Siu, Edmund Chun Man 蕭俊文
HKICPA fines Edmund Siu Chun Man, of Elite Partners CPA Ltd, HK$120k plus HK$150k costs
HKICPA, 21-Dec-2021
For bad audit work on the 2018 accounts of an unnamed HK-listed entity. This is Mr Siu's 3rd fine in 2021 alone, and his 4th since 2017.
HKICPA, 21-Dec-2021
For bad audit work on the 2018 accounts of an unnamed HK-listed entity. This is Mr Siu's 3rd fine in 2021 alone, and his 4th since 2017.
HKICPA fines Edmund Siu, Yip Kai Yin & Elite Partners CPA Ltd HK$50k each, plus costs of HK$290k
HKICPA, 20-May-2021
For bad work on the 2014 audit of China National Culture (0745) relating to goodwill impairment testing on the 2012 acquisition of Huge Leader Development Ltd, which we wrote about in our "Raking Muck" series of articles in 2012. In the 2014 accounts, the management's cashflow projections were valued by International Valuation Ltd. Elite has now been fined 6 times since 2015, Mr Yip 4 times since 2013 and Mr Siu 3 times since 2017.
HKICPA, 20-May-2021
For bad work on the 2014 audit of China National Culture (0745) relating to goodwill impairment testing on the 2012 acquisition of Huge Leader Development Ltd, which we wrote about in our "Raking Muck" series of articles in 2012. In the 2014 accounts, the management's cashflow projections were valued by International Valuation Ltd. Elite has now been fined 6 times since 2015, Mr Yip 4 times since 2013 and Mr Siu 3 times since 2017.
HKICPA fines Elite Partners CPA Ltd, William Chan Wai Nam & Edmund Siu HK$250k
| Elite client total returns
HKICPA, 3-Feb-2021
Webb-site Total Returns suggest that investors should avoid any company that appoints Elite as auditor. This is the 5th fine for the firm in 6 years, the 2nd for Mr Chan and the 2nd for Mr Siu. This one relates to the 2013 audit of China Household (0692), now known as Shenzhou Space Park Group ltd.
HKICPA, 3-Feb-2021
Webb-site Total Returns suggest that investors should avoid any company that appoints Elite as auditor. This is the 5th fine for the firm in 6 years, the 2nd for Mr Chan and the 2nd for Mr Siu. This one relates to the 2013 audit of China Household (0692), now known as Shenzhou Space Park Group ltd.
HKICPA fines Yip Kai Yin, Edmund Siu & Elite Partners CPA Ltd
HKICPA, 15-Aug-2017
For bad audit work. HKICPA fails to name the listed company, but we deduce that it is Chaoda Modern Agriculture (0682). Mr Yip was previously fined in 2013. Elite Partners CPA Ltd was fined in 2015 for bad work on another listed company.
HKICPA, 15-Aug-2017
For bad audit work. HKICPA fails to name the listed company, but we deduce that it is Chaoda Modern Agriculture (0682). Mr Yip was previously fined in 2013. Elite Partners CPA Ltd was fined in 2015 for bad work on another listed company.
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