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Press Releases AFRC reprimands Chan Steven Kwok Keung and Sino Corp CPA Limited and imposes pecuniary penalties totalling HK$100,000 for CPA misconduct 12 Mar, 2024 Press Releases AFRC welcomes the Government’s 2024-25 Budget 28 Feb, 2024
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What does AFRC stand for?
What does the AFRC do?
What does the FRC do?
Why is the AFRC a transparent regulator?
The AFRC is the independent regulator of the Accounting Profession established on 1 December 2006. We exercise the full spectrum of our regulatory powers to uphold high standards of professional conduct, and thus protect public interest. Our mission is to shape a competitive environment that will nurture and promote success of the profession.
A brief history of AFRC. AFRC, formerly known as the Financial Reporting Council (FRC), was established in December 2006 under the Financial Reporting Council Ordinance (FRCO). The FRC came into full operation in 2007 with the major functions of initiating enquiries into possible non-compliance with accounting requirements and conducting ...