For any listed company which has been suspended from trading on the SEHK, one of the resumption conditions for the listed company to resume trading of its shares on the SEHK is to demonstrate the company has an adequate and functioning risk management and internal control system that can fulfill the relevant requirements under the listing obligations. The board of directors are required to ascertain the adequacy and effectiveness of risk management and internal control system, in particular, in relation to issues of potential non-compliance or allegations against the Company.
How we can help:
Management of the Company and/or provisional liquidators appointed are required to submit a viable resumption proposal to the SEHK which includes, among others, an adequate risk management and internal control system is in place. The Company can engage us to strengthen the internal control system to a self-sustaining stage through our review, recommendations to improve the Company’s corporate governance, risk management, internal controls on financial reporting systems, through enhancement, we can give an opinion of whether the Company’s financial reporting procedures and internal control systems are adequate and sufficient to meet the obligations under the Listing Rules. We have extensive experience and proven track records in providing this service.
Our Risk Management Services
We have solid experience in offering our clients practical solutions regarding risk management and internal control issues. With the support from Crowe Global, which is ranked among the top 10 global accounting networks, we are able to provide comprehensive risk advisory and internal audit services through our extensive group of network firms.