HONG KONG (BLOOMBERG) - The staid accounting profession is the latest to be rattled by the chaotic changes sweeping through Hong Kong. The government, via a blog post, this month proposed putting all accountants in the city under the supervision of its Financial Reporting Council, cutting out the self-regulating body that's held sway for almost five decades. It also moved to take licensing power away from the Hong Kong Institute of Certified Public Accountants, building on reforms from 2019 to tighten oversight and bring the city closer to international standards. But like with many recent changes, the proposal skips the formal public consultation process, adding to growing concerns over the rule of law and the waning influence of professional groups in the city after China imposed a security law last year. There's also worry about whether authorities will now have access to the finances of local parties and institutions critical of the government at a time when Beijing is cracking down on voices of dissent. "Changing the regulatory regime isn't a simple process," said Raymond Cheng, president of the accountant council, who only found out about the plan the morning it was revealed....