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HKICPA fines Pan-China (H.K.) CPA Ltd HK$250k; Eugene Fung Pui Cheung & Gary Wong Ho Yuen $50k each
HKICPA, 25-Jan-2019
This relates to the 2010 audit of GT Group (0263) and the valuations of mining rights and goodwill. Citing 2 other cases for which the firm was fined in 2016 and 2017, the Committee increases the fine, but we note that the audit and non-audit fees on this account for 2010 were HK$1.56m, so this is hardly a deterrent. The HKICPA is constrained by a maximum fine of $0.5m but didn't even use that.
Organisations
- MALCOLM AND ASSOCIATES APPRAISAL LIMITED
- PAN-CHINA (H.K.) CPA LIMITED 天健(香港)會計師事務所有限公司
- WBB CORPORATE ADVISORS LIMITED
People
- Au Yeung, Kelvin Wai Lun 歐陽偉倫
- Chan, Kam Hon (SAB) 陳錦漢
- Chan, Raymond Wai Man (HKICPA Panel B)
- Fung, Eugene Pui Cheung 馮培漳
- Ho, Richard Kam Wing 何錦榮
- Phenix, Paul Anthony 馮保羅
- Wong, Gary Ho Yuen 黃浩源
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