Appointments to Accounting and Financial Reporting Council announced
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The Financial Secretary, under the authority delegated by the Chief Executive pursuant to the Accounting and Financial Reporting Council Ordinance (Cap. 588), has reappointed Mr Roger Thomas Best, Mr Stephen Hung Wan-shun and Ms Miranda Kwok Pui-fong as Non-executive Directors (NEDs) of the AFRC for a term of one year from October 1, 2025, to September 30, 2026; reappointed Mr Andrew Fung Hau-chung, Dr James C Lin and Mr Edward Yuen Siu-bun as NEDs of the AFRC for a term of two years from October 1, 2025, to September 30, 2027; and newly appointed Ms Clara Chan Yuen-shan, Ms Cindi Hui Ming-ming and Mr Charles Lip Sai-wo as NEDs of the AFRC for a term of two years from October 1, 2025, to September 30, 2027.
Announcing the appointments, a spokesman for the Financial Services and the Treasury Bureau said, "Since the launch of the new regulatory regime of the accounting profession in 2022, the AFRC Board has been steering the orderly discharge of its various regulatory powers over accounting professionals and practice units. As three new NEDs from a diverse professional background are coming onboard, we are confident that the AFRC will continue to strive for the effective regulation and sustainable development of Hong Kong's accounting profession."
The Financial Services and the Treasury Bureau would also like to express its heartfelt gratitude to Mr Eugene Fung Ting-sek, Mr Stephen Lee Hoi-yin, Ms Rosita Lee Pui-shan, Mr Francis Siu Wai-keung and Dr Peter Wan Kam-to for their dedicated services and valuable contributions to the AFRC as NEDs since October 2019.
Upon the commencement of the new regulatory regime of the accounting profession on October 1, 2022, the AFRC has become a full-fledged independent regulatory and oversight body of the accounting profession with expanded statutory functions of, inter alia, registration, inspection, investigation and discipline. It is also responsible for promoting and supporting the development of the accounting profession, as well as overseeing the Hong Kong Institute of Certified Public Accountants' performance of various statutory professional functions.
Ends/Friday, September 26, 2025
Issued at HKT 16:30
Issued at HKT 16:30
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