Hong Kong will introduce two new measures by March aimed at curbing unlicensed auditors and agents, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu announced. The crackdown targets “fake accountants,” including unlicensed auditors providing illegal services and intermediaries introducing projects to licensed practitioners. These practices often result in lower-quality audit reports at reduced prices. To strengthen oversight, authorities will amend auditing standards, requiring all auditors to disclose their practicing certificate number in audit reports. Additionally, Hong Kong-incorporated companies must include the auditor’s certificate number on profits tax return forms. The measures are part of efforts to improve audit quality and maintain regulatory integrity within the financial sector.