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Hong Kong Institute of Certified Public Accountants: to Focus on Audit Risk Management Capabilities in Virtual Asset Trading Companies

Summary: According to reports, the Hong Kong Institute of Certified Public Accountants released the '2024-25 Inspection Report' and '2024-25 Investigation Report', showing that the proportion of audit projects rated as good or requiring limited improvement increased from 26% last year to 35%, indicating an overall improvement in audit quality. The Institute stated that in 2025, it ...

According to reports, the Hong Kong Institute of Certified Public Accountants released the '2024-25 Inspection Report' and '2024-25 Investigation Report', showing that the proportion of audit projects rated as good or requiring limited improvement increased from 26% last year to 35%, indicating an overall improvement in audit quality. The Institute stated that in 2025, it will focus on emerging industry projects, particularly emphasizing audit risk management capabilities in areas such as virtual asset trading companies.

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