Grace Au Yang & Co. certified public accountants are registered under the Accounting and Financial Reporting Council Ordinance (Cap. 588). The Accounting and Financial Reporting Council (AFRC) is empowered to issue practising certificates to certified public accountants (CPAs) registered with the Hong Kong Institute of Certified Public Accountants (HKICPA). Only a CPA registered with the AFRC can hold an appointment or render a service as an auditor of a comapny under the Companies Ordinance (Cap 622) or accounts for the purposes of any other Ordinance.