Hong Kong's sophisticated financial market is founded on a world-class accounting system; and one of the most critical elements of such a system is a reliable and professional financial reporting framework.  To address the city’s need for a premier financial reporting framework and to enhance regulation of its accounting profession, the Hong Kong SAR Government, with advice from the then Hong Kong Society of Accountants (now renamed Hong Kong Institute of Certified Public Accountants), established the Financial Reporting Council (“FRC”) in December 2006.

The FRC, empowered by the Financial Reporting Council Ordinance, has the sole and statutory responsibility of enhancing the integrity of financial reporting by means of investigation and enquiry, of listed entities in Hong Kong.  Our protection of Hong Kong’s accounting regulatory regime will further assure the city’s standing as a global financial hub, bolster overall corporate governance, and make our market even safer for investors.

The FRC is made up of experienced professionals and advisors from a wide range of backgrounds and industries. We have been tasked with a clear mission; to promote confidence in Hong Kong’s regulatory framework for the accounting profession. Together we will oversee the quality of financial reporting.

As one of the primary guardians of Hong Kong's financial market, the FRC vows to maintain independence, preserve transparency, uphold efficiency, and reinforce accountability.