Roundtable Discussion on Audit Quality and Climate-integrated Audits in Hong Kong
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Roundtable Discussion on Audit Quality and Climate-integrated Audits in Hong Kong
The report summarises insights gathered from roundtable discussions with investors, members of audit committees, and auditors of listed companies. The discussions focused on audit quality in Hong Kong and the threat posed to it by stagnation of audit fees and by opportunistic changes of auditors. The discussions also covered current limitations of climate-integrated financial reporting and audit in Hong Kong and the need for independent assurance of sustainability reporting.
In response, the report puts forth a three-prong call to action for these stakeholders to foster better quality of financial reporting and audit.
