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About us
Our role and functions

The Financial Reporting Council (FRC) is an independent statutory body set up under the Financial Reporting Council Ordinance, which was enacted on 13 July 2006. The FRC was established on 1 December 2006. It became fully operational on 16 July 2007.

The role of the FRC
  • To conduct independent investigations into possible auditing and reporting irregularities in relation to listed entities
  • To enquire into possible non-compliance with accounting requirements on the part of listed entities

The FRC may initiate investigations or enquiries upon receipt of complaints or on its own initiative.

Any person who possesses information and/or evidence which suggest that there are or may be auditing and reporting irregularities or non-compliance with financial reporting requirements may lodge a complaint with the FRC.

Any auditing or reporting irregularities identified by the FRC will be referred to the Hong Kong Institute of Certified Public Accountants for follow-up action. Any non-compliances relevant to the Listing Rules will be referred to The Stock Exchange of Hong Kong Limited or the Securities and Futures Commission for follow-up action. The FRC is not empowered to discipline or prosecute.

Page last updated: 21 January 2016