• Thu
  • Nov 27, 2014
  • Updated: 1:26am

Financial Statements

Daqing Dairy chairman and finance chief resign over Deloitte's misgivings

Daqing Dairy's chairman Zhao Yu and chief financial officer Fong Pin Jan resigned yesterday, according to the company.

Friday, 11 January, 2013, 3:56am

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

Prospectus listing plan under fire

A Securities and Futures Commission's proposal that would require listing sponsors to post the first draft of a company prospectus on the internet has drawn criticism.

4 Jun 2012 - 12:00am

Bankers could be jailed over dodgy listings

Bankers and brokers may be jailed if they fail to ensure the accuracy of listing prospectuses produced by companies they are sponsoring to join the stock market.

Allocating criminal liability for such misdeeds is part of the Securities and Futures Commission's plan to improve market quality in light of recent scandals that have tarnished the image of the local bourse.

20 Apr 2012 - 12:00am

Questionable accounting

A new storm is brewing in the accounting world, this time centred around mainland firms listed on the Hong Kong stock market.

5 Apr 2012 - 12:00am

Don't expect too much from auditors - they're watchdogs, not bloodhounds

Alarm bells tend to ring when a company is given a clean bill of health by auditors and then suddenly becomes accused of accounting fraud. Those who follow and use financial statements - such as investors, analysts, credit agencies and creditors - rely on auditors to keep tabs on the accuracy of companies' accounts.

19 Dec 2011 - 12:00am

For non-accountant managers

Executive Certificate in Accounting for Business Managers HKU SPACE

Accounting is an integral part of managing a business, and something which all managers should master. For those without an accounting educational background, HKU SPACE offers the executive certificate in accounting for business managers.

18 Nov 2011 - 12:00am

Nothing but the truth

As one of a public company's most important acts of financial disclosure and its major instrument for shareholder and investor communication, an annual report can make or break business reputations.

2 Nov 2011 - 12:00am

Cooking the books

Listed companies live in constant fear of the markets, with investors constantly locked into short-term views and looking to punish firms that cannot meet their quarterly or half-year targets.

4 Jul 2011 - 12:00am

Lai See

China Forestry Holdings' results show an ultra big mess

5 May 2011 - 12:00am

World becomes a smaller place

It's been four years since the mainland began formally adopting a significant number of accounting standards laid out by the International Accounting Standards Board (IASB).

21 Apr 2011 - 12:00am

Judges look beyond bottom line

Annual reports not only help shareholders understand how their investment is performing, they say a great deal more about a company and its activities, including business plans and corporate social responsibility (CSR) initiatives.

2 Nov 2010 - 12:00am

KPMG quits as Hontex auditor over 'gifts'

KPMG said it had resigned as auditor of troubled Hontex International Holdings after the sportswear company offered 'cash gifts' to KPMG auditors in exchange for covering up discrepancies in its financial statement last year.

14 May 2010 - 12:00am

Make competition top priority

A plea not to rush to heavy-handed regulation is at the heart of a recent policy paper by the Association of Chartered Certified Accountants (ACCA).

24 Sep 2009 - 12:00am