TechFlow news, July 30 — According to the Hong Kong Wen Wei Po, the Accounting and Financial Reporting Council (AFRC) released its "Inspection Report 2024-25" and "Investigation Report 2024-25," showing that the proportion of audit engagements rated as good or requiring limited improvements increased from 26% last year to 35%, indicating an overall improvement in audit quality. The AFRC stated that in 2025, it will prioritize emerging industry projects for inspection, with particular focus on audit risk management capabilities in areas such as virtual asset trading companies.
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