Accounting chief supports reform

The first female president of Hong Kong's peak accountancy body backs reform plans to expand oversight of auditors of listed companies, but believes the industry group will continue to play an important regulatory role.

Susanna Chiu, who was elected last month to head the Hong Kong Institute of Certified Public Accountants, said she would work with the government and other parties on the reform plan.

"The reform is needed to allow Hong Kong to keep pace with the international practice," she said.

via Business feed http://www.scmp.com/business/banking-finance/article/1121571/accounting-chief-supports-reform