Nelson     Home   Who are we?   Training   SME Corner   In the Media   People   Contact Us		Auditing and Assurance in Hong Kong (2006) by Dr. Peter Lau and Mr. Nelson Lam      (Click to a larger image)   Auditing and Assurance in Hong Kong, 1st Edition Pilot Publishing Company Limited, 2006     Available in book stores, including Academic & Professional Book Centre and Hon Wing Book Company.     Order through ACCA - Hong Kong, Association of Women Accountants (HK) Ltd., CPA Australia - Hong Kong, or The Society of Chinese Accountants and Auditors can enjoy student member or member discount.      Brief Introduction With reference to the latest developments in the auditing standards, accounting standards and professional ethics guidance in Hong Kong in 2005 and 2006, Auditing and Assurance in Hong Kong is one of the first books to cover such latest regulatory developments in Hong Kong. Auditing and Assurance in Hong Kong is not only designed for the university students and the candidates preparing their professional accountancy examinations of HKICPA, ACCA, AIA, HKAAT and LCCI, but also served as a quick reference to the professional accountants and practitioners in Hong Kong.      Key areas The following topics are particularly addressed and updated to the current practice in Auditing and Assurance in Hong Kong: New Code of Ethics in Hong Kong effective in 2006 New quality control practice in Hong Kong, including: -   HKSQC 1 Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements - HKSA 220 Quality Control for Audits of Historical Financial Information New Hong Kong Standards on Auditing, including: - HKSA 230 Audit Documentation - HKSA 315 Understanding the entity and its environment and assessing the risks of material misstatement - HKSA 330 The auditor's procedures in response to assessed risks - HKSIR 400 Comfort letters and due diligence meetings on financial and non-financial information Updated procedures in the Practice Review Program in Hong Kong.   The relevant Hong Kong Financial Reporting Standards, Hong Kong Accounting Standards, Interpretations of HKFRSs, the Companies Ordinance and the Listing Rules. Contentious and problematic issues, including: - HKSA 540 Audit of Accounting Estimates - HKSA 545 Auditing Fair Value Measurements and Disclosures The audit of major accounting cycles, selected balance sheet items, and special audit situations and topics Issues in information technology and non-audit engagements      Authors   Dr. Peter Lau    B. COMM, MBA, CA, CMA, FCPA, ATIHK, Ph. D Dr. Lau is an Associate Professor and the Course Director for BBA (Hons) Degree in the Hong Kong Baptist University.  He also acts as an independent non-executive director and a member of the audit committee of a listed company.  With years of teaching, researching and practical experience, Dr. Lau incorporated them in his previous book, Hong Kong Auditing, which was one of the popular textbooks for the university students and a recommended text in various professional accounting examinations in Hong Kong.  All his practical and academic experience have been reflected and updated to Auditing and Assurance in Hong Kong.   Mr. Nelson Lam    BBA(Hons), MBA, MSc, ACA, ACIS, ACS, CFA, CPA(Aust.), CPA(US), FCCA, FCPA(Practising), MHKSI, MSCA Mr. Nelson Lam, CFA charterholder, Chartered Accountant and FCPA(Pactising), has extensive experience in providing financial reporting, assurance and advisory services to multinational and local companies. He has founded his professional firm in providing professional services to listed or private companies from different countries.  While Mr. Lam has served as an External Assessor in the examination papers of HKICPA’s CPA QP for a number of years, he is also a popular speaker and trainer for various professional accountancy and finance bodies, listed companies, universities and media.  Auditing and Assurance in Hong Kong incorporates his professional and academic experience and knowledge.
		Last modified: 24 Feb 2007. You are welcome to provide any comment, including but not limited to any errors, updated articles, updated links and advice, please feel free to send an email to Nelson and Company at info@nelsoncpa.com.hk.