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Hong Kong’s regulators turn their scrutiny to Convoy’s financial statements and auditor in their crackdown of Enigma Network

The Financial Reporting Council (FRC), Hong Kong’s top accounting regulator, said it has begun an investigation into the financial statements of Convoy Global Holdings, and singled out its auditor for failing to raise the red flag on the financial advisory firm’s state of accounts.Convoy, which released its results for 2017 through 2019 on February 18 to fulfil its obligation to resume trading on the Hong Kong stock exchange, should have its accounts put under scrutiny “without delay” because…The Financial Reporting Council (FRC), Hong Kong’s top accounting regulator, said it has begun an investigation into the financial statements of Convoy Global Holdings, and singled out its auditor for failing to raise the red flag on the financial advisory firm’s state of accounts.Convoy, which released its results for 2017 through 2019 on February 18 to fulfil its obligation to resume trading on the Hong Kong stock exchange, should have its accounts put under scrutiny “without delay” because…Read MoreSouth China Morning Post