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ur members have recently pointed out several instances of false advertising by firms claiming they can provide audit and other services at a discount rate |
when they are not qualified practising CPAs.
Under section 42 of the Professional Accountants Ordinance, a person commits a criminal offence if he or she, not being a member of the Hong Kong Institute of CPAs holding a practising certificate issued by the Institute, advertises or represents himself or herself as qualified to practise as a certified public accountant (practising).
Please send to the attention of the Chief Executive and Registrar, Ms. Winnie Cheung, any false advertising of this nature that you may encounter. The Institute intends to take tough action and will, with the help of members in collecting examples, report cases to the Commissioner of Police and the Consumer Council for action.
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