Techwatch

Issue no. 111 (January 2012)

Here's the latest TechWatch, which updates you on technical developments in financial reporting, auditing, regulation and business. Please send your comments to <commentletters@hkicpa.org.hk>. Click here for the full PDF version and here for past issues.

Financial Reporting, Auditing and Ethics

New!

1.	New Technical Training and Support Programme
2.	Financial Reporting Forum – IASB Re-expose Revenue from Contracts with Customers
3.	Financial Reporting and Auditing Alert – Issue 16

Members' Handbook

4.	Handbook Updates No. 110 & No. 111

Financial Reporting

5.	FRSC Minutes
6.	Invitation to Comment on IASB ED of Transition Guidance (Proposed Amendments to IFRS 10)
7	Institute Comments on Consultation Documents

Audit & Assurance

8.	AASC Minutes

Ethics

9.	Ethics Committee Minutes
10.	Invitation to Comment on IFAC's IESBA ED on Proposed Changes to the Code of Ethics for Professional Accountants to Address Conflicts of Interest
11.	Ethics Circular 1

International Meetings

12.	IASB
13.	IFRS Interpretations Committee
14.	IAASB
15.	IESBA

Useful Resources

16.	Publications

Comment Due Dates

Specialist Practices, Business Members and Advocacy

Professional Accountants in Business

17.	HKEx Consults on Environmental, Social and Governance Reporting Guide
18.	Proposed Internal Control Guidance from IFAC PAIB Committee
19.	COSO Invites Comments on Updated Internal Control Framework

Corporate Finance

20.	Institute Submits Further Views on Bill on Disclosure of Price Sensitive Information
21.	HKEx Updates Policy on Regulatory Information Disclosure and Trading Arrangements
22.	HKEx to Start After-Hours Futures Trading in the Second Half of 2012
23.	HKEx to Introduce HSI Volatility Index Futures on 20 February 2012
24.	Rule Changes to Refine Evidential Requirements for Proving Professional Investor Status
25.	Streamlining of Property Valuation Requirements for Listing Applicants
26.	New International Valuation Standards

Taxation

27.	Inland Revenue (Amendment) (No. 3) Ordinance Gazetted
28.	Tax Due Date Extended for "M" Code (Current Year Loss Cases)
29.	IRD Reminds Stock Borrowers to File Returns

Legislation & Other Initiatives

30.	Government Consultation on the Qualifying Criteria to Prepare Simplified Financial and Directors' Reports
31.	Companies Registry Launches Registration of Agents and e-Monitor Services
32.	Latest Anti-Money Laundering Notices

Useful Resources

33.	Library Resources
34.	Other Publications

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TechWatch is prepared by the Hong Kong Institute of CPAs and is intended for general guidance only. Professional advice should be taken before applying the content of this publication to your particular circumstances. While the Institute endeavours to ensure that the information in this publication is correct, no responsibility for loss to any person acting or refraining from action as a result of using any such information can be accepted by the Institute.

Financial Reporting, Auditing and Ethics by Steve Ong (Editor), Ben Lo, Selene Ho, Winnie Chan, Katherine Leung	Specialist Practices, Business Members and Advocacy by Peter Tisman (Editor), Elena Chai, Mary Lam, Sharon Yeung