• Fri
  • Dec 26, 2014
  • Updated: 8:08pm

Accounting Ethics

China may use international accounting rule for de facto control

Shares of Sino-Forest Corporation have tumbled 78 per cent in Toronto since June 1, the day before Muddy Waters Research said in its report the Hong Kong and Mississauga, Ontario-based forestry company misled investors about its land holdings and production. Photo: Bloomberg

China may require companies to consolidate the financial statements of businesses they control with stakes of less than 50 per cent, as the nation implements international standards.

Wednesday, 28 November, 2012, 2:59pm

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

Accountant returns to first love

As one of the first batch of young accountants from Hong Kong venturing into the mainland in the mid-1990s, Roy Lo, deputy managing director of Beijing-based ShineWing (HK) CPA, knew at that time the industry's future would be intertwined with the rising power.

13 May 2011 - 12:00am

Principles familiar to investors worldwide put country on a level playing field

The development of new mainland accounting standards is being viewed as an important step for the growth of mainland China's economy and its place in the world's increasingly integrated capital markets.

25 Apr 2008 - 12:00am

All quiet on the reform front

The unprecedented reforms that have transformed the accounting sector in Hong Kong and nearby regions, which were sparked by the wave of high profile United States financial scandals including the collapse of Enron and WorldCom, are expected to subside, said senior officials in the industry.

7 Sep 2007 - 12:00am

Family can account for eight decades of service

Eric Li Ka-cheung's family has used them all - abacuses, adding machines, mechanical and electronic calculators, and computers - as its three generations of accountants wielded the tools of their profession over more than eight decades.

8 Apr 2007 - 12:00am

A challenge to the Big Four

ACCOUNTING AND financial advisory firm LehmanBrown is ready to battle the Big Four in China. Knowing it must first attract professionals with international exposure and experience working with multinationals, the firm plans to find such recruits in Hong Kong.

24 Sep 2005 - 12:00am

Chief sleuth at ICAC a job to look into

If you have immaculate accounting or audit qualifications, a distinguished record of service and a keen interest in financial investigation, read on.

The Independent Commission Against Corruption (ICAC) is looking for suitable candidates to fill the vacancy of chief investigator (financial investigation) in its operations department.

23 Apr 2005 - 12:00am