Former co-partner of audit firm charged as ICAC probe reveals theft
2022-4-27
A former co-partner of a registered audit firm was yesterday (April 26) charged by the ICAC with stealing audit service payments totalling $100,000 from the company.
The ICAC investigation arose from a corruption complaint. Upon completion of the investigation, the ICAC sought legal advice from the Department of Justice, which advised charging the above co-partner.
Chung Chi-hang, 40, former director-cum-shareholder of Larry Brendon C.P.A. Limited (Larry Brendon C.P.A.), faces two counts of theft, contrary to Section 9 of the Theft Ordinance. He was released on ICAC bail, pending his appearance in the West Kowloon Magistrates’ Courts tomorrow (April 28) for plea.
At the material time, the defendant and a co-partner were both directors-cum-shareholders holding equal shares of Larry Brendon C.P.A. – an audit firm registered with the Hong Kong Institute of Certified Public Accountants. Both co-partners were practicing certified public accountants eligible for preparing and signing audit reports in the name of Larry Brendon C.P.A.
The charges allege that between February 23 and August 31, 2018, the defendant stole two sums totalling $100,000 belonging to Larry Brendon C.P.A.
It is alleged that the defendant had submitted audit reports in the name of Larry Brendon C.P.A. to a client, and embezzled all the relevant audit service payments.
Larry Brendon C.P.A. has rendered full assistance to the ICAC during its investigation into the case.
The ICAC investigation arose from a corruption complaint. Upon completion of the investigation, the ICAC sought legal advice from the Department of Justice, which advised charging the above co-partner.
Chung Chi-hang, 40, former director-cum-shareholder of Larry Brendon C.P.A. Limited (Larry Brendon C.P.A.), faces two counts of theft, contrary to Section 9 of the Theft Ordinance. He was released on ICAC bail, pending his appearance in the West Kowloon Magistrates’ Courts tomorrow (April 28) for plea.
At the material time, the defendant and a co-partner were both directors-cum-shareholders holding equal shares of Larry Brendon C.P.A. – an audit firm registered with the Hong Kong Institute of Certified Public Accountants. Both co-partners were practicing certified public accountants eligible for preparing and signing audit reports in the name of Larry Brendon C.P.A.
The charges allege that between February 23 and August 31, 2018, the defendant stole two sums totalling $100,000 belonging to Larry Brendon C.P.A.
It is alleged that the defendant had submitted audit reports in the name of Larry Brendon C.P.A. to a client, and embezzled all the relevant audit service payments.
Larry Brendon C.P.A. has rendered full assistance to the ICAC during its investigation into the case.