Financial Secretary Paul Chan today welcomed the publication of the 13th annual report of the Process Review Panel for the Financial Reporting Council.

Mr Chan said process review is an important institutional function designed to help enhance the council's transparency and accountability in performing its statutory functions under the Financial Reporting Council Ordinance.

In 2021, the panel conducted a comprehensive review on selected cases handled by the council in the preceding year. The panel has made useful observations and suggestions which are conducive to the council's further improvement of its work.

“I would like to express my gratitude to members of the panel for their dedication in working with the council to enhance our financial reporting and corporate governance regime,” Mr Chan added.