In July 2023, the Securities and Futures Commissions ("SFC") and the Accounting and Financial Reporting Council ("AFRC") issued the first joint statement highlighting common regulatory concerns regarding loans, advances and prepayments arrangements for listed issuers.
Listed companies are advised to consider the Statement as an official guideline and evaluate their internal controls and implement necessary enhancements to align with the recommended practices.
Read the summary of the Statement now
Meet Our People
VINCENT PANG
Managing Partner
AVISTA GROUP
vincent.pang@avaval.com
DEREK CHIM
Principal
RISK MANAGEMENT ADVISORY
derek.chim@avaval.com
Date: 01 Aug 2023 | Tags: Internal Control
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