Statistics List
During the financial period from 1 Jul 2024 to 30 Sept 2024, the Practice Review Department (“PRD”) had finalised 3 first review reports. The outcomes of the first reviews are as follows:
The above statistics represent high-risk firms selected based on a risk-based approach and are NOT representative of the audit profession as a whole. The selection of firms assessed as higher risk would naturally result in the selection of firms that are more likely to have difficulties passing the Practice Review process.