AFRC analyses trading suspensions of listed entities due to delays in preliminary annual results announcements and calls for continued efforts to uphold high-quality audits and financial reporting

On 5 Jul 2024, the Accounting and Financial Reporting Council (AFRC) published a report titled Analysis of Listed Entities Suspended from Trading Due to Delay of Preliminary Annual Results Announcement. This report presents the AFRC’s analysis and observations of trading suspensions among listed entities in Hong Kong caused by delays in the publication of their preliminary annual results (Suspended Stocks). Additionally, the report provides clear recommendations for public interest entity (PIE) auditors, audit committees, and management of listed entities.

Resources: https://www.afrc.org.hk/media/qj3g1esj/press-release_suspension-of-trading_en.pdf