Chan, William Wai Nam 陳偉楠
HKICPA fines Elite Partners CPA Ltd, William Chan Wai Nam & Edmund Siu HK$250k
| Elite client total returns
HKICPA, 3-Feb-2021
Webb-site Total Returns suggest that investors should avoid any company that appoints Elite as auditor. This is the 5th fine for the firm in 6 years, the 2nd for Mr Chan and the 2nd for Mr Siu. This one relates to the 2013 audit of China Household (0692), now known as Shenzhou Space Park Group ltd.
HKICPA, 3-Feb-2021
Webb-site Total Returns suggest that investors should avoid any company that appoints Elite as auditor. This is the 5th fine for the firm in 6 years, the 2nd for Mr Chan and the 2nd for Mr Siu. This one relates to the 2013 audit of China Household (0692), now known as Shenzhou Space Park Group ltd.
HKICPA fines Elite Partners CPA Ltd (again) and William Chan Wai Nam and Jimmy Siu
HKICPA, 14-Jan-2020
This relates to the valuation of an option granted to China Finance Investment (0875) to require a third party to subscribe a convertible bond. We note that the option was valued at HK$215m in the 2015 accounts, or 64% of net tangible assets. It expired without being exercised and was written off in the next year's accounts. Chan, Siu and Elite are fined $35k, $20k and $50k. The audit fee for 2015 was $550k plus $350k for other services.
HKICPA, 14-Jan-2020
This relates to the valuation of an option granted to China Finance Investment (0875) to require a third party to subscribe a convertible bond. We note that the option was valued at HK$215m in the 2015 accounts, or 64% of net tangible assets. It expired without being exercised and was written off in the next year's accounts. Chan, Siu and Elite are fined $35k, $20k and $50k. The audit fee for 2015 was $550k plus $350k for other services.
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy