AFRC ๐๐๐ฑ๐ถ๐ ๐๐ผ๐ฐ๐๐ โ ๐ฆ๐๐ฝ๐ฝ๐ผ๐ฟ๐๐ถ๐ป๐ด ๐๐ถ๐ด๐ต-๐ค๐๐ฎ๐น๐ถ๐๐ ๐๐๐ฑ๐ถ๐๐ ๐ถ๐ป ๐ฎ ๐๐๐ป๐ฎ๐บ๐ถ๐ฐ ๐ฅ๐ถ๐๐ธ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
Oct 3, 2025
As Hong Kong continues to solidify its position as a leading international financial centre, the importance of maintaining trust and confidence in our capital market has never been greater. In response to the rapidly changing economic conditions and advances in technology shaping 2025, auditors face a dynamic risk environment that demands heightened vigilance, adaptability, and expertise. Maintaining high-quality audits is crucial for safeguarding Hong Kongโs reputation on the global stage.
To support the profession in navigating todayโs dynamic risk environment, the AFRC has issued two publications for the 2025 financial year-end audits:
๐๐๐ฑ๐ถ๐ ๐๐ผ๐ฐ๐๐ ๐ณ๐ผ๐ฟ ๐ฎ๐ฌ๐ฎ๐ฑ ๐ฌ๐ฒ๐ฎ๐ฟ-๐๐ป๐ฑ ๐๐๐ฑ๐ถ๐๐
This publication offers practical reminders and highlights key areas that require particular attention from auditors, including risk assessment, asset impairment assessment, going concern assessment, responding to fraud risks, group audit and first-year audit. It also underscores the need for firms to foster a culture of integrity and high standards through the right tone at the top, prioritising continuous professional development, and monitoring partner workloads and involvement.
๐๐๐ฑ๐ถ๐ ๐๐ผ๐ฐ๐๐ ๐ณ๐ผ๐ฟ ๐ฎ๐ฌ๐ฎ๐ฑ ๐ฌ๐ฒ๐ฎ๐ฟ-๐๐ป๐ฑ ๐๐๐ฑ๐ถ๐๐: ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ฆ๐ฒ๐ฟ๐๐ถ๐ฐ๐ฒ๐ ๐ฆ๐ฒ๐ฐ๐๐ผ๐ฟ
Recognising the financial services sectorโs importance to Hong Kongโs global financial hub status, this first dedicated publication offers tailored insights into sub-sectors such as banking, insurance, asset and wealth management, and broker-dealers. It provides practical guidance for addressing the sectorโs unique and evolving risks effectively, while also outlining firm-specific readiness considerations.
Both publications equip auditors with actionable insights to navigate the complexities of todayโs audits while ensuring firmsโ sustainable development and long-term success.
๐ Read the full Audit Focus publication here: https://lnkd.in/gaDFiMYM
๐ Explore the Financial Services guidance here: https://lnkd.in/gTknBSkx
