Wong, Kenneth Wing Yan 黃永恩
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 Ronald Chan Chi Kei, Ricky Ho Yiu Hang & Asian Alliance (HK) CPA Ltd
HKICPA, 8-Aug-2019
For the duff audit work on Natural Dairy (NZ) (0462) 31-May-2011 annual accounts. The fine of HK$150k is only 21% of the audit fee.
HKICPA, 8-Aug-2019
For the duff audit work on Natural Dairy (NZ) (0462) 31-May-2011 annual accounts. The fine of HK$150k is only 21% of the audit fee.
HKICPA fines Andrew David Ross, Fok Wai Ming & Baker Tilly HK$450k over Code Agriculture (8153) audit
HKICPA, 2-Aug-2018
HKICPA, 2-Aug-2018
HKICPA fines Baker Tilly and Mr Au Yiu Kwan over 2006 Egana audit
| Our article, 26-Jul-2007
HKICPA, 27-Jun-2018
At last, 11 years after Webb-site blew the whistle on the Egana fraud in our article of 26-Jul-2007, Baker Tilly and its former director get a slap on the wrist and fines of HK$250k and HK$100k respectively for their duff audit. BT even tries to claim that it wasn't responsible for its directors' failings. The audit fee for that year alone was HK$1.47m, far more than the fines. Egana had a market value of HK$7.76bn (US$1bn) on the day of our article, all of which was lost in the collapse.
HKICPA, 27-Jun-2018
At last, 11 years after Webb-site blew the whistle on the Egana fraud in our article of 26-Jul-2007, Baker Tilly and its former director get a slap on the wrist and fines of HK$250k and HK$100k respectively for their duff audit. BT even tries to claim that it wasn't responsible for its directors' failings. The audit fee for that year alone was HK$1.47m, far more than the fines. Egana had a market value of HK$7.76bn (US$1bn) on the day of our article, all of which was lost in the collapse.
HKICPA fines Baker Tilly HK, Andrew David Ross & Fok Wai Ming
HKICPA, 12-Feb-2018
For failings in the 2008 and 2009 audit of Century Ginwa Retail (0162).
HKICPA, 12-Feb-2018
For failings in the 2008 and 2009 audit of Century Ginwa Retail (0162).
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