The Financial Reporting Council and the Supervision and Evaluation Bureau of China’s Ministry of Finance signed an MoU on Wednesday allowing the FRC to access audit papers on the mainland. Photo: Robert Ng The Financial Reporting Council and the Supervision and Evaluation Bureau of China’s Ministry of Finance signed an MoU on Wednesday allowing the FRC to access audit papers on the mainland. Photo: Robert Ng
The Financial Reporting Council and the Supervision and Evaluation Bureau of China’s Ministry of Finance signed an MoU on Wednesday allowing the FRC to access audit papers on the mainland. Photo: Robert Ng

Access to audit papers – state secrets – of mainland companies to help Hong Kong regulator’s investigations

  • As mainland authorities consider audit papers as “state secrets” these lead to challenges in cross border investigations
  • Financial Reporting Council’s MoU with unit of Ministry of Finance will help investigations in nine ongoing cases

Topic |   Accounting and Auditing
The Financial Reporting Council and the Supervision and Evaluation Bureau of China’s Ministry of Finance signed an MoU on Wednesday allowing the FRC to access audit papers on the mainland. Photo: Robert Ng The Financial Reporting Council and the Supervision and Evaluation Bureau of China’s Ministry of Finance signed an MoU on Wednesday allowing the FRC to access audit papers on the mainland. Photo: Robert Ng
The Financial Reporting Council and the Supervision and Evaluation Bureau of China’s Ministry of Finance signed an MoU on Wednesday allowing the FRC to access audit papers on the mainland. Photo: Robert Ng
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