Secretary for Financial Services & the Treasury Prof KC Chan today welcomed the publication of the Process Review Panel for the Financial Reporting Council’s eighth annual report.
Prof Chan said the process review is an important institutional arrangement designed to help enhance the council’s transparency and accountability in performing its statutory functions.
The council handled 69 cases, which related to possible auditing and reporting irregularities, and non-compliance with accounting requirements in relation to listed entities in Hong Kong, in 2015.
The panel reviewed seven of them and considered that the council had handled the cases in accordance with its internal procedures.
Prof Chan added the panel has made useful observations and suggestions which are conducive to the further improvement of the council’s work.
Click here for the report.
