Moore Hong Kong Clarifies Independence from Administrative Penalty Imposed on Fellow Member Firm in mainland China

Moore Hong Kong, a leading member firm of Moore Global accounting and consulting network, wishes to address recent news regarding an administrative penalty imposed on our fellow member firm, Da Hua Certified Public Accountants (Special General Partnership) (大華會計師事務所(特殊普通合伙)), by the Jiangsu branch of the China Securities Regulatory Commission (CSRC).
 
We would like to assure our valued clients and stakeholders that this event will have no impact on the operations and integrity of Moore Hong Kong. As part of the Moore Global network, each member firm operates autonomously in terms of management, financial, legal, and jurisdictional matters.
  
Moore Hong Kong firmly adheres to the regulations and guidelines set forth by the local authorities, including the Accounting and Financial Reporting Council (AFRC) and the Hong Kong Institute of Certified Public Accountants (HKICPA). We have not faced any penalties or disciplinary actions from the Hong Kong authorities.
 
The administrative penalty imposed on Da Hua Certified Public Accountants (Special General Partnership) is an isolated incident specific to their operations in mainland China, and it should be noted that their situation does not reflect the practices or standards upheld by Moore Hong Kong.
 
We remain committed to providing exceptional professional services and maintaining the highest standards of integrity, independence, and client confidentiality. Our clients can continue to rely on our expertise and dedication for all their accounting, auditing, taxation, and advisory needs.