Tag Archives: Hong Kong

Hong Kong Reviewing Self-Regulation

State Board Report January 2014 Hong Kong’s Financial Reporting Commission (FRC) is set to begin market consultation to reform the city’s system of audit oversight. The effort stems back to a decision of the International Forum of Independent Audit Regulators (IFIAR) not to accept Hong Kong as a member and the findings of a Deloitte…

Where in the World is Linda Biek?

State Board Report September 2012 Linda Biek, NASBA’s Director of Governmental, International and Professional Relations, has resigned her post to become the Hong Kong Institute of CPAs’ Director – Compliance. HKICPA is the sole statutory licensing body for auditors of public companies in Hong Kong. Ms. Biek has served as staff liaison for many NASBA…

HKICPA Agreement Signed at Annual

State Board Report November 2011 After about six years of negotiations, a mutual recognition agreement (MRA) was signed on October 24 by the Hong Kong Institute of CPAs, the American Institute of CPAs, and the National Association of State Boards of Accountancy. “Hong Kong needs accounting talent to match its economic growth,” HKICPA Chief Executive…

U.S. IQAB and Hong Kong Institute of CPAs Sign MRA

Reciprocity for CPAs Announced at NASBA Annual Meeting NEW YORK and NASHVILLE (October 24, 2011) – The U.S. International Qualifications Appraisal Board and the Hong Kong Institute of Certified Public Accountants have entered into a five-year Mutual Recognition Agreement that establishes the basis for reciprocity between the U.S. and Hong Kong accounting professions. “The agreement…