David Sun Tak-kei

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

David Sun Tak-kei GBS, JP
孫德基
Director of Audit
In office 1 July 2012 – 31 December 2018
Preceded by	Benjamin Tang
Succeeded by	John Chu
Personal details
Born	David Sun Tak-kei 1953 (age 67–68)

Background

Sun began his career at Ernst & Young in 1977 after receiving his Master of Accountancy degree and is now the Far East Co-Area Managing Partner.[2] He was the partner in charge of the Akai Holdings account from 1991 to 1999.[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.[4]

Controversies

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.[5] Ting was imprisoned for false accounting in 2005,[5] and E&Y paid $200m to settle the negligence case out of court in September 2009.[6] 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.[7] 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[6] whose accounts were described by the liquidator as a "morass of dodginess".[6]

References

1. "Mr David Sun Tak-kei, BBS, JP, Director of Audit". Government of Hong Kong. July 2012. Retrieved 2 February 2013.
2. http://www.ey.com/gl/en/about-us/corporate-responsibility---ernst---youngs-people--making-corporate-responsibility-personal
3. https://www.ft.com/content/634b539a-a82b-11de-8305-00144feabdc0
4. "Sun, David Tak Kei". Webb-site.com. 2012. Retrieved 2 February 2013.
5. Rovnick, Naomi; Lo, Clifford (30 September 2009). "Raids, arrest as fraud police probe Akai files". South China Morning Post.
6. Rovnick, Naomi (27 January 2010). "Ernst & Young pays up to settle negligence claim". South China Morning Post.
7. Duce, John; Tan, Andrea (5 October 2009). "Akai Liquidator to Receive Payment in Settlement With Grande". Bloomberg.