In 2023, there marked an 18% cut in the number of IPOs and a 54% decline in proceeds raised in Hong Kong. To recuperate from the downturn, continuous efforts have been made in the Hong Kong IPO market to boost the overall attractiveness of Hong Kong's capital market. The Hong Kong Exchange (HKEX) introduced Chapter 18C of the Main Board Listing Rules in 2023 to open up listing channels for specialized technology companies which will help connect specialist technology companies with international funds, bringing new opportunities to technology companies. The reforms to GEM Listing Rules were effective in January 2024, streamlining the transfer mechanism to further enable qualified GEM issuers to transfer to the Main Board. In addition, the HKEX launched of the Fast Interface for New Issuance (FINI) and Synapse platforms, as well as the cooperation with the Middle East and Association of Southeast Asian Nations (ASEAN), providing greater convenience and transparency for market participants. As a word, this will be a challenge year for the Hong Kong Capital Market.

This series aims at providing participants the updates on key aspects for listing. The webinars will cover recent update on the Hong Kong listing requirements and Mainland China regulatory developments on overseas listing, tax considerations for going public, internal control and cybersecurity readiness, corporate fraud and financial accounting scandals, cross border data transfer rules in China and the continuing obligations of a listed entity with the objective of enhancing participants' understanding of rules and regulations for listed or listing entities on HKEX, etc.

Entities Listing on HKEX Series – Corporate Fraud and Financial Accounting Scandals: A Forensic Perspective (ESEMEF276L01)

Recent waves of corporate fraud and financial accounting scandals have highlighted the vulnerabilities of listed companies to allegations of wrongdoing. These scandals often involve practices such as earnings management, asset misappropriation, and false accounting. Additionally, the exposure of potential or confirmed fraud cases through short seller attacks, regulatory investigations, auditor resignations, and internal tip-offs has become increasingly common.

In this environment, forensic accountants play a crucial role in assisting listed companies to promptly investigate allegations of fraud and implement corrective actions. This webinar will focus on corporate fraud and financial accounting scandals related to Hong Kong-listed companies. The speaker will discuss the various roles that forensic accountants can play in supporting these companies.

Topics include:

• Understanding the role of forensic accountants in fraud investigations and prevention
• Identifying common types of fraud allegations relevant to Hong Kong-listed companies
• Providing practical guidance on handling fraud allegations and implementing corrective measures
• Staying informed about recent enforcement trends and regulatory developments
• Analyzing case studies to learn from real-world examples of corporate fraud and its consequences

​​Notice

This course operates under a learning management system (LMS) designed to enhance the learning experience. The course will be available to LMS-registered users within 24 hours. (Note: first-time user will receive an activation email shortly from no-reply@lmsmailbox.hkicpa.org.hk containing instructions to activate an LMS account.) The viewing period for the course is 180 days.

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