David Sun

David Sun Tak-kei, BBS, JP (Chinese: 孫德基, born 1953) is the current Director of Audit of Hong Kong. He was the president of Hong Kong Institute of Certified Public Accountants.^[1]

Background

Sun began his career at Ernst & Young in 1977 after receiving his Master of Accountancy degree. He was the partner in charge of the Akai Holdings account from 1991 to 1999.^[2] When Akai went bust in 2000, the liquidators accused E&Y of falsifying documents and tampering with audit documents between 1994 and 1998 to cover up the theft of over US$800m by Akai's chairman, James Ting.^[2] Ting was imprisoned for false accounting in 2005,^[2] and E&Y paid $200m to settle the negligence case out of court in September 2009.^[3] In a separate lawsuit a former EY partner, Cristopher Ho, made a "substantial payment" to Akai creditors in his role as chairman of the company that had bought Akai just before it went bust in 2000.^[4] By this time Sun was co-managing partner for E&Y China; in January 2010 E&Y settled another claim in relation to the bankrupt Moulin Global Eyecare, an audit client between 2002 and 2004^[3] whose accounts were described by the liquidator as a "morass of dodginess".^[3]

Sun was a member of Securities and Futures Commission between 2001 and 2007. In 2003, he became the president of Hong Kong Institute of Certified Public Accountants until 2007. He was also a member of chairman council of City University of Hong Kong from April to July 2012. Sun was later appointed as Director of Audit of Hong Kong in July 2012.^[5]

References