On 13 Jun 2024 the Accounting and Financial Reporting Council (AFRC) published its report
Roundtable Discussion on Audit Quality and Climate-integrated Audits in Hong Kong.
The report summarises insights gathered from roundtable discussions with investors,
members of audit committees, and auditors of listed companies. The discussions
focused on audit quality of Hong Kong listed companies and the threat posed to them
by stagnation of audit fees and opportunistic changes of auditors. The discussions
also covered current limitations of climate-integrated financial reporting and audit in
Hong Kong and the need for independent assurance of sustainability reporting. The
report presents a three-prong call to action for these stakeholders to foster better
quality of financial reporting and audit.
Resources: https://www.afrc.org.hk/media/52ke5p5i/press-release_roundtable-report_en.pdf