Overview

In the current financial landscape marked by multiple challenges and uncertainties, there are high expectations from investors to uphold good governance and financial reporting and auditing quality.

Auditors serve as vital gatekeepers of financial reporting of listed companies in Hong Kong. They play a crucial role in ensuring the integrity of Hong Kong’s capital markets and fostering investor confidence. Amidst a challenging and complex environment, maintaining a high standard of audit quality and governance have become even more critical.

In this webinar, the Accounting and Financial Reporting Council (AFRC) will provide a comprehensive overview of the composition and dynamics of the audit market of listed entities in Hong Kong, including key factors impacting audit quality.

The webinar will also provide insights gathered from roundtable discussions with investors, and other stakeholders (audit committee members and auditors) on the threats to audit quality and views on climate-integrated financial reporting and audits in Hong Kong.

Further, the AFRC will provide actionable recommendations to investors and other stakeholders to reinforce good governance practices and enhance financial reporting and audit quality.

Content

• Considerations for setting an appropriate level of audit fees.
• Considerations for selecting and appointing auditors including their “tone at the top”, provision of CPD training, vacancy, attrition, the level of supervision and workload, technology deployment, and gender distribution.
• Stakeholders’ views on the latest audit landscape.
• Practical recommendations for investors and other stakeholders to improve governance and financial reporting and audit quality.

Who should attend

Senior management and Board members, audit committee members, shareholders, investors of listed companies and auditors.