Removal of Requirement For A Qualified Accountant in The Listing Rules of Hong Kong
In November 2008, the Stock Exchange of Hong Kong Limited has removed the requirement for a qualified accountant from the Listing Rules but expanded the Code Provisions in the Code on Corporate Governance Practices regarding internal controls to make specific references to the responsibility of the directors to conduct an annual review of the adequacy of staffing of the financial reporting function and the oversight role of the audit committee.
Read more about this topic: Accountancy In Hong Kong
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