Financial Secretary Paul Chan today welcomed the publication of the 12th annual report of the Process Review Panel for the Financial Reporting Council.

Mr Chan said the process review is an important institutional function designed to help enhance the council’s transparency and accountability in performing its statutory functions.

The panel selected and reviewed a number of tasks handled by the council in 2019, including cases of investigations and enquiries, applications for recognition of overseas public interest entities auditors and a complaint against a former staff member.

The panel concluded that the council had handled the cases and applications in accordance with its internal procedures.

Mr Chan noted that the panel conducted a comprehensive review on selected cases handled by the council, making useful observations and suggestions in its annual report which are conducive to the further improvement of the council’s work.

Click here for the report.