Hong Kong’s Auditor Watchdog Says Major Improvements Are Needed

Bloomberg2021-06-03

Auditing work on Hong Kong’s listed companies needs a “significant improvement” with almost three-quarters of inspections showing sub-par work, according to the accounting industry watchdog. In ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

KateJhui23
2021-06-03
KateJhui23
Really??[Doubt]
genieK
2021-06-03
genieK
Is true? What u think
- Vancenzo:
  Hmm
bebe_ufo
2021-06-03
bebe_ufo
Okay
Robinshk
2021-06-03
Robinshk
Really

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/1163764639?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-06-03 21:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1163764639","market":"hk","top_or_hot":-1,"title":"Hong Kong’s Auditor Watchdog Says Major Improvements Are Needed","media":"Bloomberg","content":"<div>\n<p>Auditing work on Hong Kong’s listed companies needs a “significant improvement” with almost three-quarters of inspections showing sub-par work, according to the accounting industry watchdog.\nIn ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-03/hong-kong-s-auditor-watchdog-says-major-improvements-are-needed\">网页链接</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong’s Auditor Watchdog Says Major Improvements Are Needed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong’s Auditor Watchdog Says Major Improvements Are Needed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-03 21:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-03/hong-kong-s-auditor-watchdog-says-major-improvements-are-needed><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Auditing work on Hong Kong’s listed companies needs a “significant improvement” with almost three-quarters of inspections showing sub-par work, according to the accounting industry watchdog.\nIn ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-03/hong-kong-s-auditor-watchdog-says-major-improvements-are-needed\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSCEI","symbol_name":"国企指数","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-06-03/hong-kong-s-auditor-watchdog-says-major-improvements-are-needed","article_id":"1163764639","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163764639","pubTimestamp":1622725831,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Auditing work on Hong Kong’s listed companies needs a “significant improvement” with almost three-qu","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSCEI":"国企指数","HSI":"恒生指数","HSTECH":"恒生科技指数","HSCCI":"红筹指数"},"translate_title":"香港的审计监督机构称需要进行重大改进","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSCCI":0.9,"HSCEI":0.9,"HSI":0.9,"HSTECH":0.9},"content_text":"Auditing work on Hong Kong’s listed companies needs a “significant improvement” with almost three-quarters of inspections showing sub-par work, according to the accounting industry watchdog.\nIn inspections, 73% of the cases showed a need for “improvement” or “significant improvement,” the Financial Reporting Council said. More than 80% of the audits inspected showed instances of inadequate skepticism, the watchdog’s first annual inspection report after commencing a new regulatory regime showed.\n“As such the quality of these audits was far below the standard that we expect and hence needs to be significantly improved by firms of all sizes,” FRC Chief Executive Officer Marek Grabowski said in a statement.\nInadequate work included insufficient challenges to key assumptions, business rationales and a lack of consideration to relevant facts and available evidence, the FRC said. Inspected engagements rated as “significant improvements required” are likely to be referred for enforcement action, including investigations or disciplinary action, according to the report.\nHong Kong was in April hit by trading suspensions of more than 50 companies after they failed to report earnings on time, some citing a dispute with their accountants.\nAmong the about 2,500 publicly traded companies in the former British colony, audit work was shared by fewer than 80 audit firms that fall under FRC supervision after the city moved from an industry self-oversight model in late 2019. As the city slowly recovers from pandemic and the political turmoil since 2019, the FRC is also facing added responsibilities in overseeing the audits of a bevy of Chinese firms that are listing in the city amid pressure to delist in the U.S.\nAmong the engagements inspected by the FRC were working papers concerning mainland Chinese firms available in Hong Kong, following a memorandum of understanding it signed with Chinese authorities to gain access to documents otherwise denied to offshore regulators.\nThe FRC completed 37 engagement inspections and another 18 on quality control systems.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":118647952,"gmtCreate":1622731773176,"gmtModify":1634098600743,"author":{"id":"3584478298882467","authorId":"3584478298882467","name":"KateJhui23","avatar":"https://static.tigerbbs.com/2c98823f607a881bbd0e1d6935c1c772","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584478298882467","authorIdStr":"3584478298882467"},"htmlText":"Really??[Doubt]&nbsp;","listText":"Really??[Doubt]&nbsp;","text":"Really??[Doubt]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/118647952","repostId":1163764639,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":118176819,"gmtCreate":1622726214931,"gmtModify":1634098718152,"author":{"id":"3581753686338259","authorId":"3581753686338259","name":"genieK","avatar":"https://static.tigerbbs.com/52d4ff8d1c88a2ac7f50d92cb5e9fbd7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581753686338259","authorIdStr":"3581753686338259"},"htmlText":"Is true? What u think","listText":"Is true? What u think","text":"Is true? What u think","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/118176819","repostId":1163764639,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4564168,"gmtCreate":1622727209979,"gmtModify":1635338488765,"authorId":3581048279409062,"author":{"id":3581048279409062,"idStr":"3581048279409062","authorId":3581048279409062,"name":"Vancenzo","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":118176819,"type":1,"supId":0,"prevId":0,"content":"Hmm","text":"Hmm","html":"Hmm"}],"langContent":"EN"},{"id":118173913,"gmtCreate":1622726053332,"gmtModify":1634098719805,"author":{"id":"3581910832254205","authorId":"3581910832254205","name":"bebe_ufo","avatar":"https://static.tigerbbs.com/ab39ed5acf5086058e17d922ab9164bc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581910832254205","authorIdStr":"3581910832254205"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/118173913","repostId":1163764639,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":118170653,"gmtCreate":1622725970672,"gmtModify":1634098721098,"author":{"id":"3583719339427406","authorId":"3583719339427406","name":"Robinshk","avatar":"https://static.tigerbbs.com/c1089a1858cf641f8680d8015659c00d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583719339427406","authorIdStr":"3583719339427406"},"htmlText":"Really","listText":"Really","text":"Really","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/118170653","repostId":1163764639,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":20,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1163764639"}