Appointments to Accounting and Financial Reporting Review Tribunal
******************************************************************
The Chief Executive, pursuant to the Accounting and Financial Reporting Council Ordinance (Cap. 588), has appointed Mr Jonathan Chang Tien-yin, SC as the Chairman of the AFRRT.
The Financial Secretary, under the authority delegated by the Chief Executive pursuant to the Ordinance, has reappointed five incumbent members and appointed two new members to the panel for the AFRRT. The incumbent panel members reappointed are Professor Chan Koon-hung, Professor Stella Cho Lung Pui-lan, Professor Hui Kai-wai, Mr Simon Wong Hin-wing, and Ms Wong Yuen-chi. The newly appointed members are Professor Terence Chong Tai-leung and Mr Louis Chow Ka-leung.
Announcing the appointments, the Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, "The AFRRT is a crucial safeguard which ensures that specified decisions made by the Accounting and Financial Reporting Council (AFRC) in relation to the regulation of the accounting profession are fair and reasonable. We believe that Mr Chang, with his knowledge and experience in the legal profession, will guide the AFRRT to operate effectively."
The Financial Services and the Treasury Bureau also expressed gratitude to the outgoing Chairman, Mr Stewart Wong Kai-ming, SC, for his dedicated service during his tenure.
Upon the commencement of the new regulatory regime of the accounting profession on October 1, 2022, the former Public Interest Entities Auditors Review Tribunal has been renamed as the AFRRT with expanded jurisdiction to review, in response to applications by any aggrieved persons, specified decisions made by the AFRC in respect of registration and recognition of listed entities auditors, registration of practice units, issuance of practising certificates to certified public accountants, and disciplinary sanctions against listed entities auditors, practice units and certified public accountants.
Ends/Friday, September 29, 2023
Issued at HKT 11:00
Issued at HKT 11:00
NNNN