Move part of the first batch of cases from Accounting and Financial Reporting Council, with aid from mainland Ministry of Finance
Hong Kong's audit regulator imposed a combined HK$1.9 million (US$245,000) fine on Deloitte Touche Tohmatsu and two of its partners for multiple audit deficiencies related to two former listed companies from 2011 to 2013, the authority said on Thursday.
“The successful completion of these disciplinary cases attests to the effectiveness of the memorandum of understanding signed between the MOF and AFRC in 2019 in strengthening public trust in financial reporting and investor confidence,” said council CEO Janey Lai Chui-pik in a statement.
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