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
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
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
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