Yip, Kai Yin
HKICPA fines Jimmy Siu, Yip Kai Yin and Elite Partners CPA Ltd HK$500k jointly
HKICPA, 15-Jun-2022
For bad work on the 2017 audit of L & A (now Legendary Group, 8195). This is the 7th fine for Elite since 2015, the 6th for Mr Yip since 2013, and the 3rd for Mr Siu since 2020.
HKICPA, 15-Jun-2022
For bad work on the 2017 audit of L & A (now Legendary Group, 8195). This is the 7th fine for Elite since 2015, the 6th for Mr Yip since 2013, and the 3rd for Mr Siu since 2020.
Jimmy Siu and Yip Kai Yin of Elite Partners CPA Ltd fined HK$300k + $200k costs
HKICPA, 24-Jun-2021
For bad audit work. We can tell you that the unnamed listed company involved was China Zenith Chemical, now named Xinyang Maojian (0362).
HKICPA, 24-Jun-2021
For bad audit work. We can tell you that the unnamed listed company involved was China Zenith Chemical, now named Xinyang Maojian (0362).
HKICPA fines Edmund Siu, Yip Kai Yin & Elite Partners CPA Ltd HK$50k each, plus costs of HK$290k
HKICPA, 20-May-2021
For bad work on the 2014 audit of China National Culture (0745) relating to goodwill impairment testing on the 2012 acquisition of Huge Leader Development Ltd, which we wrote about in our "Raking Muck" series of articles in 2012. In the 2014 accounts, the management's cashflow projections were valued by International Valuation Ltd. Elite has now been fined 6 times since 2015, Mr Yip 4 times since 2013 and Mr Siu 3 times since 2017.
HKICPA, 20-May-2021
For bad work on the 2014 audit of China National Culture (0745) relating to goodwill impairment testing on the 2012 acquisition of Huge Leader Development Ltd, which we wrote about in our "Raking Muck" series of articles in 2012. In the 2014 accounts, the management's cashflow projections were valued by International Valuation Ltd. Elite has now been fined 6 times since 2015, Mr Yip 4 times since 2013 and Mr Siu 3 times since 2017.
HKICPA bans Yip Kai Yin for 9 months and Siman Ng Man Chung for 6 months, fines them and Elite Partners CPA Ltd
HKICPA, 22-Jun-2020
This is Mr Yip's 3rd sanction in 7 years, Mr Ng's 2nd in 5 years and the firm's 4th in 5 years. This time it relates to bad audit work on China Agrotech (1073) in 2012.
HKICPA, 22-Jun-2020
This is Mr Yip's 3rd sanction in 7 years, Mr Ng's 2nd in 5 years and the firm's 4th in 5 years. This time it relates to bad audit work on China Agrotech (1073) in 2012.
HKICPA fines Yip Kai Yin, Edmund Siu & Elite Partners CPA Ltd
HKICPA, 15-Aug-2017
For bad audit work. HKICPA fails to name the listed company, but we deduce that it is Chaoda Modern Agriculture (0682). Mr Yip was previously fined in 2013. Elite Partners CPA Ltd was fined in 2015 for bad work on another listed company.
HKICPA, 15-Aug-2017
For bad audit work. HKICPA fails to name the listed company, but we deduce that it is Chaoda Modern Agriculture (0682). Mr Yip was previously fined in 2013. Elite Partners CPA Ltd was fined in 2015 for bad work on another listed company.
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