AFRC

The Accounting and Financial Reporting Council (AFRC) of Hong Kong is the statutory body charged with regulating the accounting profession in Hong Kong. It oversees the performance of the Hong Kong Institute of Certified Public Accountants (HKICPA) with regards to its statutory functions towards accountancy in Hong Kong. Other duties include initiating enquiries into possible non-compliance with accounting requirements and conducting investigations into auditing misconduct. the AFRC is a regulator run independently of the Government of Hong Kong.