AFRC and Securities Commission Malaysia Sign Audit Cooperation Agreement
The Accounting and Financial Reporting Council (AFRC) in Hong Kong has signed a memorandum of understanding (MoU) with the Securities Commission Malaysia to enhance audit oversight cooperation. The agreement facilitates information exchange, mutual assistance, and collaboration on enforcement actions, inspections, investigations, auditor registration, and surveillance activities. This partnership aims to strengthen regulatory coordination between the two jurisdictions, improve financial reporting standards, and reinforce investor confidence in capital markets. AFRC Chairman David Sun emphasized that this MoU supports shared priorities of market integrity and healthy development across both regions. SC Malaysia chairman Dato' Mohammad Faiz Azmi highlighted its alignment with Malaysia's Capital Market Masterplan 2026–2030 to boost regional connectivity. The signing was attended by key officials from Hong Kong’s HKSAR Government Treasury Financial Services Secretary Christopher Hui and SC Malaysia leadership.
Topics: audit compliance cross-border regulation financial reporting