Hong Kong Regulations

COMPANIES (REVISION OF ACCOUNTS AND REPORTS) REGULATION - SECT 11

Supplementary provisions for audit report on revised accounts

(1) Section 133(1) of the Ordinance applies to a person making an audit report
on any revised accounts of a company, as it applies to the auditors of the
company, so that a duty towards the auditors imposed on a person by that
section is also imposed on that person towards the person making an
audit report on the revised accounts.

(2) If a subsidiary or holding company, as mentioned in section 133 of the
Ordinance, fails to comply with subsection (1) of that section as having
effect under this Part, the subsidiary or holding company, and every officer
of it who is in default, commit an offence, and each is liable to a fine at
level 3.

(3) If an auditor of a subsidiary, as mentioned in section 133 of the
Ordinance, fails without reasonable excuse to comply with subsection

(1)(a) of that section as having effect under this Part, the auditor commits
an offence and is liable to a fine at level 3.

(4) An officer of a company shall not knowingly or recklessly make to a person
making an audit report a relevant statement that is misleading, false or
deceptive in a material particular.

(5) If an officer of a company contravenes subsection (4), he commits an
offence and is liable—

   (a)  on conviction on indictment to imprisonment for 2 years and a fine of
        $150000; or

   (b)  on summary conviction to imprisonment for 6 months and a fine at level
        5.

(6) In this section, "relevant statement" (相關陳述), in relation to a
person making an audit report, means an oral or written statement that
conveys, or purports to convey, any information or explanation that the person
requires, or is entitled to require, as a person making an audit  report.

"relevant statement" (相關陳述)