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Accounting And Financial Reporting Council
The Accounting and Financial Reporting Council (AFRC) of Hong Kong is the statutory body charged with regulating the accounting profession in Hong Kong. It oversees the performance of the Hong Kong Institute of Certified Public Accountants (HKICPA) with regards to its statutory functions towards accountancy in Hong Kong. Other duties include initiating enquiries into possible non-compliance with accounting requirements and conducting investigations into auditing misconduct. the AFRC is a regulator run independently of the Government of Hong Kong. History The Financial Reporting Council Ordinance was gazetted in July 2006 which called for the establishment of a Financial Reporting Council (FRC) to investigate suspected irregularities committed by auditors and reporting accountants of listed entities, and to inquire into non-compliances of listed entities' financial reports with legal, accounting or regulatory requirements. Later on that year the FRC was established. It took ove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taikoo Place
Taikoo Place () is a commercial building complex located in Quarry Bay, east Hong Kong Island, Hong Kong. It comprises grade A office towers, car parking, clubs, office apartment, parks, and shops. It is reachable by MTR Island line (MTR). These three complexes are all managed by Swire Properties since the beginning from Taikoo Sugar Refinery, the subsequent Taikoo Dockyard and the recent demolitions of the industrial buildings. Timeline Since the 1980s, Taikoo Place has been redeveloped to become a unique metropolitan environment for business and entertainment. Until now, notable amenities include the Butterfield's private members club. It is recognized as a popular choice for younger workers to seek employment. Taikoo Place hosts many advertisement and information technology firms. The PCCW Tower, the tower just next to Dorset House is where the headquarters of PCCW are located, a Hong Kong-based telecommunication company. The local headquarters of IBM and JWT is also si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (China)
The Ministry of Finance of the People's Republic of China is the constituent department of the State Council of the People's Republic of China which administers macroeconomic policies and the annual budget. It also handles fiscal policy, economic regulations and government expenditure for the state. The ministry also records and publishes annual macroeconomic data on China's economy. This includes information such as previous economic growth rates in China, central government debt and borrowing and many other indicators regarding the economy of mainland China. The Ministry of Finance's remit is smaller than its counterparts in many other states. Macroeconomic management is primarily handled by the National Development and Reform Commission (NDRC). State-owned industries are the responsibility of the State-owned Assets Supervision and Administration Commission, and there are separate regulators for banking, insurance and securities. It also does not handle regulation of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Oversight And Watchdog Organizations
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The main types of modern political systems recognized are democracies, totalitarian regimes, and, sitting between these two, authoritarian regimes with a variety of hybrid regimes. Modern classification systems also include monarchies as a standalone entity or as a hybrid system of the main three. Historically prevalent forms ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulatory Authorities Of Hong Kong
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accounting Organizations
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used interchangeably. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers. Management accounting focuses on the measurement, analysis and reporting of information for internal use by management to enhance business op ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Financial Regulatory Authorities By Jurisdiction
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services. Financial intelligence units and policy banks are not listed, unless they also have a financial supervisory mandate. List of current authorities Authorities by sovereign states Others authorities by sovereign states and dependencies Extinct financial regulatory authorities Only those former authorities with a dedicated Wikipedia article are listed here. * Belgian Banking Commission (1935–2011) * (SBIF, 1925–2019), (SAFP, 1980–2008) and (SVS, 1980–2018) * China Banking Regulatory Commission (2003–2018), China Insurance Regulatory Commission (2003–2018), China Banking and Insurance Regulatory Commission (2018–2023), and Financial Stability and Development Committee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) is the central bank, central banking institution of Hong Kong. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. The organisation reports directly to the Financial Secretary (Hong Kong), Financial Secretary. Responsibilities The exchange fund was established and managed originally by the Currency Ordinance in 1935, now named the Exchange Fund Ordinance. Under the Ordinance, the HKMA's primary objective is to ensure the stability of the Hong Kong currency and the banking system. It is also responsible for promoting the efficiency, integrity and development of the financial system.Noel FungGovernment power over Exchange Fund's stability role under review . The Standard (Hong Kong), The Standard. 18 November 1997. The HKMA issues Banknotes of the Hong Kong dollar, banknotes only in the denomination of ten Hong Kong dollars. The role of issuing other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Evergrande Group
The China Evergrande Group was a Chinese property developer, and it was the second largest in China by sales. It was founded in 1996 by Hui Ka Yan (Xu Jiayin). It sold apartments mostly to upper- and middle-income dwellers. Evergrande was incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. In 2018, Evergrande became the most valuable real estate company in the world, but by 2021 it had collapsed financially and started the Chinese property sector crisis. The company eventually filed for bankruptcy in the United States in 2023, which was followed by a court-ordered liquidation in Hong Kong in January 2024. History Initially called the Hongda Group, Evergrande was founded by Hui Ka Yan in the southern Chinese city of Guangzhou in 1996, during a period of mass urbanization in China. In October 2009, the company raised $722 million U.S. in an initial pub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Convoy Global Holdings
Convoy Global Holdings Limited (, ) is a member of Convoy Financial Group. Through its wholly owned subsidiary, Convoy Financial Services Limited () which provides financial planning services, risk management, retirement planning and estate planning. It is the largest independent insurance and MPF schemes brokerage firm in Hong Kong in terms of number of consultants.Convoy Global Holdings Limited Announces Proposed Listing on Main Board of HKSE Official press release. Retrieved 2010-06-28. Convoy Financial Services Limited is both a member of Professional Insurance Brokers Association and is registered as an Mandator ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Certified Public Accountant
Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries. In the United States, the CPA is a license to provide accounting services to the public. It is awarded by each of the 50 states for practice in that state. Additionally, all states except Hawaii have passed mobility laws to allow CPAs from other states to practice in their state. State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting-related experience. Continuing professional education (CPE) is also required to maintain licensure. Individuals who have been awarded the CPA but have lapsed in the fulfillment of the required CPE or who have requested conversion to inactive status are in many states permitte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Audit Working Papers
Audit working papers are the documents which record during the course of audit evidence obtained during financial statements auditing, internal management auditing, information systems auditing, and investigations. Audit working papers are used to support the audit work done in order to provide the assurance that the audit was performed in accordance with the relevant auditing standards. They show the audit was: *Properly planned; *Carried out properly *There was adequate supervision; *That the appropriate review was undertaken; and *That the evidence is sufficient and appropriate to support the audit opinion The Institute of Internal Auditors, a global professional audit standards body, has issued practice advisory 2330-1 stating the goals of audit working papers are to: *Document the planning, performance, and review of audit work; *Provide the principal support for audit communication such as observations, conclusions, and the final report; *Facilitate third-party reviews and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
