Disciplinary Order under the Professional Accountants Ordinance (PAO)

The government of Hong Kong has delegated the regulatory power to the Hong Kong Institute of Certified Public Accountants (the HKICPA) under the PAO on the compliance with the professional standards by the accounting and auditing professionals in Hong Kong. [Read]


Investigation by Accounting and Financial Reporting Council (the AFRC) under the Accounting and Financial Reporting Council Ordinance (the AFRCO)

The role of the AFRC

  • To conduct independent investigations into possible auditing and reporting irregularities,
  • To enquire into possible non-compliance with accounting requirements on the part of listed entities.

The AFRC may initiate investigations or enquiries upon receipt of complaints or on its own initiative.

The AFRC is empowered to oversight any auditing or reporting irregularities. Any non-compliances relevant to the Listing Rules will be referred to The Stock Exchange of Hong Kong Limited or the Securities and Futures Commission for follow-up action. The AFRC is not empowered to discipline or prosecute.

See disciplinary sanction, process, and cases [Read]