• Fri
  • Sep 19, 2014
  • Updated: 12:46pm

Accountancy in Hong Kong

E&Y's outsourced auditing raises eyebrows in court

Imagine there are two new listings with largely identical businesses. Company A has its report signed off by a Hong Kong arm of a Big Four accountancy. Company B's is signed by the accountancy's mainland joint venture. Where will you put your money?

Saturday, 18 May, 2013, 3:29am

Companies bill clause will not create a level playing field for accountants

As an accounting professor, I have grave concerns over clause 399 of the companies bill being debated in the Legislative Council.

It would mean that the auditors who sign the auditor's report and managerial staff engaged in the audit would be criminally liable if the auditor knowingly or recklessly omitted a required statement in the report.

10 Jul 2012 - 12:00am

Auditors want law change scrapped

The accounting industry faces an uphill struggle as it battles to convince lawmakers to scrap a law change under which accountants could face criminal liability.

The Hong Kong Institute of Certified Public Accountants (HKICPA) is lobbying lawmakers to scrap the provision, but government and the pro-Democrat legislators are determined to push the reform through.

12 Jun 2012 - 12:00am

Move to localise Big Four managers

Beijing's latest measure to localise the mainland operations of the Big Four accounting firms have been welcomed by several of the firms and the Hong Kong Institute of Certified Public Accountants (HKICPA).

The new rules will dilute the control that Hong Kong and foreign accountants exert over the firms' mainland operations.

11 May 2012 - 12:00am

Auditing problems causing lay-offs

Accounting firms in the city are quietly laying off people in light of auditing problems at mainland companies that are expected to hit the initial public offering market this year.

One senior executive said certain medium-sized firms, including his, had started to lay off poorly performing workers amid fears the initial public offering market will slow.

13 Apr 2012 - 12:00am

CPAs must exit comfort zone

Despite a slowdown in hiring in certain industries, recruitment among the Big Four and other large Hong Kong-based accountancy firms remains positive. According to insiders, there is always a need for accountants, whatever the economic climate, though the nature of the work may vary, depending on the economic environment.

9 Feb 2012 - 12:00am

Chiu's miss shows men still at the helm

The fact that men still dominate the business world was underscored by the recent election for the president of the Hong Kong Institute of Certified Public Accountants (HKICPA).

Keith Pogson, managing partner of Asia-Pacific financial services at Ernst & Young, trumped frontrunner Susanna Chiu, director of Li & Fung Development (China).

20 Dec 2011 - 12:00am

Bean counters are finally cashing in

Before the turn of the century, most accountants qualified through overseas training courses. Few had qualified through the just-launched local programme.

8 Nov 2011 - 12:00am

...with winning formula for work-life balance

The Hong Kong Institute of Certified Public Accountants (HKICPA) Career Forum once again provided students with a chance to quiz accounting-industry practitioners about the minutiae of their professional life. Among the more widely discussed topics of the event were stress and long working hours - widely seen as hallmark characteristics of the profession.

22 Oct 2011 - 12:00am

CPA qualification unlocks secure future

As the sole body responsible for granting practising certificates to certified public accountants (CPAs) in Hong Kong, the Hong Kong Institute of Certified Public Accountants (HKICPA) has a vested interest in maintaining high quality talent among those in the profession.

21 Oct 2011 - 12:00am