Internal Control Review & Risk Advisory for HK Listed Companies
Safeguard compliance, resolve critical regulatory inquiries, and fortify governance under prevailing HKEx Appendix C1 standards with seasoned Big Four expertise.
HKEx Mandated Advisory
Proven track record in fulfilling specific HKEx requirements to resolve critical regulatory incidents & trading resumption conditions.
Big Four Accounting Heritage
Led by former Big Four senior audit and risk consulting professionals with deep Hong Kong market experience.
Appendix C1 Alignment
Full compliance with the updated HKEx Corporate Governance Code, Risk Management & Internal Control (RM & IC) mandates.
Capability in Complex & High-Stakes HKEx Cases
When listed companies face regulatory inquiries, internal investigations, or specific directives issued by the Hong Kong Stock Exchange (HKEx), speed, authority, and meticulous execution are essential.
Valtech Risk Consulting has a proven track record in completing high-stakes internal control advisory engagements directly designed to satisfy specific HKEx requirements. Our team regularly assists listed issuers in addressing complex incident reviews, internal control deficiencies, management oversight concerns, and trading resumption directives mandated by regulatory bodies.
Incident-Specific Risk Reviews
Targeted reviews addressing specific risk failures or board inquiries following regulatory alerts.
Resumption Condition Support
Independent internal control reviews tailored to meet HKEx resumption requirements for suspended issuers.
Navigating the Prevailing HKEx Corporate Governance Code (Appendix C1)
Regulatory oversight in Hong Kong is continuously tightening. The HKEx Listing Rules place significant emphasis on the accountability of directors regarding Risk Management and Internal Control (RM & IC) systems under the restructured Corporate Governance Code (Appendix C1 for Main Board Issuers and Appendix D1 for GEM Issuers).
Valtech Risk Consulting assists issuers in upholding the highest standards of corporate transparency and governance. Our systematic reviews ensure your board fulfills its mandatory responsibilities:
Conducting comprehensive annual reviews of the ongoing effectiveness of the issuer's RM & IC systems, covering all material controls including financial, operational, and compliance controls.
Evaluating changes in the nature and extent of significant risks since the previous review, and assessing the issuer’s ability to respond to changes in its business and external environment.
Assessing the adequacy of resources, staff qualifications, training programs, and budget allocated to the accounting, internal audit, and financial reporting functions.
Reviewing the procedures and internal controls for handling and dissemination of inside information to ensure compliance with the Securities and Futures Ordinance (SFO).
Comprehensive Internal Control & Advisory Solutions
Annual Internal Control Review
End-to-end testing of internal control policies, identification of operational gaps, and actionable recommendations aligned with COSO and HKEx standards.
- ✓COSO Framework Alignment
- ✓Board & Audit Committee Reporting
Transaction & Pre-IPO Advisory
Pre-acquisition internal control due diligence and Pre-IPO internal control reviews to ensure target companies meet listed company governance thresholds.
- ✓Pre-IPO IC Gap Analysis
- ✓Post-M&A Risk Integration
Corporate Governance & Reporting
Formalizing risk management systems, establishing Internal Audit function structures, and assisting in the preparation of compliant annual CG Report disclosures.
- ✓CG Report Drafting Support
- ✓IA Function Assessment
Valtech Corporate Governance & Risk Framework
Structured, multi-stage engagement workflow ensuring total regulatory compliance and executive peace of mind.
Risk Scoping
Identify key operational, financial, and compliance risk areas based on HKEx priorities and company scale.
Design Assessment
Evaluate the design adequacy of existing policies, manuals, and oversight procedures.
Sample Testing
Perform walkthroughs and sample testing to verify operational effectiveness of key controls.
Board Reporting
Deliver comprehensive findings, remediation action plans, and board-ready CG report disclosures.
Need Assistance with HKEx Compliance or Incident Reviews?
Consult our experienced team of Big Four alumni and listed company advisors to handle your internal control and risk governance matters with total confidence.