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270 COVID-19 cases recorded

The Centre for Health Protection today said it is investigating 270 additional COVID-19 cases, of which 116 were detected by nucleic acid tests and 154 were identified via rapid antigen tests.   Among the new cases, 31 are imported while the rest are locally infected.   Since the onset of the fifth wave of the epidemic, 1,199,227 people have contracted the virus. One more patient passed away, bringing the total number of deaths in the fifth wave to 9,163.   Moreover, the Hospital Authority announced that a staff member of Haven of Hope Hospital’s catering department tested positive through a rapid antigen test on Thursday. Contact tracing revealed that four more employees from the same department who had dined or stayed in the same accommodation as the patient had also caught COVID-19. These four staff and seven other staff who have been identified as close contacts will be quarantined.   As a precautionary measure, the hospital’s catering department has temporarily suspended o

Accounting body to add functions

Secretary for Financial Services & the Treasury Christopher Hui today welcomed the passage of the Financial Reporting Council (Amendment) Bill 2021 by the Legislative Council.   The amended ordinance, which expands the Financial Reporting Council (FRC)’s statutory functions, would enhance the regulatory regime of Hong Kong’s accounting profession, the Government noted.   Becoming a full-fledged independent regulatory body for the accounting profession, the FRC will, in the new name of Accounting & Financial Reporting Council under the new regime, perform more duties, including the issuance of practising certificates to certified public accountants, registration of accounting practice units and public interest entities auditors, and inspection, investigation and discipline work of the accounting profession. It will also oversee the Institute of Certified Public Accountants’ performance in its statutory professional functions.   Mr Hui said: “The amended ordinance brings Hong Kong’s regulatory regime of the accounting profession more in line with international developments and with increased coherence and efficiency, hence reinforcing our status as an international financial centre and business hub, and facilitating the long-term development of the profession.”   The Government will draw up the subsidiary legislation to provide for the transitional arrangements of the new regulatory regime, he added.   Meanwhile, the FRC will prepare guidelines and administrative documents in relation to its expanded powers, with the accounting profession and other stakeholders engaged in the process.   After the preparatory work has been completed, the Secretary for Financial Services & the Treasury will announce in the Gazette the amended ordinance’s commencement date.
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