Hong Kong Experiences Shortage of Skilled Auditors Amid Emigration Wave

Thousands of HK children seek education in the UK

Eva Lau, Deputy Head, Inspection of the FRC (L), Kelvin Wong, Chairman and Non-Executive Director of the FRC (C), and Hester Leung, Head of Discipline of the FRC (R), at the press briefing on June 23, 2022. Yu Gang/The Epoch Times

Hong Kong is facing an exodus of educated workers on a scale not seen since the early 1990s, that is impacting the city’s many functions, including auditing services.

According to the Financial Reporting Council (FRC), Hong Kong’s audit regulator, the emigration of experienced staff has resulted in a shortage of qualified auditors in the city, seriously impacting its audit work.