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  • Sep 21, 2014
  • Updated: 2:07pm

Hong Kong Society of Accountants

Taxing problem

The Hong Kong Society of Accountants is backing the government's call for a sales tax. They say it would ensure financial stability in the long run. Are indirect taxes the best way of bolstering government coffers? Share your views: write to us.

Saturday, 20 December, 2003, 12:00am

Better rules, please, not more watchdogs

The Hong Kong Society of Accountants has, sensibly, decided to become part of the solution rather than remaining a problem. Accepting that self-regulation has manifestly failed to improve accounting practices, it has proposed a government-backed oversight body to police the profession.

24 Dec 2002 - 12:00am

Accounting change

The Hong Kong Society of Accountants has issued a ruling on standard accounting practice concerning 'discontinuing operations'. It requires that, after January 1, information about a planned discontinuance be disclosed and segregated from information of continuing operations.

31 Oct 2001 - 12:00am

Disciplinary moves aim to increase openness in regulation

The Hong Kong Society of Accountants has proposed changes to its disciplinary proceedings in a bid to increase the transparency and effectiveness of the regulation of its members.

22 Sep 2000 - 12:00am

Accounting society beats off legal challenge to investigative powers

The Hong Kong Society of Accountants (HKSA) has triumphed again in the latest challenge to its powers with a court ruling that bolsters its right to probe potential misconduct.

A judge has refused to strip the regulator of its power to crack down on suspected malpractice based on anonymous tip-offs and materials, a crucial element of the body's watchdog role.

30 Jun 2000 - 12:00am

Ernst & Young fails to halt HKSA probe

Ernst & Young has failed to stop an investigation by the Hong Kong Society of Accountants (HKSA) into a Cosco International Holdings audit despite lodging a second legal challenge to it.

3 May 2000 - 12:00am

Deloitte counter-attacks on HKSA probe

Deloitte Touche Tohmatsu has accused the Hong Kong Society of Accountants (HKSA) of pandering to regulators by launching a probe into the firm's 1997 audit of insolvent red chip Guangnan (Holdings).

The firm is seeking to quash the regulatory body's decision to scrutinise the audit, the second such challenge to the HKSA's powers in less than two weeks.

21 Mar 2000 - 12:00am

Deloitte tries to stop HKSA probe

Deloitte Touche Tohmatsu is seeking a judicial review to thwart a probe by the Hong Kong Society of Accountants (HKSA) into the firm's 1997 audit of insolvent red chip Guangnan (Holdings), citing a litany of alleged violations by the regulatory body.

11 Aug 1999 - 12:00am

'Simple' reports to spark complaint

The stock exchange is to make a formal complaint to the Hong Kong Society of Accountants (HKSA) over its reports into three cases of suspected fraud by listed companies, according to sources.

The exchange was dissatisfied with the standard of the reports, they said.

21 May 1999 - 12:00am

The sexy world of bean counting

A survey in the early 1990s showed one group of professionals in Hong Kong were considered to have a high sex appeal: accountants. It cannot be, I hear you say. Besuited, bespectacled and beyond consideration in the 'macho job' stakes, these toilers in the fields of ledger books have always been a byword for boring.

1 May 1999 - 12:00am

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