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

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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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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.