Skip to Content Facebook Feature Image

Dr. David Sun Tak-kei Appointed Chairman of Accounting and Financial Reporting Council for 2025-2026 Term.

HK

Dr. David Sun Tak-kei Appointed Chairman of Accounting and Financial Reporting Council for 2025-2026 Term.
HK

HK

Dr. David Sun Tak-kei Appointed Chairman of Accounting and Financial Reporting Council for 2025-2026 Term.

2024-11-08 16:30 Last Updated At:16:38

Appointment of Chairman of AFRC

The Government announced today (November 8) that the Chief Executive (CE) has, pursuant to the Accounting and Financial Reporting Council Ordinance (Cap. 588), appointed Dr David Sun Tak-kei as the Chairman of the Accounting and Financial Reporting Council (AFRC) for a term of two years from January 1, 2025, to December 31, 2026.

Dr Sun was the Director of Audit between 2012 and 2018, prior to which he was President of the Hong Kong Institute of Certified Public Accountants (HKICPA) and Chairman of an international audit firm.

The Financial Secretary, Mr Paul Chan, said, "Dr Sun is an esteemed accounting veteran with abundant experience in, inter alia, public administration, the financial markets, and the audit profession. He is committed to public service and commands respect from the accounting sector. I look forward to the AFRC's continued efforts under the leadership of Dr Sun in regulating local financial reporting and driving the development of accounting profession, thereby contributing to the further development of the financial markets and corporate governance in Hong Kong."

On the retirement of Dr Kelvin Wong Tin-yau as the Chairman of the AFRC by the end of the year, Mr Chan added, "During his tenure as the AFRC Chairman, Dr Wong has made remarkable contributions, including leading the AFRC in the smooth implementation of the accounting and audit regulatory reforms, bringing our regulatory regime in line with international developments in an orderly manner. I would like to thank Dr Wong for his endeavours and contributions over the years."

Upon the commencement of the new regulatory regime of the accounting profession on October 1, 2022, the AFRC has become a full-fledged regulatory and oversight body of the accounting profession with expanded statutory functions of, inter alia, registration, inspection, investigation and discipline. It is also responsible for promoting and supporting the development of the accounting profession, as well as overseeing the HKICPA's performance of various statutory professional functions.

Next Article

Hongkong Post Resumes Postal Services to Multiple Destinations Starting January 24

2025-01-23 14:10 Last Updated At:14:18

Resumption of postal services to certain destinations

​Hongkong Post announced today (January 23) that, with the gradual scaling up of air freight capacity and the provision of transit assistance by other postal administrations, postal services to the following destinations will resume from January 24. Details are given below:

Service to resume

Destinations

Speedpost

Bahrain, Latvia, Mexico, Tunisia

Air letter and packet

Algeria, Angola, Azores, Bahrain, Barbados, Burkina Faso, Cameroon, Cape Verde, Côte d'Ivoire, El Salvador, Faröe Islands, French West Indies (Martinique), Gibraltar, Greenland, Guinea-Bissau, Haiti, Jamaica, Kazakhstan, Kosovo, Montenegro, Oman, Sao Tomé and Principe, Senegal, St. Christopher (St. Kitts) & Nevis, Tunisia, Venezuela (Bolivarian Rep.)

Air parcel

Algeria, Azores, Barbados, Brunei Darussalam, Burkina Faso, Cameroon, Côte d'Ivoire, El Salvador, French West Indies (Martinique), Gibraltar, Greenland, Jamaica, Kazakhstan, Montenegro, Norfolk Islands, Senegal, St. Christopher (St. Kitts) & Nevis

Surface letter and packet

Barbados, Côte d'Ivoire, Haiti, Jamaica, Montenegro, St. Christopher (St. Kitts) & Nevis, Venezuela (Bolivarian Rep.)

Surface parcel

Barbados, Côte d'Ivoire, Haiti, Jamaica, Venezuela (Bolivarian Rep.)

Additional conveyance time may be required for mail items destined for all of the above destinations except Azores, Kazakhstan, Norfolk Islands and Oman, as mail items to these destinations have to be transited via other postal administrations.

Members of the public may visit the webpage of Hongkong Post at www.hongkongpost.hk/en/about_us/whats_new/notices/index_id_1438.html on the service availability for various destinations.

Recommended Articles