CCIF CPA LIMITED 陳葉馮會計師事務所有限公司
HKICPA fines Charles Chan Wai Dune, Delores Teh Eng Hua, Yau Hok Hung & CCIF CPA Ltd
HKICPA, 5-May-2022
For bad audit work on the 2005-2007 accounts of First Natural Foods (1076), now reborn as Imperial Pacific International Holdings Ltd. The main subsidiary of the Fujianese eel producer turned out to have 2 sets of accounts and there were forged sales. Ever alert, It took 7 years until the Financial Reporting Council received a complaint "from a regulator" (probably SFC) and another 3.5 years until they issued a report and sent it to the HKICPA in Nov-2018. We note that Mr Chan and his firm were previously fined by HKICPA in 2010 in a separate case.
HKICPA, 5-May-2022
For bad audit work on the 2005-2007 accounts of First Natural Foods (1076), now reborn as Imperial Pacific International Holdings Ltd. The main subsidiary of the Fujianese eel producer turned out to have 2 sets of accounts and there were forged sales. Ever alert, It took 7 years until the Financial Reporting Council received a complaint "from a regulator" (probably SFC) and another 3.5 years until they issued a report and sent it to the HKICPA in Nov-2018. We note that Mr Chan and his firm were previously fined by HKICPA in 2010 in a separate case.
HKICPA fines CCIF CPA Ltd HK$30k, Betty Tse Po Chu & Lawrence Leung Man Chiu HK$10k each
HKICPA, 5-Jun-2017
Again, HKICPA fails to say which listed company is involved. We can tell you: the only HK-listed client of CCIF with a Jun-2011 year-end and a disclaimer of opinion in the audit report was China Agrotech (1073). Mr Leung, the engagement quality control reviewer, actually works for a different firm, Tang & Fok. The case was referred by the Financial Reporting Council.
HKICPA, 5-Jun-2017
Again, HKICPA fails to say which listed company is involved. We can tell you: the only HK-listed client of CCIF with a Jun-2011 year-end and a disclaimer of opinion in the audit report was China Agrotech (1073). Mr Leung, the engagement quality control reviewer, actually works for a different firm, Tang & Fok. The case was referred by the Financial Reporting Council.
Topping Chance Development Ltd v CCIF CPA Ltd
HK Court of First Instance, 27-Feb-2015
Concerning the past audits of First Natural Foods Holdings Ltd, now known as Imperial Pacific International Holdings Ltd (1076). CCIF is injuncted not to destroy any more documents, pending trial of the action against it.
HK Court of First Instance, 27-Feb-2015
Concerning the past audits of First Natural Foods Holdings Ltd, now known as Imperial Pacific International Holdings Ltd (1076). CCIF is injuncted not to destroy any more documents, pending trial of the action against it.
Audit Investigation Board report on 2007 audit of MelcoLot (8198) by CCIF CPA Ltd
Accounting & Financial Reporting Council, 17-Aug-2010
The report censors the names, but it is obvious who they are.
Accounting & Financial Reporting Council, 17-Aug-2010
The report censors the names, but it is obvious who they are.
HKICPA reprimands and fines Charles Chan Wai Dune and CCIF C.P.A. Ltd
HKICPA, 15-Mar-2010
This relates to a listed company which had a year-end of 31-Jul-04. Our database contains the client list, and we deduce that the company was UDL Holdings Ltd (0620), which transferred a revaluation surplus of HK$23m to income on disposal of floating craft and vessels in that year. CCIF continues to audit UDL.
HKICPA, 15-Mar-2010
This relates to a listed company which had a year-end of 31-Jul-04. Our database contains the client list, and we deduce that the company was UDL Holdings Ltd (0620), which transferred a revaluation surplus of HK$23m to income on disposal of floating craft and vessels in that year. CCIF continues to audit UDL.
Your auditor in Mongolia
Mongolia Energy announces a change of auditors, and a HK firm reaches the parts that PricewaterhouseCoopers cannot reach. (30-Nov-2007)
Mongolia Energy announces a change of auditors, and a HK firm reaches the parts that PricewaterhouseCoopers cannot reach. (30-Nov-2007)
China Treasure's Love for Yanion
Yesterday we told you how Yanion had blown over $400m on a series of questionable acquisitions from "independent third parties". Now we'll show you how China Treasure Greater China Investments, floated last year and with no disclosed links to Yanion, has thrown 58% of its net assets into shares of Yanion and two of its subsidiaries, without any announcements or shareholder approvals. (24-Jun-2003)
Yesterday we told you how Yanion had blown over $400m on a series of questionable acquisitions from "independent third parties". Now we'll show you how China Treasure Greater China Investments, floated last year and with no disclosed links to Yanion, has thrown 58% of its net assets into shares of Yanion and two of its subsidiaries, without any announcements or shareholder approvals. (24-Jun-2003)
Yanion's Rotten Onion
In the first of two stories, we peel away the layers of the onion that is Yanion, and we don't like what we find. You will see a series of questionable acquisitions at exorbitant prices, at least two of them involving the same "independent third party", followed by legal disputes, a disclaimed audit opinion, replacement of auditors, and massive write-offs. (23-Jun-2003)
In the first of two stories, we peel away the layers of the onion that is Yanion, and we don't like what we find. You will see a series of questionable acquisitions at exorbitant prices, at least two of them involving the same "independent third party", followed by legal disputes, a disclaimed audit opinion, replacement of auditors, and massive write-offs. (23-Jun-2003)
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy