Amy Yung wins ACCA's Achievement Award
ACCA President Christopher Forster
and Amy Yung
Amy Yung has won ACCA's achievement award for years of tireless service both to her community and to the accounting profession.
Professionally, alongside running a busy consultancy in Hong Kong, Amy devotes much of her time to serving the interest of ACCA students and members in the territory. She is currently a council member in HKICPA and acts as an accountant ambassador in the institute. She served as an active member of ACCA's executive committee, to which she has devoted considerable time.
On a personal basis she has, for the past five years, represented the interests of Hong Kong residents through her work on the Island District Council, where she uncovered a controversial issue involving planning developments on Discovery Bay, the part of Lantau Island, off Hong Kong, which she represents.
Amy wrote to Hong Kong 's Ombudsman to raise concerns. Undeterred when it found there was no maladministration, Amy then pursued the matter with the region's Director of Audit, whose office issued a critical report on the matter which forced the Hong Kong government to look at the issues surrounding the development.
Amy has consistently fought for, and raised awareness of the rights of small owners in Discovery Bay and Hong Kong through her ongoing correspondence with the Legislative Council Panel on Home Affairs. Chairing an owners' committee, she discovered that a property management company had charged substantial and inappropriate expenses, which she succeeded in having reimbursed to owners.
From Amy's experience in the committee, she has been able to act in an advisory capacity to the Legislative Council Panel on Home Affairs, which has been reviewing Hong Kong 's Building Management Ordinance. In 2005, a draft bill was issued that furthers the rights of owners and allows them to establish owners' committees as legal entities.
Amy has also raised concerns over community issues affecting residents of Discovery Bay. She has protested against the development of a casino and F3 racetrack on Lantau Island and has successfully thwarted attempts to build a large residential development in a conservation area in Discovery Bay. She recently raised concerns over the use of toxic chemicals in the nightly firework displays at Hong Kong Disneyland on Lantau.
Apart from her council work, Amy has also devoted considerable time to charity work, including a children's home, and has worked to enable women to play a greater role in business. In her community work role, she has actively supported environmental issues, and is a representative on the consultative committee of the Central Pier Reclamation project.
Amy, who has qualifications in company secretaryship and administration, computing studies and management for executive development, worked in KPMG. She set up and headed the Internal Audit Departments for listed companies, the Hong Kong Building and Loan Agency and the Shui On Group, and was Asia–Pacific Regional Financial Manager/Controller for Reuters and Dow Jones/Telerate. She has been a partner in her company, Amy Yung & Co since 1994.