Hong Kong auditor vows to step up scrutiny over expenses at government-backed bodies

Hong Kong auditor vows to step up scrutiny over expenses at government-backed bodies

Hong Kong’s Audit Commission has vowed to step up its scrutiny of expenses incurred by government-backed institutions and social welfare groups to stop staff from “seeking personal gain”, after finding an executive overspent on business travel. Nelson Lam Chi-yuen, director of the commission, on Sunday addressed its latest report which revealed the then CEO of…

Read More
Poor reclamation work in Hong Kong project caused HK$1 billion in extra costs: auditor

Poor reclamation work in Hong Kong project caused HK$1 billion in extra costs: auditor

Hong Kong’s Audit Commission has found “unsatisfactory” reclamation work led to HK$1 billion (US$128.5 million) in additional costs for the Tuen-Mun Chek Lap Kok link, a much-delayed HK$47 billion road project. The auditor released a report on the project on Wednesday, highlighting that poor quality work had been present from the beginning and had caused…

Read More