The Hong Kong Institute of Certified Public Accountants (HKICPA) has signed a memorandum of understanding (MoU) with the Hong Kong International Academy Against Corruption (HKIAAC) to enhance ethical conduct in the accounting profession.

The new arrangement seeks to reinforce collaboration between HKICPA and the anti-corruption training institution, which was set up by the Independent Commission Against Corruption (ICAC).

The MoU was signed by HKICPA acting chief executive and registrar Elaine Chung and ICAC deputy commissioner and head of operations Ricky Yau.

HKICPA president Stephen Law and ICAC commissioner Danny Woo witnessed the signing.

Under the MoU, the HKICPA and HKIAAC will maintain continuous cooperation through institutional exchanges, reciprocal visits and the joint rollout of initiatives centred on ethics.

These efforts are intended to nurture a stronger culture of integrity, accountability and responsible practice among practitioners.

The agreement also envisages closer partnership on training activities. This includes arranging guest lectures and sharing approaches and experience in professional education.

Law said: “Ethics and integrity are the fundamental cornerstones of the accounting profession. In an evolving business landscape, the accounting profession plays a pivotal role in upholding the corporate governance and financial integrity.

“Our long-standing partnership with the ICAC is built on this shared commitment. This MoU is a proactive step to further reinforce our world-class ethical standards.

“By deepening our cooperation, we will empower our members with the specialised expertise to navigate emerging challenges, thereby strengthening public confidence in Hong Kong’s financial stability and reinforcing its status as a leading international financial centre.”

Last month, the HKICPA backed the Hong Kong Government’s 2026–27 Budget, describing its proposals as “concrete and pragmatic” in supporting economic transformation in Hong Kong.