Beijing's late move in extradition fight over fugitive accountant revealed

Beijing's late move in extradition fight over fugitive accountant revealed

A Spanish court freed a fugitive accountant wanted by Hong Kong over an alleged multimillion-dollar fraud despite an eleventh-hour intervention by Beijing, the Sunday Morning Post has learned.

Sunday, 3 March, 2013, 5:14am 2 comments

Digging for staff who find real facts

An accounting firm with offices in Hong Kong, Macau, Shenzhen and Beijing, which has grown from three to 60 staff in less than a decade, is recruiting staff for further expansion.

15 Aug 2012 - 10:54pm

Accounting course all adds up

Opening doors to different career opportunities, accounting has remained a highly coveted specialisation. Demand for qualified accountants is continuously rising, but few know that one does not need a university degree to pursue this career.

20 Jul 2012 - 12:00am

Young champions flaunt assets

A third-year professional-accountancy student from the Chinese University of Hong Kong (CUHK) beat 11 other contestants from four Chinese cities to emerge as the champion of the Association of Chartered Certified Accountants (ACCA) Job Hunting Competition 2012 China Grand Final.

14 Jul 2012 - 12:00am

Auditors will be liable under law change

Lawmakers yesterday passed the controversial Companies Bill under which auditors will be held criminally liable if they fail to declare problems with the financial statements of a client company - but junior accountants will not face criminal liability.

13 Jul 2012 - 12:00am

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

Beware flawed statistics, bad law in our midst

HK sales growth slows as mainlanders nip spending

SCMP headline, July 4

Just a quick one here as I have other fish to fry. The chart shows you that the retail sales figures comprise only about a quarter of total consumer spending in Hong Kong. They omit consumer services, web purchases and a great deal else.

5 Jul 2012 - 12:00am

Foes unite over audit crime bill

A law to hold auditors criminally liable if they fail to declare a company's accounting problems is set to pass after the city's two largest political parties yesterday said they backed it.

The 2,000-page Companies Bill, being debated in the Legislative Council, aims to modernise the outdated Companies Ordinances.

5 Jul 2012 - 12:00am

Legco split on criminal liability

Lawmakers have expressed mixed views on whether accountants should face criminal liability for failing to declare a company's financial problems in audits.

4 Jul 2012 - 12:00am

Accountants braced for crucial vote

Lawmakers on Wednesday will decide whether to vote for a crucial measure that would hold accountants criminally liable if they failed to declare problems with the financial statements of a client company.

25 Jun 2012 - 12:00am

The best of times for accountants

Despite the gloomy economic climate, this is a very good time for accountants to sharpen the professional skills that can make their career more promising.

26 May 2012 - 12:00am

Listings go last minute on recruitment

Hong Kong requires listed companies to have three independent directors - but it does not specify when companies planning a listing have to recruit independent directors, which is a loophole that the listing committee should investigate.

15 May 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

Keeping track of US taxation

Executive Certificate in US Financial Governance HKUSPACE

After the handover, dealings between local and mainland businesses have surged, but Hong Kong's economy retains its special US links.

4 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