policy for PIE Auditors and Registered Responsible Persons

Guidelines for Exercising the Power to Impose a Pecuniary Penalty for Professional Persons

Discipline Policy Statement for Professional Persons

Consultations and Responses

FRC’s Response to HKEX’s Consultation Paper - Review of Listing Rules relating to Disciplinary Powers and Sanctions

Periodic Reports

Inspection Insights – Root Cause Analysis and Remediation: A Call to Action for Quality Improvement

Periodic Reports

Overview of the Non-Public Interest Entity Audit Market in Hong Kong

Periodic Reports

Audit implications of current economic conditions for Hong Kong-listed companies

Periodic Reports

Audit Focus: 2024 year-end audits

Periodic Reports

Safeguarding Auditor Independence: Concerns Surrounding Procurement and Purchases from Audit Clients

Periodic Reports

2024 Oversight Report on HKICPA’s Performance of Specified Functions

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