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Forensic accountancy in Hong Kong: trends in a decade

Benny K B Kwok explores trends in the supply and demand of forensic accountancy in Hong Kong.

Shortly following my first book “Forensic Accountancy”, I wrote for ICAEW in 2003 sharing my thoughts of some driving forces behind forensic accountancy in Hong Kong. That paper was then adopted and reprinted by the Hong Kong Institute of Certified Public Accountants (HKICPA) and the Certified General Accountants Association during 2003–04. Eleven years on, many ideas discussed have become reality, while the landscape of the accounting profession as well as the legal and regulatory framework have undergone many changes. It now seems a good time to reflect on developments which will affect the years ahead.

Forensic accountancy refers to advice, analyses or opinions in the areas of accounting, auditing, business and finance to assist various stakeholders make the most of the financial aspects of litigation, dispute resolution and fraud investigation (1). Its demand and supply are therefore dependent on matters relating to accountants, auditors, businesses, the dispute resolution regime, and the legal and financial reporting framework.