Rules restricting the location of working papers and data mean accounting firms will have to up their game to comply, experts say, while calling into question the role of Hong Kong and the ‘big four’ global accounting firms.
Clement Chan Kam-wing is chairman of the Hong Kong Consumer Council, Hong Kong’s statutory body for consumer protection. Apart from being a staunch advocate of consumer rights, he also serves on various public bodies, including the Independent Police Complaints Council and the Western Kowloon Cultural District Authority's Audit Committee. Professionally, he is managing director of a leading accounting firm.