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HKICPA v X & Y

HK Court of Appeal, 20-Oct-2017

From the facts in the judgment, this case is clearly about the 2010 audit of Prosperity (0803) and the accounting for its acquisition of Prosperity Minerals Holdings Ltd, so the auditors Y, are RSM Hong Kong, and its engagement partner X. They win their appeal because the HKICPA disciplinary panel found them guilty of a charge which had not been properly put to them.

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