Asia: HK’s changing letter

Author: | Published: 11 Jul 2011

Hong Kong Institute of Certified Public Accountants (HKICPA) this month released for private consultation the latest draft amendment to its standard form of comfort letter (HKSIR 400), together with the big four accounting firms.

If accepted, the suggested changes will see the HKSIR 400 make the long-anticipated move from a non-assurance to an assurance engagement.

But they will also require that the Hong Kong standard be used for both the Hong Kong and Reg S portion of global offering, and broaden the scope of the revised...