Hong Kong Financial Reporting Council: Special Focus on Audit Risk Management Capabilities of Virtual Asset-Related Enterprises

Foresight News reports, according to Hong Kong Wen Wei Po, that the Hong Kong Accounting and Financial Reporting Council has released the "2024-25 Inspection Report" and the "2024-25 Investigation Report." The proportion of audit projects rated as good or requiring limited improvement has risen from 26% last year to 35%, indicating an overall improvement in audit quality ratings. The Council stated that in 2025, emerging industry projects will be a key focus of inspections, with particular attention to the audit risk management capabilities of enterprises in sectors such as virtual asset trading.