The FRC, which regulates the auditors of Hong Kong-listed companies, is in talks with Beijing’s Ministry of Finance (MOF) about allowing it to inspect the audit papers of mainland Chinese firms. Photo: Sam Tsang
Hong Kong audit regulator in talks with Beijing’s Ministry of Finance about granting it access to working papers of mainland Chinese companies, chairman says
- The Financial Reporting Council is exploring ways its staff might be allowed to inspect the audit papers of companies in mainland China, says Kelvin Wong
- ‘These inspections [would] aim at checking if audit firms have sufficient internal controls on audit quality,’ says Wong
The FRC, which regulates the auditors of Hong Kong-listed companies, is in talks with Beijing’s Ministry of Finance (MOF) about allowing it to inspect the audit papers of mainland Chinese firms. Photo: Sam Tsang
