David Sun Tak-kei, GBS, JP (, born 1953) was

Director of Audit The chief audit executive (CAE), director of audit, director of internal audit, auditor general, or controller general is a high-level independent corporate executive with overall responsibility for internal audit. Publicly traded corporations typ ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

, a " principal official" position, between 2012 and 2018, and was the president of the

Hong Kong Institute of Certified Public Accountants The Hong Kong Institute of Certified Public Accountants (HKICPA, ) is the professional accounting body of Hong Kong. Its main responsibilities are: *Registering accountants and issuing practising certificates. *Regulating the professional cond ...

between 2003 and 2007 (Hong Kong Society of Accountants before 8 September 2004).

Background

Sun began his career at

Ernst & Young Ernst & Young Global Limited, trade name EY, is a multinational professional services partnership headquartered in London, England. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and Pricewaterh ...

in 1977 after receiving his

Master of Accountancy The Master of Accountancy (MAcc, MAcy, or MAccy), alternatively Master of Science in Accounting (MSA or MSAcy) or Master of Professional Accountancy (MPAcy, MPAcc or MPAc), is a graduate professional degree designed to prepare students for public ...

degree from the

University of Illinois at Urbana-Champaign The University of Illinois Urbana-Champaign (U of I, Illinois, University of Illinois, or UIUC) is a public land-grant research university in Illinois in the twin cities of Champaign and Urbana. It is the flagship institution of the Univ ...

in 1977 and was the Far East Co-Area Managing Partner until his retirement in 2010. He was the partner in charge of the Akai Holdings account from 1991 to 1999. Sun was a member of

Securities and Futures Commission The Securities and Futures Commission (SFC) of Hong Kong is the independent statutory body charged with regulating the securities and futures markets in Hong Kong. The SFC is responsible for fostering an orderly securities and futures market ...

between 2001 and 2007. In 2003, he became the president of the

(HKICPA) and served until 2007. He was also a member of of the

City University of Hong Kong City University of Hong Kong (CityU) is a world-class public research university located in Kowloon Tong, Hong Kong. It was founded in 1984 as City Polytechnic of Hong Kong and became a fully accredited university in 1994. Currently, CityU is ...

from April to July 2012. Sun was later appointed as Director of Audit of Hong Kong in July 2012. He retired in December 2018.

Controversies

When

Akai Akai ( ja, 赤井, ) is a Hong Kong manufacturer of consumer electronics. It was founded as Akai Electric Company Ltd in Tokyo, Japan, in 1946. Grande Holdings in Hong Kong purchased the Akai brand, and now distributes various electronic produc ...

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

References

{{DEFAULTSORT:Sun, David Living people Government officials of Hong Kong 1953 births Recipients of the Gold Bauhinia Star Recipients of the Bronze Bauhinia Star