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The Accounting and Financial Reporting Council (AFRC) today briefed Members of the LegCo Panel on Financial Affairs on its budget for 2023-24.

At the briefing, Dr Kelvin Wong, Chairman of the AFRC shared with Members the latest developments, work progress and accomplishments of the AFRC.  Dr Wong remarked, “With 115 passionate and competent staff, the AFRC has been able to overcome budget constraints and effectively discharge regulatory functions covering both Public Interest Entity (PIE) auditors and non-PIE practice units.”

Dr Wong expressed heartfelt thanks to the Legislative Council and the Government for their unfailing trust and support in AFRC’s regulatory roles.  He said, “Hong Kong is on the road of economic recovery.  The AFRC will continue to play its pivotal role in  protecting the public interest and safeguarding Hong Kong’s status as a competitive international financial centre.”

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