Accountants refute SFC documents lack fairness

As for the Hong Kong Codes on Takeovers and Mergers and Share Repurchases issued by the Securities and Futures Commission, accounting institutions put forward disproval over the contents. An accountant with KPMG said that the financing division and the accountant division should be independent in finance and operation, and no evidence can support the view that interest conflict may occur. It also pointed finger at the SFC that it lack fairness towards the financing subsidiaries under accountant offices.

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