FRC welcomes the 2021 Annual Report of the Process Review Panel

20 Jul, 2022

The Financial Reporting Council (“FRC") welcomes the conclusion from the Process Review Panel (“PRP") in their 13th Annual Report (the Report) that the FRC had carried out its work in accordance with its internal procedures.

Dr Kelvin Wong, Chairman of the FRC remarked, “On behalf of the FRC, I would like to convey our heartfelt gratitude to the PRP for conducting the review. Their recommendations are particularly important to the FRC as it transforms into the independent regulator of the accounting profession in Hong Kong with expanded regulatory roles. The FRC will remain steadfast in fully complying with its internal procedures to ensure transparency and fairness while delivering effective regulatory outcomes for safeguarding public interest."

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