In our interview this month, Professor Nelson Lam FCCA, director of audit of the Hong Kong government, talks about his commitment to report to all citizens. With 30 years’ experience in accounting and auditing, including founding his own practice, Lam explains why the work of the Audit Commission goes beyond the auditing of government accounts.
Continuing our series of articles on the recent ACCA Hong Kong tax conference, we look at a raft of tax measures being introduced to support businesses and develop green finance. And we consider what Hong Kong’s government is doing to keep up with global tax changes.
Columnist Chris Davis delves into two reports issued by the Hong Kong Accounting and Financial Reporting Council on audit fees. As the regulator calls for a stronger focus on setting fees and appointing auditors, concerns remain over whether driving down prices could compromise audit quality.
Meanwhile, financial consultant and author Mark Ma FCCA writes on his experiences of advising companies on doing business in China. He explains the three key predictors of corporate success in his column on what makes a good company.
In our careers section, we look at why some promotions don’t quite go to plan when staff taking on new, more senior positions slip back into their old, familiar roles. Our expert offers advice on how leaders can help people to expand their comfort zone so they can flourish in new roles.
Finally, our CPD technical feature this month is on the new sustainability standards that will be ready for implementation in 2024. We look at how companies can prepare for the upcoming standards, and the key principles of IFRS S1.
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