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22 February 2017The latest TechWatch Issue No. 172 is published.
13 February 2017Workshops for Listing of An Entity on The Hong Kong Stock Exchange (April to June 2017)
11 February 2017Workshop on The new Auditor's report - Effective implementation of the new and revised Auditor Reporting standards (11 March 2017)
6 February 2017Revised Ethics Circular 1 - Guidance for Small and Medium Practitioners on the Code of Ethics for Professional Accountants
1 February 2017

Invitation to Comment on IFAC's IESBA Exposure Drafts in relation to the Structure of the Code Project

27 January 2017The latest TechWatch Issue No. 171 is published.
24 January 2017Members' handbook update no. 196 relates to the Amendments to HKASs 1, 17, 23, 36, 38, 40 and 41
24 January 2017Access Illustrative Financial Reports and Disclosure Checklists
18 January 2017Audit Practice Manual (2016 edition) Application Workshop in February and March
17 January 2017Members' handbook update no. 195 relates to the issuance of Amendments to HKFRS 4 Insurance Contracts
17 January 2017

Invitation to Comment on IASB Exposure Draft ED/2017/1 Annual Improvements to IFRSs 2015-2017 Cycle

1 March 2017The Institute will hold ICAC Workshop on Ethical Decision Making on 1 March 2017
10 January 2017Members' handbook update no. 194  contains HKFRS 14, Amendments to HKASs 16, 27, 28, 38, 41 and HKFRSs 10 and 12
4 January 2017The latest TechWatch Issue No. 170 is published.
29 December 2016

Members' handbook update no.193 contains amendments in relation to HKAS 1, HKFRS 11 and Annual Improvements projects and HKSIRs 200 and 400

29 December 2016Audit Practice Manual 2016 edition - now availble for sale
20 December 2016

The minutes for FRSC meeting and AASC meeting held on 18 October 2016 and 15 November 2016 cover the following key items:

 

FRSC:

  • IASB ED/2016/1 Definition of a Business and Accounting for Previously Held Interests
  • IVSC EDs
  • Insurance Contracts
  • Report on recent standard-setting meetings

AASC:

  • Update on proposed FAQ on application of HKSA 701 Communicating Key Audit Matters in the Independent Auditor's Report
  • Illustrative Auditor's Report for Audits of Exchange Traded Funds and Real Estate Investment Funds
  • Upcoming Revision to Practice Notes
19 December 2016The Institute wrote to the IASB Chairman to seek clarification on two key areas relating to the IASB's recent tentative decisions on the forthcoming insurance contracts standard
16 December 2016

Members' handbook update no.192 relates to the issuance of Responding to Non-Compliance with Laws and regulations

12 December 2016

The Institute issued Financial Reporting and Auditing Alert: Are you ready for the next wave of change in accounting standards?

1 December 2016

The Institute issued Invitation to Comment on IAASB DP Exploring the Demand for Agreed-Upon Procedures Engagement and Other Services, and the Implications for the IAASB's International Standards

 

25 November 2016

The Institute issued Invitation to Comment on ED of Revised Accounting Bulletin 3 Guidance on Disclosure of Directors' Remuneration

25 November 2016

Members' handbook update no. 191 contains amendments in relation to the IASB Annual Improvements projects and other narrow-scope amendments

25 November 2016The latest TechWatch Issue No. 169 is published.
22 November 2016

The Institute comments on IASB ED/2016/1 Definition of a Business and Accounting for PReviously Held Interests (Proposed Amendments to IFRS 3 and IFRS 11)

22 November 2016

The Institute will hold A Refresher Course on Current Auditing Standards in February 2017

21 November 2016

Illustrative auditor's report on financial statemetns of a listed Exchange Traded Fund/Real Estate Investment Trust

1 November 2016

Members' handbook update no. 190 contains PRactice Notes for the changes resulting from new and revised Auditor Reporting Standards

 

31 October 2016

The minutes for FRSC meeting held on 12 July 2016 covers the following key items:

 

  • Common Control Combinations
  • IVSC EDs
  • IASB ED/2016/1 Definition of a Business and Accounting for Previously Held Interests
  • China Convergence project
25 October 2016The latest TechWatch Issue No. 168 is published.
20 October 2016

The Institute issued the followings:

 

  • FAQ in relation to revised auditors' reports
  • Circular on Reporting on the Audit of Schools (revised Oct 2016)
  • Circular on Reporting to Grantees of the Quality Education Fund (revised Oct 2016)
  • Circular on Reporting to Grantees of the Language Fund (revised Oct 2016)
  • Q & As on Audit of Financial Statements of Owners' Corporations of Buildings - Audit Issues (revised Oct 2016)
13 October 2016

The Institute will hold the following seminars in November & December:

 

12 October 2016

The Standard Bank Confirmation Request form for use in the PRC for audits conducted in accordance with HKSAs are available

4 October 2016Handbook Update No. 189 contains updated Statement 1.102 Corporate Practices (Registration) Rules and Statement 1.103 (Professional indemnity) Rules
3 October 2016

The Institute issued the following Invitations to Comment:

 

23 September 2016The latest TechWatch Issue No. 167 is published.
23 September 2016

The Institute will hold the following workshops in October & November:

 

5 September 2016

The Institute published the following:

 

19 August 2016The latest TechWatch Issue No. 166 is published.
19 August 2016Members' Handbook Update No 188 contains revised HKSAs and Practice Notes in relation to the amendments on auditors reporting
16 August 2016

Members' Handbook Update No 187 contains Classification and Measurement of Share-based Payment Transactions (Amendments to HKFRS 2 Share-based Payment)

5 August 2016

The Institute issued HKICPA Request for Information: Post-implementation Review of Accounting Guideline 5 Merger Accounting for Common Control Combinations

4 August 2016The Institute commented on IVSC EDs on IVS 104 Bases of Value, IVS 105 Valuation Approaches and Methods and IVS 210 Intangible Assets
20 July 2016The latest TechWatch Issue No. 165 is published.
18 July 2016

The Institute launched a webcast on revised Auditor's Report

30 June 2016

The Institute issued the following Invitations to Comments:

 

29 June 2016

Members Handbook Update No 186 contains Amendments to HKAS 7 Statement of Cash Flows and HKAS 12 Income Taxes

21 June 2016Handbook Update 185 contains Clarifications to HKFRS 15 Revenue from Contracts
with Customers.
21 June 2016The Institute will hold TUE on Practical application issues on the new HKFRSs and the Companies Ordinance on 26 July.
10 June 2016The latest TechWatch Issue No. 164 is published.
6 June 2016The Institute issued Update on Standard Convergence
24 May 2016

The Institute issued the following for New Leases standard:

 

18 May 2016

The minutes for FRSC meeting held on 22 March 2016 covers the following key items:

 

  • SSD's proposed project plans;
  • Accounting treatment in practice on the classification of convertible bonds denominated in foreign currency;
  • Update on recent developments in the IASB projects; and
  • Update on SSD's activities on Business Combinations Under Common Control.

 

18 May 2016

The Institute commented on:

 

  • IAASB Invitation to Comment on Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits; and
  • IESBA ED on Limited re-exposure of Proposed Changes to the Code Addressing the Long Association of Personnel with an Audit Client.
9 May 2016The latest TechWatch Issue No. 163 is published.
27 April 2016The Institute will hold a series of workshops on IPO - Listing on the Hong Kong Stock Exchange
26 April 2016

The minutes for AASC meeting held on 17 February 2016 covers the following key items:

 

  • Update on proposed changes to pronouncements arising from HKSAE 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information;
  • Update on the definition of 'Listed Entity'; and
  • Update from Hong Kong Trustees' Association on Employer Account Balance.
26 April 2016The Institute commented IESBA ED on Improving the Structure of the Code of Ethics for Professional Accountants - Phase 1
18 April 2016

The Institute will hold the following seminars in May to June:

 

 

8 April 2016

Handbook Update No. 183 contains revised PN 830 Reports by the Auditor under the Banking Ordinance

8 April 2016The latest TechWatch Issue No. 162 is published.
29 March 2016The Institute comments on International Ethics Standard Board for Accountants Exposure Draft on Proposed Revisions Pertaining to Safeguards in the Code – Phase 1
11 March 2016

Handbook Update No. 182 contains PN 820 (Revised) The Audit of Licensed Corporations and Associated Entities of Intermediaries

10 March 2016

The Institute will hold the following workshops and TUE in April to June:

 

9 March 2016The latest TechWatch Issue No. 161 is published.
2 March 2016The Institute comments on IASB ED/2015/8 IFRS Practice Statement: Application of Materiality to Financial Statements
29 February 2016Handbook Update No. 181 contains revision to PN 810.1 and PN 810.2
25 February 2016The Institute comments on IASB ED/2015/10 Annual Improvements to IFRS 2014-2016 Cycle
22 February 2016

The minutes for FRSC meeting held on 15 December 2015 covers the following key items:

 

  • Draft submission on IASB Request for Views 2015 Agenda Consultation;
  • High level comments on IASB Draft IFRIC Interpretations; and
  • IASB EDs.
22 February 2016

The minutes for AASC meeting held on 15 December 2015 covers the following key items:

 

  • IAASB's Work Plan;
  • Changes to pronouncements arising from HKSAE 3000 (Revised) Assurance Engagements Other than Audits or Reviews of Historical Financial Information; and
  • Update on the definition of 'lListed Entity'.
22 February 2016

The Institute will hold the following workshops in March to June:

 

17 February 2016The Institute issued Invitation to Comment on IFAC's IESBA ED Limited Re-exposure of Proposed Changes to the Code Addressing the Long Association of Personnel with an Audit Client and requested for comments on 8 April 2016
16 February 2016The Institute comments on IASB ED/2015/11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts
12 February 2016The latest TechWatch Issue No. 160 is published.
4 February 2016

The Institute will hold the following TUE and seminars:

 

  • Seminar on AATB 1 - Assistance Options to New applicants and Sponsors in connection with Due Diligence Obligations, including Internal Controls over Financial Reporting;
  • TUE - Common questions by SMPs when applying Code of Ethics for Professional Accountants; and
  • Lunch Seminar: Introducing IFRS 16 Leases.
29 January 2016Handbook Update No. 180 contains revised HKSAs as a result of the Disclosure project (Addressing Disclosures in the Audit of Financial Statements).
22 January 2016The Institute will hold ICAC Workshop on Ethical Decision Making on 11 March 2016
13 January 2016The latest TechWatch Issue No. 159 is published
13 January 2016

The Institute will hold the following TUE in March:

 

  • Overview of new and revised HKFRS for 2015
  • HKFRS for Private Entities and the 2015 amendments
  • The SME-FRF & SME-FRS (Revised 2014)
7 January 2016

The minutes for Ethics Committee meeting held on 26 June 2015 covers the following key items:

 

  • Report on IESBA National Stnadard Setters Meeting held on 6 May 2015
  • Observations of the Committee Deputy Chairman on his attendance at the June 2015 Meeting of the IFAC SMP Committee
  • IESBA ED on Responding to Non-Compliance with Laws and Regulations
  • The Revision to the Code in relation to the IESBA pronouncement on Changes to the Code Addressing Certain Non-Assurance Services Provisions for Audit and Assurance Clients
6 January 2016

The Institute issued:

 

6 January 2016Handbook Update No. 179 contains Effective Date of Amendments to HKFRS 10 and HKAS 28
6 January 2016The Institute commented on IASB Request for Views 2015 Agenda Consultation
6 January 2016

The Institute issued the following Invitations to Comment:

 

5 January 2016The Institute issued Legislative Council Election Financial Assistance Scheme - Notes for Candidate and Independent Auditor of Candidate of Legislative Council Election
4 January 2016

The Institute commented on the following Draft IFRIC Interpretations:

 

  • DI/2015/1 Uncertainty over Income Tax Treatments
  • DI/2015/2 Foreign Currency Transactions and Advance Consideration
22 December 2015The Institute issued Invitation to Comment on IAASB's Invitation to Comment on Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Controls and Group Audits and requested for comments to the Institute by 16 April 2016
18 December 2015Handbook Update No. 178 contains first batch of revised pronouncements relevant to HKSAE 3000 (Revised) Assurance Engagements Other than Audits or Reviews of Historical Financial Information, which came into effect on 15 December 2015
16 December 2015Handbook Update No. 177 contains update to revised Small and Medium-sized Entity Financial Reporting Framework and Financial Reporting Standard
15 December 2015

The minutes for FRSC meeting held on 10 November 2015 covers the following key items:

 

  • Report on recent standard-setting events;
  • IASB ED on Conceptual Framework;
  • IASB Request for Views 2015 Agenda Consultation;
  • IASB Draft IFRIC Interpretations; and
  • Update on the progress of the issue on the issuance broker's accounting treatment for insurance premium receivables from policyholders.
15 December 2015

The minutes for AASC meeting held on 20 October 2015 covers the following key items:

 

  • Changes to the HKSAs as a result of the Disclosures project (Addressing Disclosures in the Audit of Financial Statements) developed by the International Auditing and Assurance Standards Board;
  • Draft FAQ on early adoption of the new and revised HKSAs; and
  • Update on tripartite meeting with Mandatory Provident Fund Authority and Hong Kong Trustees Association
11 December 2015The Institute issued Invitation to Comment on IASB ED/2015/11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Proposed amendments to IFRS 4)
11 December 2015The latest TechWatch Issue No. 158 is published
4 December 2015

The Institute commented on the following IASB EDs:

 

2 December 2015

The Institute issued Invitations to Comment on the following IASB EDs:

 

  • ED/2015/9 Transfers of Investment Property (Proposed amendment to IAS 40)
  • ED/2015/10 Annual Improvements to IFRSs 2014-2016 Cycle
18 November 2015Handbook Update No. 176 contains revised 1.101A Guidelines for the Chairman and the Committee on Administering the Disciplinary Committee Proceedings Rules
17 November 2015The latest TechWatch Issue No. 157 is published
12 November 2015The Institute will hold TUE on IFRS/ HKFRS 9 Financial Instruments on 15 December
6 November 2015The Institute will hold a seminar on revised Auditor's Report on 14 December
5 November 2015The Institute issued Invitation to Comment on IASB ED/2015/8 IFRS Practice Statement: Application of Materiality to Financial Statements and requested for comments to the Institute by 22 January 2016
27 October 2015The Institute commented on IAASB's ED on Proposed ISA 810 (Revised), Engagements to Report on Summary Financial Statements
27 October 2015

The Institute has issued the following invitations to comments:

 

27 October 2015The Institute commented on IASB ED/2015/5 Remeasurement on a Plan Amendment, Curtailment or Settlement/Availability of a Refund from a Defined Benefit Plan
23 October 2015The Institute will hold TUE on Accounting for Share-Based Payment Awards Under IFRS/HKFRS 2 on 24 November
23 October 2015The Institute commented on IAASB ED on Proposed Amendments to the IAASB's International Standards - Responding to Non-Compliance or Suspected Non-Compliance with Laws and Regulations
22 October 2015The Institute commented on IASB ED/2015/7 Effective Date of Amendments to IFRS 10 and IAS 28
19 October 2015The Institute will hold Refresher Course on Current Auditing Standards in November and December
14 October 2015The latest TechWatch Issue No. 156 is published
7 October 2015The Institute will hold HKFRS for Private Entities Workshops in November
29 September 2015Handbook Update No. 174 and 175 contain amendment to effective date of HKFRS 15 Revenue from Contracts with Customers and 2015 amendments to HKFRS for Private Entities
24 September 2015Handbook Update No. 173 contains revised PN 730 Guidance for Auditors Regarding Preliminary Announcements of Annual Results and PN 852 Review of Lottery Accounts
22 September 2015The Institute will hold TUE session on IPO Property Valuation Exercise in the Hong Kong Stock Exchange and Common Financial Instruments Valuation during an IPO
22 September 2015The Institute comments on IESBA ED on responding to Non-Compliance with Laws and Regulations
18 September 2015

The Institute will hold the following seminar and TUE in October:

 

15 September 2015

The minutes for AASC meeting held on 21 July 2015 covers the following key items:

 

  • AATB 1 (Revised) Assistance Options to New Applicants and Sponsors in Connection with Due Diligence Obligations, including Internal Controls over Financial Reporting;
  • Proposed Circular on Reporting to Grantees of the Language Fund;
  • Proposed Description of Auditor's Responsibilities; and
  • Proposed HKSA 720 (Revised) The Auditor's Responsibilities Relating to Other Information.
15 September 2015

The minutes for FRSC meeting held on 7 July 2015 covers the following key items:

 

  • IASB's narrow-scope  proposal  on pension accounting;
  • IAS 37 Provisions, Contingent Liabilities and Contingent Assets;
  • IASB Conceptual Framework EDs;
  • Business Combinations under Common Control Working Group; and
  • IFRS 15 Revenue from Contracts with Customers.
9 September 2015The latest TechWatch Issue No. 155 is published
8 September 2015The Institute launched e-Seminar on Latest Implementation Guidance on the Application of Part 9 of the New Companies Ordinance
31 August 2015Handbook Update No. 172 contains new and revised Hong Kong Standards on Auditing on auditor reporting and auditor's responsibilities relating to other information 
28 August 2015The Institute issued Circular on Reporting to Grantees of the Language Fund
20 August 2015The Institute has issued Invitation to Comment on IASB Request for Views 2015 Agenda Consultation and requested for comments to the Institute by 30 November 2015
14 August 2015The Institute has issued Invitation to Comment on IASB ED/2015/7 Effective Date of Amendments to IFRS 10 and IAS 28 and requested for comments to the Institute by 11 September 2015
11 August 2015The latest TechWatch Issue No. 154 is published
6 August 2015TUE Series on New Companies Ordinance Application issues will be held from August to September 2015
4 August 2015

The Institute has issued the following invitations to comments:

 

31 July 2015

The minutes for FRSC meeting held on 9 June 2015 covers the following key items:

 

  • HKICPA's submission on the IASB ED/2015/1 Classification of Liabilities (Proposed amendments to IAS 1);
  • 2015 Amendments to the IFRS for SMEs;
  • IASB Exposure Drafts on the enhancement of the IASB's Conceptual Framework; and
  • A report from the Working Group on Companies Ordinance application issues on fiancial reporting.

 

30 July 2015

IFRS Conference and IFRS for SEMs Workshop will take place in Hong Kong on 12-13 October: The early-bird promotion with savings of up to HKD1,900 is now extended to 31 August.

 

Register now to secure your seat. Group discount is available.

30 July 2015Handbook Update No. 171 contains revised Code of Ethics for Professional Accountants
30 July 2015

The Institute will hold the following workshops:

 

 

29 July 2015

The Institute will hold the following workshops in September and October:

 

  • Audit Practice Manual Application Workshop
  • Workshop for Audit Manager
  • Workshop on Quality Control
  • Workshop for Audit Staff
27 July 2015The Institute has issued Invitation to Comment on IAASB ED Proposed Amendments to the IAASB's International Standards - Responding to Non-Compliance or Suspected Non-Compliance with Laws and Regulations and requested for comments to the Institute by 21 September 2015
23 July 2015AATB 1 Assistance Options to New Applicants ans Sponsors in connection with Due Diligence Obligations, including Internal Controls over Financial Reporting is revised
22 July 2015

The minutes for AASC meeting held on 16 June 2015 covers the following major items:

 

  • ISAE 3400 The Examination of Prospective Financial Information
  • Revised PN 730 Guidance for Auditors Regarding Preliminary Announcements of Annual Results
  • Proposed HKSAs on Auditor's Reporting and Additional Footnote in Proposed HKSA 700 (revised)
  • Proposed HKSA 720 (Revised) The Auditor's Responsibilities Relating to Other Information
  • Annual Auditing Update Conference 2015
  • Draft Alert and Business Cooperation Agreement
21 July 2015The Institute will hold TUE on Accounting for a Convertible Instrument (i) a Holder and an Issuer; and (ii) Common Issues Encountered and Structuring with Deliberations in August
16 July 2015The latest TechWatch Issue No. 153 is published
13 July 2015The Institute comments on IASB ED/2015/2 Effective Date of IFRS 15
13 July 2015The Institute will hold a workshop on Practical Issues in Valuation - Using the Work of an Auditor's Expert under HKSA 620 on 8 August
6 July 2015

The minutes for EC meeting held on 18 March 2015 covers the following major items:

 

  • Verbal report/update on international meetings
  • IESBA ED on Proposed Changes to Part C of the Code Addressing Presentation of Information and Pressure to Breach the Fundamental Principles
  • Revision of Part D of the Code and Statement 1.303 in response to the new Companies Ordinance
  • Revision to Ethics Circular 1
6 July 2015

Financial and Auditing Alert Issue 21: Provisional regulations on CPA practices carrying out audit services for Mainland enterprises listed outside Mainland China is issued

25 June 2015The Institute has issued Invitation to Comment on ED Revised PN 730 Guidance for Auditors Regarding Preliminary Announcements of Annual Results and requested for comments to the Institute by 25 July 2015
24 June 2015

The minutes for the AASC meeting held on 19 May 2015 covers the following major items:

 

  • Update on National Standard Setters Meeting
  • Revised PN 730 Guidance for Auditors Regarding Preliminary Announcements of Annual Results
  • Update on the Auditor's Report for Non-Consolidation of Financial Statements Prepared in Accordance with the New Companies Ordinance
  • Update on Auditor's Reporting Engagement Plan
  • Definition of Listed Entity under Proposed HKSA 700 (Revised) Forming an Opinion and Reporting on Financial Statements
  • Proposed HKSAs on Auditor's Reporting
  • Proposed Draft Report under New ISA 720 (Revised) The Auditor's Responsibilities Relating to Other Information

 

23 June 2015The Institute has issued Invitation to Comment on IASB ED/2015/5 Remeasurement on a Plan Amendment, Curtailment or Settlement/Availability of a Refund from a Defined Benefit Plan(Proposed amendments to IAS 19 and IFRIC 14), and requested for comments to the Institute by 21 September 2015
19 June 2015Handbook Update No. 170 contains Accounting Bulletin 6 Guidance on the Requirements of Section 436 of the Hong Kong Companies Ordinance Cap. 622
19 June 2015The Institute will hold TUE on Common questions by SMPs when applying Code of Ethics for Professional Accountants on 21 July 2015
18 June 2015The Institute comments on IASB ED/2015/1 Classification of Liabilities
10 June 2015The latest TechWatch Issue No. 152 is published
9 June 2015

The minutes for the FRSC meeting held on 12 May 2015 covers the following major items:

 

  • Application issue on insurance broker's accounting treatment for insurance premium receivable from policyholders
  • Key issues and views to be included in the HKICPA's submission on IASB ED/2015/1 Classification of Liabilities (proposed amendments to IAS 1)
  • Companies Ordinance Working Group on application issues on financial reporting
  • Revenue Working Group on the article on real estate developers
  • Joint HKICPA and IFRS Foundation IFRS Conference
9 June 2015The Institute has issued Invitation to Comment on IESBA ED on Responding to Non-Compliance with Laws and Regulations, and requested for comments to the Institute by 14 August 2015
2 June 2015The Institute has issued Invitation to Comment on IASB Exposure Drafts ED/2105/3 Conceptual Framework for Financial Reporting and ED/2015/4 Updating References to the Conceptual Framework, and requested for comments to the Institute by 14 September 2015
26 May 2015HKICPA e-seminar is launched by the Technical, learning and support team of the Standard Setting Department on improving audit quality - practice review and common findings
22 May 2015The Institute will hold a lunch seminar on Latest Implementation Guidance on the Application of Part 9 of the New Companies Ordinance on 23 June
22 May 2015The Institute has issued Invitation to Comment on IASB ED/2015/2 Effective Date of IFRS 15 (Proposed amendments to IFRS 15), and requested for comments to the Institute by 19 June 2015
20 May 2015

The Institute and the IFRS Foundation will jointly host IFRS Conference 2015 on 12-13 October at the JW Marriott Hotel, Hong Kong. The Conference will focus on the updates on major IASB projects and implementation for IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers, as well as discussion on the need and methods for better disclosures and on cross-cutting implications of IFRS measurements.

 

Following the Conference, a half-day workshop on implementing the IFRS for SMEs will be held on 13 October afternoon, which will cover case studies of the IFRS for SMEs application in Hong Kong.

20 May 2015The Institute will hold TUE on Risk Management and Internal Control of The Corporate Governance Code and Corporate Governance Report on 23 June
20 May 2015

Revised Ethics Circular 1 (May 2015) Guidance for Small and Medium Practitioners on the Code of Ethics for Professional Accountants contains updated paragraph references to the Code of Ethics for Professional Accountants

20 May 2015

The minutes for the AASC meeting held on 21 April 2015 covers the following major items:

 

  • Work Plan Status Report and Update from Working Groups
  • Update on the IAASB's Projects and NSS Meeting
  • Revised PN 740 Auditor's Letter on Continuing Connected Transactions under the Hong Kong Listing Rules
  • Revised AATB 1 Assistance Options to New Applicants and Sponsors in connection with Due Diligence Obligations, including Internal Controls over Financial Reporting
  • Update on Auditor's Reporting Engagement Plan
  • Proposed HKSAs on Auditor's Reporting
  • Draft guidance on Auditor's Report Signing Arrangements
19 May 2015

Handbook Update No. 169 contains revised "Part D: Additional Ethical Requirements" and "Part E: Specialized Areas of Practice" of the Code of Ethics for Professional Accountants and Statements 1.303 in response to the new Hong Kong Companies Ordinance (Cap. 622)

19 May 2015

The minutes for the FRSC meeting held on 10 March 2015 covers the following major items:

 

  • Key issues and views to be included in the Institute's submissions on IASB EDs
  • IASB ED/2015/1 Classification of Liabilities (proposed amendments to IAS 7)
  • Report from the Companies Ordinance Working Group
  • Draft letter to the IASB regarding the effective date of IFRS 15 Revenue from Contracts with Customers
  • Joint HKICPA and IFRS Foundation IFRS Conference
  • Revised 2015 FRSC work plan and activities
  • Proposed guideline for staff when dealing with IASB consultative documents
13 May 2015The latest TechWatch Issue No. 151 is published
8 May 2015The Institute has issued Invitation to Comment on ED Revised Technical Bulletin AATB 1 Assistance Options to New Applicants and Sponsors in connection with Due Diligence Obligations, including Internal Controls over Financial Reporting, and requested for comments to the Institute by 8 June 2015
5 May 2015The Institute comments on IESBA ED on Proposed Changes to Part C of the Code Addressing Presentation of Information and Pressure to Breach the Fundamental Principles
29 April 2015

Handbook Update No. 168 contains revised PN 740 Auditor's Letter on Continuing Connected Transactions under the Hong Kong Listing Rules

29 April 2015The Institute comments on IASB ED/2104/6 Disclosure Initiative (proposed amendments to IAS 7)
28 April 2015The Institute comments on IAASB's ED on ISA 800 (Revised), Special Consideration - Audits of Financial Statements Prepared in Accordance with Special Pupose Frameworks, ISA 805 (Revised), Special Considerations - Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statements and Proposed Conforming Amendment to Another ISA
27 April 2015

The minutes for the AASC meeting held on 17 February 2015 covers the following major items:

 

  • International Education Standard 8, Professional Competence for Engagement Partners Responsible for Audits of Financial Statements (Revised)
  • New and Revised Auditor Reporting Standards issued by the IAASB
  • PN 810.2 (Revised) The Duties of the Auditor of an Insurer authorized under the Insurance Companies Ordinance
  • Revised PN 740 Auditor's Letter on Continuing Connected Transactions under the Hong Kong Listing Rules
  • Implication on the Auditor's Report for Non-consolidation of Financial Statements prepared in accordance with the New Companies Ordinance
  • AB 6 Guidance on the Requirements of Section 436 of the Hong Kong Companies Ordinance Cap. 622 "Requirement in connection with Publication of 'Specified Financial Statements' and 'Non-Statutory Accounts'"

 

16 April 2015The Institute sent a letter to the IASB Chairman on Effective date of IFRS 15 Revenue from Contracts with Customers
16 April 2015

The Institute will hold the following TUE and seminar in May and June:

 

  • TUE - Guardian Role of Professionals in Upholding Ethical Governance
  • TUE - New accounting requirements for 2015
  • A Refresher Course on Current Financial Reporting Standards
16 April 2015The latest TechWatch Issue No. 150 is published
9 April 2015

Handbook Update No. 167 contains Revised Preface to Hong Kong Financial Reporting Standards

8 April 2015

The minutes for the Ethics meeting held on 5 December 2014 covers the following major items:

 

  • Observations of the Committee Deputy Chairman on his attendance at the November 2014 Meeting of the IFAC SMP Committee's Ethics Task Force
  • IESBA ED on Proposed Changes to Part C of the Code Addressing Presentation of Information and Pressure to Breach the Fundamental Principles
  • IESBA Consultation Paper on Improving the Structure of the Code of Ethics for Professional Accountants
  • Proposed Revision of Part D of the Code in response to the new Companies Ordinance

 

8 April 2015Institute comments on IASB ED/2014/5 Classification and Measurement of Share-based Payment Transactions
17 March 2015The latest TechWatch Issue No. 149 is published
16 March 2015

The Institute will hold the following TUE in Mary and June:

 

  • TUE on Environmental, Social and Governance Reporting
  • TUE on Guardian Role of Professionals in Upholding Ethical Governance
12 March 2015

The minutes for the FRSC meeting held on 10 February 2015 covers the following major items:

 

  • Proposed work plan for 2015
  • IASB Exposure Drafts
  • Update on joint HKICPA and IFRS Foundation IFRS Conference
  • Report from the Companies Ordinance Working Group
5 March 2015

The Institute will hold the following workshops in April to June:

 

  • Workshops on a successful listing in Hong Kong
  • HKFRS for Private Entities Workshop
  • Workshop for Audit Staff
  • Workshop for Audit Manager
  • Audit Practice Manual Application Workshop
  • Workshop on Quality Control
27 February 2015

Handbook Update No. 166 contains:

 

  • editorial and formatting changes in Hong Kong Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
  • conforming amendments as a result of HKSA 610 (Revised), HKSA 610 (Revised 2013)
  • update on PN 810.2 (Revised)
27 February 2015The Institute has issued Invitation to Comment on ED Revised Practice Note 740 Auditor's Letter on Continuing Connected Transactions under the Hong Kong Listing Rules, and requested for comments to the Institute by 27 March 2015
18 February 2015

The AASC minute of the meeting held on 16 December 2014 covered the following items:

 

  • Work Plan Status Report and Update from Working Groups
  • Update on the IAASB's projects
  • PN 820 (Revised) The Audit of Licensed Corporations and Associated Entities of Intermediaries, PN 830 (Revised) Reports by the Auditor under the Banking Ordinance and PN 860.1 (Revised) The Audit of Retirement Schemes
  • Revised PN 810.2 The Duties of the Auditor of an Insurer authorized under the Insurance Companies Ordinance
  • Vote of thanks
13 February 2015

The FRSC minute of the meeting held on 17 December 2014 covered the following items:

 

  • Work plan status report
  • Report on the IASB Accounting Standards Advisory Forum
  • Report on various financial reporting events in Hong Kong
  • Draft HKICPA submissions on various IASB Consultation Documents
  • Report from the Working Group on Campanies Ordinance application issues on financial reporting
  • Vote of thanks
12 February 2015The latest TechWatch Issue No. 148 is published
12 February 2015The Institute has issued Invitation to Comment on IASB Exposure Draft ED/2015/1 Classification of Liabilities (proposed amendments to IAS 1), with comments requested by 8 May 2015
12 February 2015The Institute comments on IASB Discussion Paper of Reporting the Financial Effects of Rate Regulation
10 February 2015A Seminar on Guardian Role of Professionals in Upholding Ethical Governance (including a 30-minute tour visit of the exhibition hall of ICAC Headquarters and a 90-minute presentation) will be held on 1 April 2015.
4 February 2015The Institute comments on the IESBA Consultation Paper on Improving the Structure of the Code of Ethics for Professional Accountants
2 February 2015The Institute comments on the IASB ED Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value
28 January 2015Handbook Update No.165 contains the publication of Disclosure Initiative (amendments to HKAS 1 Presentation of Financial Statements); and Investment Entities: Applying the Consolidation Exception (amendments to HKFRS 10 Consolidated Financial Statements, HKFRS 12 Disclosure of Interests in Other Entities and HKAS 28 (2011) Investments in Associates and Joint Ventures)
26 January 2015The Institute has issued Invitation to Comment on IAASB ED on Proposed ISA 800 (Revised) Special Considerations - Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks and ISA 805 (Revised) Special Considerations - Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement and Conforming Amendment to Another ISA, with comments requested by 20 March 2015
24 January 2015Handbook Update No.164 contains updated Statement 1.102 Corporate Practices (Registration) Rules (Jan 2015) 
21 January 2015The Institute will hold seminar on consultation conclusions on risk management and internal control: Review of the corporate governance code and corporate governance report on 5 March 2015
16 January 2015

The Institute has issued Invitation to Comment on ED of Accounting Bulletin 6 Guidance on the Requirements of Section 436 of the Hong Kong Companies Ordinance Cap.622 "Requirement in Connection with Publication of 'Specified Financial Statements' and 'Non-statutory Accounts'", with comments requested by 16 March 2015

12 January 2015The latest TechWatch Issue No. 147 is published
6 January 2015

The Institute has issued Invitation to Comment on Amendments to Preface to Hong Kong Financial Reporting Standards, with comments requested by 6 March 2015

6 January 2015Handbook Update No.163 contains amendments to the Code of Ethics for Professional Accountants ("Code"), which were previously set out in Appendix 3 of the Code as they were not yet effective, in the main body of the Code.
24 December 2014

The Institute has issued Invitation to Comment on ED Revised PN 810.2 The Duties of the Auditor of an Insurer authorized under the Insurance Companies Ordinance, with comments requested by 30 January 2015

24 December 2014

The Institute will hold the follwoing workshops:

 

  • Workshop on IFRS 9 Financial Instruments (31 Jan 2015)
  • Workshop on IFRS 15 Revenue from Contracts with Customers (9 Feb 2015)
23 December 2014

The Institute has issued Invitation to Comment on IASB ED of Disclosure Initiative (Proposed Amendments to IAS 7), with comments requested by 13 March 2015

23 December 2014

The FRSC minute of the meeting held on 14 October 2014 covered the following items:

 

  • Report on the International meetings
  • Update on planning for the 2014 Annual AOSSG Meeting
  • Report from the Working Group on Companies Ordinance application issues on financial reporting
18 December 2014

The AASC minute of the meeting held on 21 October 2014 covered the following items:

 

  • Work Plan Status Report and Update from Working Groups
  • PN 820 (Revised) The Audit of Licensed Corporations and Associated Entities of Intermediaries
  • PN 830 (Revised) Reports by the Auditor under the Banking Ordinance
  • PN 860.1 (Revised) The Audit of Retirement Schemes
  • Chinese translation of the revised auditor's reports and audit engagement letter resulting from the new Companies Ordinance
  • Participation in IAASB's projects
18 December 2014Handbook Update No.162 contains revised Practice Notes 820, 830 & 860.1
18 December 2014The Institute sent comment letter to IASB on its ED of Recognition of Deferred Tax Assets for Unrealized Losses (Proposed amendments to IAS 12)
12 December 2014

The Institute will hold the following workshops and seminars:

 

12 December 2014The latest TechWatch Issue No. 146 is published
9 December 2014

The EC minute of the meeting held on 27 October 2014 covered the following items:

 

  • Status Report on Ethics Committee Work Plan
  • The Observation of the Committee Chairman for his attendance to the October 2014 IESBA Meeting
  • The finalisation of IESBA's Strategy and Work Plan 2014-2018
  • IESBA ED on Proposed Changes to Certain Provisions of the Code Addressing the Long Association of Personnel with an Audit or Assurance Client
  • SMP Symposium
3 December 2014The Institute sent comment letter to IESBA on its ED on Proposed Changes to Certain Provisions of the Code Addressing the Long Association of Personnel with an Audit or Assurance Client
3 December 2014The Institute has issued Invitation to Comment on IFAC's IESBA ED on Proposed Changes to Part C of the Code Addressing Presentation of Information and Pressure to Breach the Fundamental Principles, with comments requested by 6 March 2015
2 December 2014The Institute has issued Invitation to Comment on IASB ED of Classification and Measurement of Share-based Payment Transactions (Proposed Amendments to IFRS 2), with comments requested by 17 February 2015
20 November 2014Handbook Update No.161 contains consequential amendments to various HKFRSs
20 November 2014

The Institute will hold the following workshops in January and February 2015:

 

18 November 2014The Institute sent comment letter to IASB on its Discussion Paper of Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging
13 November 2014The latest TechWatch Issue No. 145 is published
5 November 2014

The EC minute of the meeting held on 27 June 2014 covered the following items:

 

  • Status Report on Ethics Committee Work Plan
  • Revision to Statement 1.500 Continuing Professional Development
  • Report on IESBA National Standard Setters Meeting held on 28 May 2014 in New York
  • Report on IESBA outreach to Hong Kong and roundtable on responding to non-compliance with laws and regulations
  • IESBA ED on Proposed Changes to Certain Provisions of the Code Addressing Non-assurance Servics for Audit Clients
5 November2014The Institute has issued Invitation to Comment on IFAC's IESBA Consultation Paper on Improving the Structure of the Code of Ethics for Professional Accountants, with comments requested by 16 January 2015
30 October 2014The Institute has issued Invitation to Comment on ED PN 820 (Revised) The Audit of Licensed Corporations and Associated Entities of Intermediaries, PN 830 (Revised) Reports by the Auditor under the Banking Ordinance and PN 860.1 (Revised) The Audit of Retirement Schemes, with comments requested by 1 December 2014
29 October 2014

The AASC minute of the meeting held on 23 September 2014 covered the following items:

 

  • Work Plan Status Report and Update from Working Groups
  • Revised PN 900 (Revised) Audit of Financial Statements Prepared in Accordance with the Small and Medium-sized Entity Financial Reporting Standard
  • Revised HKSA 810 Engagements to Report on Summary Financial Statements
  • Questions and Answers on auditor's report relating to the Companies Ordinance transition arrangements
  • New mechanism for partially-funded projects under the Standing Committee on Language Education and Research, and auditor's reports thereon
  • Discussion Paper issued by the International Integrated Reporting Council
  • Participation in IAASB's projects
24 October 2014The Institute will hold Financial Reporting Forum - Developments in IFRS on 28 November 2014
23 October 2014

The Institute will hold the following workshops and seminars:

 

  • Joint Seminar on Investment Funds (18 November)
  • TUE - Accounting for Financial Instruments - Derivatives and Compound financial instruments (19 November)
  • TUE - Accounting for Financial Instruments - Hedge accounting (2 December)
  • TUE - Overview of the new revenue standard - HKFRS15/IFRS 15 (29 December)
20 October 2014

The FRSC minute of the meeting held on 22 September 2014 covered the following items:

 

  • Update on planning for the 2014 Annual AOSSG Meeting
  • Meeting with a member of the IASB-FASB Revenue Transition Resource Group
  • IASB Leases Project
  • IASB ED of Investment Entities: Applying the Consolidation Exception
  • Report from the Working Group on Companies Ordinance application issues on financial reporting 
17 October 2014Handbook Update No.160 contains Annual Improvements to HKFRSs 2012-2014 Cycle
15 October 2014The Institute will hold 2014 SMP Symposium on 28 November 2014
13 October 2014The latest TechWatch Issue No. 144 is published
9 October 2014The Institute will hold workshop on HKAS 36 Impairment of Assets on 13 December 2014
8 October 2014The Institute will hold a Seminar on the Audit of Licensed Corporations on 7 November 2014
8 October 2014

Handbook Update No.159 contains Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to HKFRS 10 Consolidated Financial Statements and HKAS 28 Investments in Associates and Joint Ventures)

3 October 2014

Update to Q&A on new Companies Ordinance - guidance on referencing to the CO in the auditor's report

30 September 2014

The FRSC minute of the meeting held on 24 July 2014 covered the following items:

 

  • Report on the IASB Accounting Standards Advisory Forum 
  • Update on planning for the 2014 Annual AOSSG Meeting
  • IASB Post-implementation review of IFRS 8
  • Members' handbook update
  • Annual Accounting Update 2014
  • Report from the Working Group on Companies Ordinance application issues on financial reporting
30 September 2014The Institute sent comment letter to IASB on its ED Investment Entities: Applying the Consolidation Exception (Proposed amendments to IFRS 10 and IAS 28)
30 September 2014

Handbook Update No.158 contains conforming amendments to HKAS 700, HKAS 810 and revised PN 900

26 September 2014The Institute will re-run workshops on a successful listing in HK - Part I in October & November 2014
24 September 2014

The Institute will hold the following workshops in November:

 

  • TUE - Common questions by SMPs when applying Code of Ethics for Professional Accountants
  • Workshop on Internal Control - Use of data analytics in internal audit process
  • Workshop on Internal Control - Fundamental IT audit for financial statements audit
22 September 2014

The Institute issued Invitations to Comment on the following IASB Consultation Papers with comments requested by 5 December 2014

 

17 September 2014The Institute sent comment letter to IAASB on Proposed Changes to the ISAs Addressing Disclosures in the Audit of Financial Statements
16 September 2014

The Institute will hold the following workshops in October & November:

 

  • TUE - Guardian Role of Professionals in Upholding Ethical Governance
  • Workshop for Audit Staff
  • Workshop for Audit Manager
15 September 2014Members' Handbook Update No.157 relates to the publication of Equity Method in Separate Financial Statements (Amendments to HKAS 27 Separate Financial Statements)
15 September 2014Financial and Auditing Alert Issue 19 regarding reminder on the timing for opting for reporting exemption and on consolidation matters under SME-FRF & SME-FRS (Revised) was issued
5 September 2014The latest TechWatch Issue No. 143 is published
5 September 2014The Institute will hold Seminar for Consultation Paper on Review of Listing Rules on Disclosure of Financial Information with reference to the New Companies Ordinance and HKFRSs on 14 October 2014
4 September 2014

Members' Handbook Update No.156 relates to the issuance of HKFRS 9 (2014) Financial Instruments

27 August 2014

The Institute will hold the following workshops in September and October:

 

27 August 2014The Institute sent comment letter to IESBA on its ED on Proposed Changes to Certain Provisions of the Code Addressing Non-assurance Services for Audit Clients.
27 August 2014The Institute has issued Invitation to Comment on IASB ED of Recognition of Deferred Tax Assets for Unrealized Losses (Proposed Amendments to IAS 12), with comments requested by 14 November 2014
21 August 2014The Institute has issued Invitation to Comment on IFAC's IESBA ED on Proposd Changes to Certain Provisions of the Code Addressing the Long Association of Personnel with an Audit or Assurance Client, with comments requested by 24 October 2014
11 August 2014

The latest TechWatch Issue No. 142 is published

7 August 2014Members' Handbook Update No. 155 relates to the issuance of Agriculture: Bearer Plants (Amendments to HKAS 16 Property, Plant and Equipment and HKAS 41 Agriculture
5 August 2014The Institute will hold a seminar on New Hong Kong Companies Ordinance: Business Review on 11 September 2014
29 July 2014

The FRSC minute of the meeting held on 20 June 2014 covered the following items:

 

  • Report on the HKICPA/IASB Roundtable on Macro-hedging
  • Report on the meeting between the AOSSG and the IASB in Tokyo
  • Members' handbook update
  • Report from the Working Group on Companies Ordinance application issues on financial reporting
29 July 2014The Institute will hold workshops on a successful listing in HK (Part II) on 6 September and 27 September
29 July 2014

Members' Handbook Update No. 154 contains AB 5 Guidance for the Preparation and Presentation of a Business Review under the Hong Kong Companies Ordinance Cap. 622

24 July 2014

The Institute sent a comment letter to IASB on its ED of DIsclosure Initiative (Proposed amendments to IAS 1 Presentation of Financial Statements)

22 July 2014The Institute sent comment letter on IAASB ED on ISA 720 (Revised) The Auditor's Responsibilities Relating to Other Information and Proposed Consequential and Conforming Amendments to Other ISAs.
21 July 2014

Members' Handbook Update No. 153 contains Redrafted Statement 1.500 Continuing Professional Development

15 July 2014

The new Companies Ordinance (Cap.622) came into effect on 3 March and replaces certain provisions in the predecessor ordinance (Cap. 32).

 

The Institute has set up a new Companies Ordinance Resource Centre webpage to help members access related resources and facilitate their understanding and compliance with the new ordinance.

 

Also, the Institute developed the Q&As to provide non-mandatory guidance on both transitional and non-transitional issues relating to financial reporting.

 

Click here for the resource centre and the Q&As

11 July 2014The Institute sent comment letter on IASB Request for Information of Post-Implementation Review: IFRS 3 Business Combinations
10 July 2014

Members' Handbook Update No. 152 contains handbook improvement on HKFRSs

9 July 2014

Members' Handbook Update No. 151 contains HKFRS 15 Revenue from Contracts with Customers

9 July 2014Comparison between HKFRSs and IFRSs as at 30 June 2014
9 July 2014The Institute will hold TUE series on the new Companies Ordinance in July & August 2014
9 July 2014

The latest TechWatch Issue No. 141 is published

8 July 2014

The FRSC minute of the meeting held on 22 May 2014 covered the following items:

 

  • Report on IFRS Advisory Council Meeting on 24 and 25 February 2014
  • ASAF meeting June 2014
  • Reports from IFRS working groups
  • Members' handbook update
  • Report from the Working Group on Companies Ordinance application issues on financial reporting
30 June 2014

Members' Handbook Update No. 150 contains revised PN 600.1 and revisions to relevant HKSAs consequent on the new Hong Kong Companies Ordinance (Cap. 622) coming into effect

30 June 2014The Institute has issued Invitation to Comment on ED PN 900 (Revised) Audit of Financial Statements Preopared in Accordance with the Small and Medium-sized Entity Financial Reporting Standard, with comments requested by 30 July 2014
24 June 2014Members' Handbook Update No. 149 contains Handbook improvements on HKFRSs
24 June 2014

The FRSC minute of the meeting held on 26 March 2014 covered the following items:

 

  • Report on the various international meetings in March
  • IASB Outreach roundtable on DP Macro-hedging
  • Report from the Working Group on Companies Ordinance application issues on financial reporting
  • Article on the accounting for transaction costs incurred in an IPO
20 June 2014The Institute has issued Invitation to Comment on IASB ED of Investment Entities: Applying the Consolidation Exception (Proposed Amendments to IFRS 10 and IAS 28), with comments requested by 18 August 2014
20 June 2014

The AASC minutes of the meetings held on 15 April 2014 and 27 May 2014 covered the following items:

 

  • HKSIR 500 Reporting on Profit Forecasts, Statements of Sufficiency of Working Capital and Statements of Indebtedness
  • Revised PN 600.1 Reports by the Auditor under the Hong Kong Companies Ordinance and example auditor's reports
  • Referencing to the predecessor Companies Ordinance in the auditor's report
  • Agenda topics for IAASB - NSS Meeting to be held on 29-30 May 2014
  • IAASB ED: ISA 720 (Revised), The Auditor's Responsibilities Relating to Other Information and Proposed Consequential and Conforming Amendments to Other ISAs; and Proposed Changes to the ISAs- Addressing Disclosures in the Audit of Financial Statements
  • The approach by which the HKICPA  promotes A Framework for Audit Quality issued by the IAASB
  • Annual Auditing Update Conference 2014
18 June 2014The Institute will hold ICAC Workshop on Ethical Decision Making on 31 July 2014
11 June 2014

The latest TechWatch Issue No. 140 is published

6 June 2014

The Institute will re-run the following programmes in July:

 

5 June 2014

Members' Handbook Update 148 contains Accounting for Acquisitions of Interests in Joint Operations (amendments to HKFRS 11) and Clarification of Acceptable Methods of Depreciation and Amortisation (amendments to HKAS 16 and HKAS 38)

28 May 2014The Institute has issued Invitation to Comment on IESBA ED on Proposed Changes to Certain Provisions of the Code Addressing Non-assurance Services for Audit Clients, with comments requested by 25 July 2014
21 May 2014The Institute has issued Invitation to Comment on IAASB ED Proposed Changes to the International Standards on Auditing Addressing Disclosures in the Audit of Financial Statements, with comments requested by 11 August 2014
16 May 2014The Institute will hold workshops on Deferred Taxes on 14 June and Internal Control on 17 June
14 May 2014

The latest TechWatch Issue No. 139 is published

7 May 2014Members' Handbook Update No. 147 contains Handbook improvements on HKFRSs
29 April 2014Members' Handbook Update No. 146 contains HKSIR 500 Reporting on Profit Forecasts, Statements of Sufficiency of Working Capital and Statements of Indebtedness
29 April 2014

The Institute has issued three Invitations to Comment as follows:

 

29 April 2014The Institute will re-run TUE sessions on Internal Control on 27 May and Revised SME-FRF & SME-FRS on 13 June
25 April 2014

The AASC minutes of the meeting held on 11 March 2014 covered the following items:

 

  • A Framework for Audit Quality issued by the IAASB
  • IAASB's Consultation Paper on Proposed Strategy for 2015-2019 and Proposed Work Programme for 2015-2016
  • Transition arrangement for reporting under Part 8 of the Third Schedule in the Insurance Companies Ordinance
  • FRSC ED on Accounting Bulletin 5 Guidance for the Preparation of a Business Review under the Hong Kong Companies Ordinance Cap.622

 

17 April 2014The Institute will  hold a re-run session for TUE Common questions by SMPs when applying Code of Ethics for Professional Accountants on 20 May
17 April 2014The Institute send comment letter on IASB discussion regarding its proposed amendments to paragraph 4(a)(iv) of IFRS 10 Consolidated Financial Statements and to request IASB to broaden their consideration of this issue to consider whether this paragraph should be deleted, on the basis that it is inconsistent with the purpose of general purpose financial statements as out in the Conceptual Framework.
17 April 2014Enrol now in the financial reporting refresher course in June
9 April 2014

The latest TechWatch Issue No. 138 is published

8 April 2014Members' Handbook Update No. 145 contains amendment to SME-FRF & SME-FRS (Revised) clarifying non-exempt disclosure requirements of qualifying entities
7 April 2014

The Institute will run a series of Technical Learning and Support Programme from May to June as follows:

  • Workshop on a successful listing in Hong Kong
  • Workshop for Group Accounting
  • Workshop on Quality Control
7 April 2014The Institute sent comment letter on IAASB on its Consultation Paper of Proposed Strategy for 2015-2019 and Proposed Work Program for 2015-2016. Overall the Institute supported the proposed Strategy and Work Program and believed the proposed Strategy and Work Program will also help to underpin audit quality.
7 April 2014The Institute sent comment letter on IASB on its Exposure Draft of Annual Improvements to IFRSs 2012 -2014 Cycle and generally agreed with most of the proposals in the ED and with the objectives they were trying to achieve, however, the Institute expressed concerns about the proposed amendments to IAS 19 Employee Benefits (on the regional market issue) and IAS 34 Interim Financial Reporting (on information 'elsewhere in the interim financial report').
4 April 2014

The Institute has issued Invitation to Comment on IASB ED of Disclosure Initiative (Proposed Amendments to IAS 1), with comments requested by 30 June 2014

The ED proposed narrow-focus clarifying amendments to IAS 1 Presentation of Financial Statements to address some of the concerns expressed about existing presentation and disclosure requirements and to ensure entities are able to use judgement when preparing their financial statements.

2 April 2014Members' Handbook Update No. 144 contains updated Statement 1.103 Corporate Practices (Professional Indemnity) Rules
1 April 2014The Institute sent comment letter to IASB on its Exposure Draft of IFRS for SMEs. A majority of business entities in our jurisdiction did not have public accountability. Many of those entities were owner-managed and were not particularly sizable in nature. Despite the fact that the accounting requirements in IFRS for SMEs were already simplified compared to those in full IFRS, our SME constituents generally considered that the requirements in IFRS for SMEs went unnecessarily beyond what was considered to be the typical information needs of stakeholders and were still overly sophisticated for small entities. This might undermine the relevance of IFRS for SMEs both locally and globally. The IASB might wish to reconsider whether the stated scope and accounting requirements of IFRS for SMEs were consistent with the objective of the standard.
1 April 2014HKFRS for Private Entities workshop will be held in May and June
20 March 2014

A new TUE on Islamic Finance will be held on 15 April 2014

20 March 2014

The AASC minutes of the meeting held on 18 February 2014 mainly covered:

  • Proposed Work Plan for 2014 and Update from Working Groups
  • HKSAE 3000 (Revised) Assurance Engagements Other than Audits or Reviews of Historical Financial Information and Related Conforming Amendments, and revised Hong Kong Framework for Assurance Engagements
  • IAASB Consultation Paper on Proposed Strategy for 2015-2019 and Proposed Work Program for 2015-2016
  • Proposed guidance on section 408 of the new Hong Kong Companies Ordinance
  • Revised PN 600.1 Reports by the Auditor under the Hong Kong Companies Ordinance and other auditing pronouncements
  • Update on proposed revised HKSIR 100 and HKSIR 200
  • Revised PN 850 Reporting on Flag Days and General Charitable Fund-raising Activities Covered by Public Subscription Permits issued by the Social Welfare Department
20 March 2014

The EC minutes of the meeting held on 29 October 2013

  • Report by Mr. Albert Au on his participation on IESBA Structure of the Code Working Group Meeting and presentation to IESBA at its September 2013 meeting
  • The participation by Mr. Albert Au in "Key Development in Ethics" Workshop during IFAC Council Meeting in November 2013
  • Status Report on Ethics Committee Work Plan 2013
  • The revisions to the Code in relation to the IESBA's issuance of "Change to the Definition of 'Those Charged with Governance' in, and Related Changes to, the Code of Ethics for Professional Accountants"
  • Revision to Ethics Circular 1 "Guidance for Small and Medium Practitioners on the Code of Ethics for Professional Accountants"
  • Plan to revise the Code in relation to the new Companies Ordinance
18 March 2014

Members' Handbook Update No. 143 contains updated Professional Accountants Ordinance (cap 50) and Professional Accountants By-laws (cap 50A)

17 March 2014The Institute sent comment letter to IESBA on its Consultation Paper of Proposed Strategy and Work Plan, 2014-2018. The Institute supported generally the proposed Strategy and Work Plan 2014-2018, including the four strategic themes and the four work streams for the period. The Institute believed the Strategy and Work Plan helped to maintain the Code of Ethics for Professional Accountants' relevance in a continually evolving regulatory and capital markets environment globally. The Institute had also highlighted some of the issues and recommendations for the Board's consideration.
12 March 2014Members' Handbook Update No. 142 contains revised HKSAE 3000 Assurance Engagements other than Audits or Reviews of Historical Financial Information and revised PN 850 Reporting on Flag Days and General Charitable Fund-raising Activities Covered by Public Subscription Permits issued by the Social Welfare Department
10 March 2014

The latest TechWatch Issue No. 137 is published

7 March 2014A new TUE on Revised Small and Medium-sized Entity Financial Reporting Framework and Financial Reporting Standard will be held on 13 May 2014
7 March 2014Members' Handbook Update No. 141 contains Small and Medium-sized Entity Financial Reporting Framework and Financial Reporting Standard (Revised) (SME-FRF & SME-FRS (Revised))
26 February 2014

The Institute will run a series of Technical Learning and Support Programme from March to May as follows:

 

  • TUE - Common questions by SMPs when applying Code of Ethics for Professional Accountants
  • TUE - Getting Practical with Internal Control
  • Workshop for Audit Staff/Audit Manager
  • Workshop on Quality Control
  • Audit Practice Manual Application workshop
26 February 2014Members' Handbook Update No. 139 and Update No. 140 contain the issuance of handbook improvements to HKFRSs; and revised Statement 1.102 Corporate Practices (Registration) Rules 2014 and Statement 1.102 (sch.) Schedule to the CPR Rules "Corporate Practices (Model Articles of Association)"  (March 2014)
24 February 2014Members' Handbook Update No. 138 contains the issuance of HKFRS 14 Regulatory Deferral Accounts
24 February 2014

The Institute issued AATB 4 - Guidance on section 408 of the Companies Ordinance which:

 

  • sets out the relevant sections in the CO to which the penalty sanctions apply;
  • considers the implications of those sections; and
  • provides guidance on the auditor's reporting for statutory purposes.
21 February 2014The Institute has issued an Invitation to Comment on ED of AB 5 Guidance for the Preparation of a Business Review under the Hong Kong Companies Ordinance Cap. 622, with comments requested by 22 April 2014
18 February 2014The Institute issued Staff Summary for Annual Improvements to HKFRSs - 2010-2012 Cycle and 2011-2013 Cycle
18 February 2014The Institute sent comment letter to the IASB on its ED of Equity Method in Separate Financial Statements (Proposed amendments to IAS 27). The Institute did not support the objective of the proposed consequential amendments to IAS 28.25 and considered the IASB should provide relief from full retrospective application to use the equity method to account for subsidiaries in the separate financial statements.
18 February 2014The Institute sent comment letter to the IASB on its DP of A Review of the Conceptual Framework for Financial Reporting and broadly agreed with the issues and welcomed in particular the attention on the definition of a liability as a "present obligation arising from past events". Also, the Institute had raised a number of concerns and recommendations.
13 February 2014

The latest TechWatch Issue No. 136 is published

11 February 2014

The Institute has issued Invitation to Comment on IASB Request for Information Post-Implementation Review: IFRS 3 Business Combinations, with comments requested by

30 April 2014

11 February 2014A new TUE on Getting Practical with Internal Control will be held on 25 March 2014
6 February 2014The Institute will hold Auditing and Ethics Seminar - Updates on developments in auditing and ethics standards on 17 February 2014
27 January 2014The Institute will re-run TUE on New Companies Ordinance – Financial reporting issues on 1 April 2014
21 January 2014The Institute has issued Invitation to Comment on ED on HKSIR 500 Reporting on Profit Forecasts, Statements of Sufficiency of Working Capital and Statements of Indebtedness, with comments requested by 20 March 2014
17 January 2014

The Institute will hold the following TUE, Workshops and Seminars in February and March:

 

9 January 2014

The latest TechWatch Issue No. 135 is published

9 January 2014The Institute will hold ICAC Workshop on Ethical Decision Making on 6 March 2014
20 December 2013

The Institute has issued two Invitations to Comment as follows:

 

20 December 2013

The AASC mintues of the meeting held on 19 November 2013 mainly covered:

 

  • Revised PN 810.2 The Duties of the Auditor of an Insurer authorized under the Insurance Companies Ordinance
  • Revised PN 860.1 The Audit of Retirement Schemes
  • Revised AATB 1 Assistance Options to New Applicants and Sponsors in connection with Due Diligence Obligations, including Internal Controls over Financial Reporting
  • ED on HKSIR 500 Reporting on Profit Forecasts, Statements of sufficiency of Working Capital and Statements of Indebtedness
  • Amending pronouncements arising from the new Companies Ordinance
  • Accountants' Report Sub-Committee
19 December 2013The Institute has issued an Invitation to Comment on IESBA Consultation Paper on Proposed Strategy and Workplan 2014-2018, with comments requested by 5 February 2014 
19 December 2013Members' Handbook Update No. 135 relates to the issuance of Defined Benefit Plans: Employee Contributions (Amendments to HKAS 19 (2011) Employee Benefits) and HKFRS 9 Financial Instruments (Hedge Accounting and amendments to HKFRS 9, HKFRS 7 Financial Instruments: Disclosures and HKAS 39 Financial Instruments: Recognition and Measurement )
19 December 2013The Institute will hold New TUE Sessions and Workshops from January to March 2014 and a Seminar on Ethics Circular 1 (Revised) on 23 January 2014
17 December 2013The Institue has issued an Invitation to Comment on IASB ED of Annual Improvements to IFRSs 2012-2014 Cycle, with comments requested by 14 February 2014
17 December 2013

The FRSC minutes of the meetings held on 1 August 2013 and 13 November 2013 mainly covered:

 

  • IASB Consultation Papers
  • Limited Invitation to Comment on Consultation Draft of SME-FRF & SME-FRS (Revised)
  • Companies Ordinance (Financial Reporting) Application Issues
  • Annual Accounting Update Conference 2013
  • Report on IFRS Advisory Council Meeting on 14-15 October 2013
  • Report on International Meetings
  • Forthcoming AOSSG Annual Meeting
  • IASB Discussion Paper on Conceptual Framework
10 December 2013

The latest  TechWatch Issue No. 134 is published

4 December 2013The Institute sent a comment letter to the IASB on its ED of Insurance Contracts and expressed concern on the proposals for insurance contract accounting may not result in financial information with reasonable understandability.
4 December 2013The Institute has issued an Invitation to Comment on IASB ED of Equity Method in Separate Financial Statements (Proposed Amendments to IAS 27), with comments requested by 3 January 2014.
4 December 2013The Institute will hold a seminar jointly with Securities and Futures Commission on 20 January 2014
3 December 2013The Institute has revised Auditing and Assurance Technical Bulletin 1 to provide assistance to new applicants and Sponsors in connection with due diligence by Sponsors in respect of initial listing applications.
26 November 2013Members' Handbook Update No. 134 contains revision to Code of Ethics, PN810.2 and PN860.1 and other editorial changes
22 November 2013The Institute sent a comment letter to the IAASB on its ED on Reporting on Audited Financial Statements: Proposed New and Revised ISAs. The Institute has concerns as to the extent of additional information provided particularly under key audit matters. In addition, given that other standard setters have also proposed changes to the auditor's report in their respective jurisdictions; the Institute would encourage the IAASB to liaise with them when finalizing the ISAs.
20 November 2013

The AASC minutes of the meeting held on 22 October 2013 mainly covered:

 

  • Revised PN 860.1 The Audit of Retirement Schemes
  • ISAE 3400 The Examination of Prospective Financial Information
  • Annual Auditing Update Conference 2013
  • The Global Accounting Alliance's Joint Thought Leadership Projects
  • IFAC Council Seminar on "The Drivers of Audit Quality"
  • Update on Section 408 Guidance
20 November 2013Revised Ethics Circular 1 - Guidance for Small and Medium Practitioners on the Code of Ethics for Professional Accountants is available
8 November 2013The Institute will hold TUE on HKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors on 5 December and Internal Control on 10 December. 8 November 2013
7 November 2013

The latest TechWatch Issue No. 133 is published

30 October 2013The Institute sent a comment letter to the IASB on its ED of Agriculture: Bearer Plants. The Institute supported the proposal to account for bearer plants as property, plant and equipment.
28 October 2013The Institute will hold workshops on Quality Control and Group Accounting in December 2013
24 October 2013

The AASC minutes of the meeting held on 16 July 2013 mainly covered:

 

  • ED on revised PN 860.1 The Audit of Retirement Schemes
  • Annual Auditing Update Conference 2013
16 October 2013A Workshop on Internal Control will be held on 18 November 2013
9 October 2013Online survey on IFAC's IAASB ED Reporting on Audited Financial Statements: Proposed New and Revised ISAs is available
9 October 2013

The latest TechWatch Issue No. 132 is published

8 October 2013The Institute issued an Invitation to Comment on IASB ED of IFRS for SMEs with comments requested by 20 January 2014 to clarify existing requirements or add supporting guidance in the IFRS for SMEs.
8 October 2013

A free Seminar on Ethics for Accountants will be jointly held by the Institute and ICAEW on 1 November 2013

7 October 2013A Workshop on Overview of Accounting for Group Restructuring and Certain Common Accounting Issues for Initial Public Offering will be held on 3 November 2013
4 October 2013The Institute will hold a Financial Reporting Seminar on 26 November 2013 to provide a comprehensive overview of the mineral and petroleum assets valuation profession with case study of valuations of a petroleum exploration and production company for M&A and financial reporting purposes.
3 October 2013

The Institute sent a comment letter to the IASB on its ED of Leases and expressed concerns on i) dual accounting model; ii) lease classification; iii) complexity of the proposals for lessors under the right-of-use model; and iv) cost of the proposals compared to the benefits.

16 September 2013The Institute issued Invitations to Comment on ED Revised Technical Bulletin AATB 1 Assistance Options to New Applicants and Sponsors in connection with Due Diligence Obligations, including Internal Controls over Financial Reporting and ED Revised PN 810.2 The Duties of the Auditor of an Insurer authorized under the Insurance Companies Ordinance, with comments requested by 16 October 2013
10 September 2013

The latest TechWatch Issue No. 131 is published

5 September 2013A Refresher Course on Current Auditing Standards will be held in November and December
4 September 2013

The Institute will hold a Financial Reporting Seminar on Property Valuation on 15 October 2013 to cover:

 

  • An overview of the property market in HK
  • Discussion on current HK government policies on the trend of property market
  • Introduction of valuation methodologies for properties
  • Impacts of HKFRS 13 Fair Value Measurement on valuation
  • Case studies
3 September 2013Members' Handbook Update No.133 contains revisions to the Code of Ethics in relation to "conflicts of interest" and "breach of a requirement"
2 September 2013The Institute sent a comment letter to the IASB on its ED of Regulatory Deferral Accounts. The Institute recommended the IASB to accelerate the peace on the project on rate-regulated activities with a view to developing interim, non-authoritative, guidance at first, which can then be refined and developed into a standard on accounting for the consequences of rate regulation in the medium-term.
29 August 2013

The Institute will hold the following workshops from October to November:

 

26 August 2013The Institute has issued two staff summaries of HKFRS on (i) HK(IFRIC) Interpretation 21 Levies; and (ii) list of new and amended Standards and Interpretations issued that are applicable to December 2013 year-end and beyond
20 August 2013

The Institute has issued a Limited Invitation to Comment on Consultation Draft of

SME-FRF & SME-FRS (Revised), with comments requested by 25 October 2013. The Institute only invites comments on the appropriateness to include in the SME-FRF & SME-FRS an option to relieve a group from consolidating one or more subsidiary undertakings if the company's directors are of the opinion that their inclusion would involve expense or delay out of proportion to the value to members of the company.

16 August 2013

Workshop on issues in Auditing PRC companies will be held on 26 October 2013 and cover:

 

  • Revenue recognition
  • Third party confirmations
  • Existence, ownership and valuation of assets
  • Related party transactions
  • Contractual arrangements
16 August 2013The Institute will hold HKFRS for Private Entities Workshop in December
8 August 2013

The latest TechWatch Issue No. 130 is published

2 August 2013Members' Handbook Update No.132 contains revisions to the Code of Ethics for Professional Accountants (Revised) by restoring the "encouraged to determine" wording, as in the IESBA Code of Ethics for Professional Accountants
31 July 2013Two TUEs on Code of Ethics for Professional Accountants and an Overview of Hedge Accounting under HKAS 39 will be held on 3 September and 9 September 2013, respectively
30 July 2013

The Institute will re-run Quality Assurance Forum on 27 September 2013 and cover:

 

  • Practice review outcomes in the past five years
  • Top ten myths about practice review
  • Top ten common findings in practice review
  • Special topic - audit of insurance brokers
  • Question & answer session
29 July 2013

The Institute sent a comment letter to the IASB on its ED of Defined Benefit Plans: Employee Contributions.

 

The Institute agreed with the IASB's proposals on the basis that they clarified the existing requirements in IAS 19 (2011) on accounting for contributions from employees or third parties and existing inconsistency in relation to the attribution of these contributions which would reduce potential divergence in practice and provide pragmatic solution to preparers.

29 July 2013

The Institute has issued an Invitation to Comment on IFAC's IAASB ED Reporting on Audited Financial Statements: Proposed New and Revised ISAs, with comments requested by 29 October 2013.

 

This ED seeks views from stakeholders in relation to the IAASB's proposals to enhance auditor reporting globally. This ED includes proposed new ISA 701 Communicating Key Audit Matters in the Independent Auditor's Report, and a number of proposed revised ISAs, including revisions to ISA 700 Forming an Opinion and Reporting on Financial Statements.

26 July 2013The Institute will hold a series of TUE on Accounting for Financial Instruments in September to November 2013 and this TUE series focuses on three topics including derivatives, compound financial instruments and hedge accounting
23 July 2013

The Institute has issued an Invitation to Comment on ED Revised PN 860.1 The Audit of Retirement Schemes, with comments requested by 23 September 2013.

 

PN 860.1 would be updated to align with pronouncements such as the clarified HKSAs, HKSAE 3000 and the current drafting conventions and other key changes include:

 

  • Alignment with wording set out in the ORSO and MPFSO
  • Updated Examples 1 to 8 in Appendix 1
  • Included Examples 9 and 10 for Approved Pooled Investment Funds in Appendix 1
  • Included Example Form A for ORSO in Appendix 2
19 July 2013

The Institute has issued an Invitation to Comment on IASB DP of Conceptual Framework, with comments requested by 16 December 2013.

 

This DP is designed to obtain initial views and comments on important issues that the IASB will consider as it develops an ED of a revised Conceptual Framework. The issues include:

 

  • definitions of assets and liabilities;
  • recognition and derecognition;
  • the distinction between equity and liabilities;
  • measurement;
  • presentation and disclosure; and
  • other comprehensive income.
16 July 2013The Institute sent a comment letter to the IASB on ED of Financial Instruments: Expected Credit Losses and had practical and operational concerns over the implementation of the expected credit loss models. The Institute recognised that an expected credit loss methodology was a theoretically appropriate approach to impairment and the proposed model was seeking to make that theoretically appropriate approach operational.
16 July 2013

The AASC minutes of the meeting held on 25 June 2013 mainly covered:

 

  • Revised PN 850 Reporting on Flag Days and General Charitable Fund-raising Activities Covered by Public Subscription Permits issued by the Social Welfare Department
  • Annual Auditing Update Conference 2013
16 July 2013Members' Handbook Update No. 131 contains the issuance of Novation of Derivatives and Continuation of Hedge Accounting (Amendments to HKAS 39 Financial Instruments: Recognition and Measurement)
15 July 2013

The Institute will re-run a workshop on Internal Control Systems and Corporate Governance Compliance for HK Listed Companies on 21 September 2013 covers:

 

  • Overview on Internal control
  • Steps in conducting internal control review
  • Importance of risk assessments
  • Type of control testing
  • On-going monitoring
  • Overview on corporate governance requirements for HK listed companies
  • Case study 
15 July 2013

The Institute will hold a Financial Reporting Forum on Developments in proposed IFRS on Insurance Contracts and Leases on 27 August 2013

12 July 2013

The IASB issued Guidance for Micro-sized Entities applying the IFRS for Small and Medium-sized Entities

11 July 2013

The Institute will hold a Financial Reporting Seminar: Valuation of intangibles covers:

 

  • Introduction to intangible assets and intellectual properties
  • HKAS 38 Intangible Assets and other financial reporting requirements
  • Common valuation methodologies
  • Methods of determining royalty rates
9 July 2013

The latest TechWatch Issue No. 129 is published

2 July 2013

New Technical Learning and Support Events from July to September 2013 is ready for enrolment and cover the following topics:

 

  • Code of Ethics for Professional Accountants
  • Application of HKFRS 2 Share-based Payments
  • Common application issues on HKFRS
  • Workshops for Audit Staff / Audit Manager
  • Audit Practice Manual Application Workshops
  • ICAC Workshop on Ethical Decision Making
  • Workshops for Group Accounting
  • HKFRS for Private Entities Workshops
  • Workshop on Quality Control
28 June 2013Invitation to Comment on IASB Exposure Draft of Agriculture: Bearer Plants (Proposed Amendments to IAS 16 and IAS 41)
27 June 2013Technical Learning and Support Programme from July 2013 to June 2014: An indicative list of topics
24 June 2013Invitation to comment on IASB Exposure Draft of Insurance Contracts
10 June 2013

TechWatch Issue No. 128

31 May 2013Institute comments on IASB Request for Information on Rate Regulation
30 May 2013Institute comments on IASB Exposure Draft of Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Proposed Amendments to IFRS 10 and IAS 28)
30 May 2013Institute comments on IASB Exposure Draft of Acquisition of an Interest in a Joint Operation (Proposed Amendment to IFRS 11)
30 May 2013Institute comments on IASB Exposure Draft of Novation of Derivatives and Continuation of Hedge Accounting
29 May 2013Circular on Reporting to Grantees of the Quality Education Fund
28 May 2013Invitation to Comment on IIRC Consultation Draft of the International Integrated Reporting Framework
22 May 2013Joint Seminar on AATB 3 (25 June)
22 May 2013Invitation to Comment on IASB Exposure Draft of Leases
9 May 2013

TechWatch Issue No. 127

19 April 2013Institute comments on IASB Exposure Draft of Clarification of Acceptable Methods of Depreciation and Amortisation (Proposed Amendments to IAS 16 and IAS 38)
19 April 2013

Institute comments on IASB Exposure Draft of Classification and Measurement: Limited Amendments to IFRS 9

30 April 2013Invitation to Comment on IASB Exposure Draft of Regulatory Deferral Accounts
17 April 2013New TUE and workshops in June
17 April 2013

Institute comments on IASB Exposure Draft of Annual Improvements to IFRSs 2011 – 2013 Cycle

17 April 2013Institute comments on IASB Exposure Draft of Recoverable Amount Disclosures for Non-Financial Assets (Proposed Amendments to IAS 36)
17 April 2013Institute comments on IASB Exposure Draft of Equity Method: Share of Other Net Asset Changes
11 April 2013

TechWatch Issue No. 126

3 April 2013Invitation to Comment on IASB Request for Information Rate Regulation
2 April 2013AATB 3 Implementation Guidance on Revised Hong Kong Standard on Investment Circular Reporting Engagements (HKSIR) 400 Comfort Letters and Due Diligence Meetings
28 March 2013Invitation to Comment on IASB Exposure Draft of Defined Benefit Plans: Employee Contributions (Proposed Amendments to IAS 19)
28 March 2013New TUE and workshop in April and May
20 March 2013Workshop on HKAS 36 Impairment of Assets (11 May 2013)
20 March 2013Financial Reporting Seminar on Convertible bonds - valuation issues (31 May 2013)
15 March 2013Online survey on IAASB Consultation Paper " A Framework for Audit Quality"
15 March 2013

Institute comments on IAASB's Exposure Draft on ISA 720 (Revised) The Auditor's Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditor's Report Thereon

13 March 2013Refresher course on current financial reporting standards in May and June
11 March 2013

TechWatch Issue No. 125

8 March 2013Invitation to Comment on IASB Exposure Draft of Financial Instruments: Expected Credit Losses
5 March 2013Financial Reporting Seminar on Business Valuation (30 April)
5 March 2013New TUE and Workshops in April 
1 March 2013Invitation to Comment on IASB Exposure Draft of Novation of Derivatives and Continuation of Hedge Accounting (Proposed Amendments to IAS 39 and IFRS 9)
28 February 2013Invitation to Comment on ED Revised Practice Note 810.1 Insurance Brokers – Compliance with the Minimum Requirements Specified by the Insurance Authority under Sections 69(2) and 70(2) of the Insurance Companies Ordinance
19 February 2013New TUE and Workshops in March and April
8 February 2013

TechWatch Issue No. 124

6 February 2013

Invitation to Comment on IVSC Discussion Paper Valuation of Liabilities

6 February 2013Invitation to Comment on IVSC Exposure Draft Amendments to the International Valuation Standards
31 January 2013New TUE and Internal control workshop in March
21 January 2013Invitation to Comment on IASB Exposure Draft of Recoverable Amount Disclosures for Non-Financial Assets (Proposed Amendments to IAS 36)
17 January 2013Invitation to Comment on IFAC's IAASB Consultation Paper A Framework for Audit Quality
11 January 2013

TechWatch Issue No.123

8 January 2013

Financial Reporting Seminar
Convertible bonds - valuation issues (26 February)

4 January 2013

Financial Reporting Forum – Developments in IFRS (22 January)

7 January 2013Institute comments on IVSC Discussion Paper Valuation of Trade Related Property
20 December 2012Technical Learning and Support Programme (Jan to Mar)
20 December 2012HKICPA/SFC Joint Seminar on The Audit of Licensed Corporations (4 February)
20 December 2012Invitation to Comment on ED Revised Practice Note 620.2 Communication between the Auditor and the Insurance Authority
19 December 2012Invitation to Comment on ED HKSAE 3420 Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus
17 December 2012Invitation to Comment on IASB Exposure Draft of Acquisition of an Interest in a Joint Operation (Proposed Amendment to IFRS 11)
17 December 2012Invitation to Comment on IASB Exposure Draft of Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Proposed Amendments to IFRS 10 and IAS 28)
17 December 2012Institute comments on IFRS Foundation Invitation to Comment on Proposal to Establish an Accounting Standards Advisory Forum
17 December 2012Institute comments on IESBA Exposure Draft on Responding to a Suspected Illegal Act
11 December 2012Workshop on HKAS 36 Impairment of Assets in January
7 December 2012

TechWatch Issue No.122

6 December 2012Invitation to Comment on IASB Exposure Draft Clarification of Acceptable Methods of Depreciation and Amortisation (Proposed Amendments to IAS 16 and IAS 38)
4 December 2012Institute comments on IVSC Discussion Paper of Valuations in the Extractive Industries
4 December 2012

Invitation to Comment on IVSC Discussion Paper Investment Property

4 December 2012Invitation to Comment on IASB Exposure Draft of Classification and Measurement: Limited Amendments to IFRS 9
4 December 2012

Institute comment on IASB Request for Information on Comprehensive Review of the IFRS for SMEs 

28 November 2012

Invitation to Comment on IASB Exposure Draft of Equity Method: Share of Other Net Asset Changes

23 November 2012Invitation to Comment on Exposure Draft Practice Note 750 Review of Financial Information under the Hong Kong Listing Rules for a Very Substantial Disposal
23 November 2012

Invitation to Comment on IASB Exposure Draft of Annual Improvements to IFRSs 2011-2013 Cycle

21 November 2012

Invitation to Comment on Exposure Draft Revised HKSIR 400 Comfort Letters and Due Diligence Meetings

21 November 2012

Invitation to Comment on IVSC Exposure Draft The Valuation of Forests 

21 November 2012

Invitation to Comment on IVSC Exposure Draft Valuation Uncertainty 

16 November 2012Institute comments on IASB Request for Information of Post-implementation Review: IFRS 8 Operating Segments
16 November 2012

Invitation to Comment on IFAC's IAASB Exposure Draft ISA 720 (Revised), The Auditor's Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and The Auditor's Report Thereon

13 November 2012Institute comments on IFRS Interpretations Committee Exposure Draft of Put Options Written on Non-Controlling Interests
9 November 2012

TechWatch Issue No.121

2 November 2012Institute comments on IESBA Exposure Draft on Proposed Change to the Definition of "Those Charged with Governance"
11 October 2012Institute comments on IAASB's Invitation to Comment: Improving the Auditor's Report
9 October 2012

TechWatch Issue No.120

5 October 2012Enrol now for the TUE sessions in November and December
4 October 2012Institute comments on IFRS Foundation Constitution – Drafting Review:  Separating the roles of the IASB Chair and the Executive Director
28 September 2012Enrol now for A Refresher Course on Current Auditing Standards
27 September 2012Institute comments on IVSC Exposure Draft of a Practical Guide on The Role of the Professional Valuer in the Audit Process
27 September 2012HKFRS for Private Entities Workshop (8, 13 and 16 December 2012) 
20 September 2012ICAC Workshop on Ethical Decision Making (1 November 2012)
18 September 2012Seminar on Proposed Amendment to the Code of Ethics (18 October 2012)
18 September 2012Register now for the Financial Reporting Forum - HKFRS 8 Operating Segments: Application issues
15 September 2012

Register now for the Financial Reporting Seminar on valuation for property and share-based payment  in November and December

14 September 2012

Institute comments on IFRS Interpretations Committee Exposure Draft of Levies Charged by Public Authorities on Entities that Operate in a Specific Market

14 September 2012

Institute comments on IFRS Foundation Invitation to Comment on Foundation Due Process Handbook

11 September 2012Institute comments on IASB Exposure Draft of Proposed Improvements to IFRSs (Fifth Set)
10 September 2012

TechWatch Issue No.119

27 August 2012Register now for the HKICPA/IASB Roundtable - Share your experience on IFRS 8 (27 September 2012)
24 August 2012Invitation to Comment on IFAC’s International Ethics Standards Board for Accountants (IESBA) Exposure Draft on Responding to a Suspected Illegal Act
23 August 2012

Register now for the TUE sessions in September and October

17 August 2012

Joint Financial Reporting Forum: HKFRS 10 for asset managers – should a fund manager consolidate its managed funds?

14 August 2012New technical training events in October and November
10 August 2012

TechWatch Issue No.118

8 August 2012

Invitation to Comment on IVSC Discussion Paper The Valuation of Trade Related Property

7 August 2012Seminar on Revised Code of Ethics (9 October 2012)
2 August 2012Enrol now for the workshops for Group Accounting in October
30 July 2012

Invitation to Comment on IFRS Foundation Constitution – Drafting Review: Separating the Role of the IASB Chair and the Executive Director

26 July 2012

Invitation to Comment on IASB Request for Information of Post-Implementation Review: IFRS 8 Operating Segments

26 July 2012

Invitation to Comment on IVSC Discussion Paper Valuation in the Extractive Industries

26 July 2012Invitation to Comment on IFAC’s International Ethics Standards Board for Accountants (IESBA) Exposure Draft on Proposed Change to the Definition of "Those Charged with Governance"
20 July 2012ICAC workshop on Ethical Decision Making (1 September)
10 July 2012 TechWatch Issue No.117
9 July 2012Register now for the Financial Reporting Seminar 
Valuation for HKFRS 2 Share-based Payment
3 July 2012

Invitation to Comment on IFAC’s International Auditing and Assurance Standards Board (IAASB) Invitation to Comment: Improving the Auditor's Report

29 June 2012

Invitation to Comment on IASB Request for Information of Comprehensive Review of the IFRS for SMEs

22 June 2012

Invitation to Comment on IVSC Exposure Draft of a Practical Guide on The Role of the Professional Valuer in the Audit Process

18 June 2012Enrol now for the Technical training and support programme (July to September)
7 June 2012

TechWatch Issue No.116

6 June 2012

Invitation to Comment on IFRS Interpretations Committee Exposure Draft of Levies Charged by Public Authorities on Entities that Operate in a Specific Market

6 June 2012

Invitation to Comment on IFRS Interpretations Committee Exposure Draft of Put Options Written on Non-Controlling Interests

22 May 2012

Institute comments on IESBA Exposure Draft of Proposed Change to the Definition of "Engagement Team"  

11 May 2012

Invitation to Comment on IFRS Foundation Consultation Document of Due Process Handbook

9 May 2012TechWatch Issue No.115
8 May 2012Invitation to Comment on IASB Exposure Draft of Proposed Improvements to IFRSs (Fifth set)
2 May 2012A Refresher Course on Current Financial Reporting Standards in June
30 April 2012Enrol now for the Technical Training and Support Programme (May and June)
17 April 2012Institute comments on HKEx Consultation Paper of Environmental, Social and Governance (ESG) Reporting Guide
12 April 2012TechWatch Issue No. 114
3 April 2012Institute comments on IESBA Exposure Draft of Proposed Changes to the Code of Ethics for Professional Accountants Addressing Conflicts of Interest
26 March 2012Institute comments on IASB Exposure Draft of Transition Guidance (Proposed amendments to IFRS 10)
21 March 2012Institute comments on IASB Exposure Draft of Revenue from Contracts with Customers (as issued in November 2011) – FASB File reference No. 2011-230
14 March 2012Auditing and Assurance Technical Bulletin (AATB) 2 "Guidance to the Auditor when Responding to Questions at an Annual General Meeting" (March 2012)
12 March 2012

TechWatch Issue No. 113

1 March 2012

Invitation to Comment on IFAC’s International Ethics Standards Board for Accountants (IESBA) Exposure Draft On Proposed Changes to the Code of Ethics Definition of "Engagement Team"

20 February 2012

Additional workshops for audit manager and audit practice manual application in March

15 February 2012

Financial reporting seminar on business valuation in March (Re-run)

10 February 2012

Institute comments on SME Implementation Group Draft Question and Answers on  Draft Question and Answer (Section 30, Issue 1 & Section 11, Issue 1)

8 February 2012Additional sessions for TUE and Workshop on Private Entities (March and April)
7 February 2012TechWatch Issue No. 112
26 January 2012

Institute comments on IESBA Exposure Draft of Proposed Changes to the Code of Ethics for Professional Accountants Related to Provisions Addressing a Breach of a Requirement of the Code

16 January 2012Institute comments on IASB Exposure Draft of Investment Entities
16 January 2012

Institute comments on IASB Exposure Draft of Government Loans (Proposed amendments to IFRS 1)

11 January 2012Register now for the Financial Reporting Forum - IASB Talks about the Exposure Draft of Revenue from Contracts with Customers (13 February)
11 January 2012TechWatch Issue No. 111
4 January 2012Alert on professional scepticism and audit of mainland companies - January 2012
22 December 2011Invitation to Comment on IFAC’s International Ethics Standards Board For Accountants (IESBA) Exposure Draft on Proposed Changes to the Code of Ethics for Professional Accountants to Address Conflicts of Interest
22 December 2011Invitation to Comment on IASB Exposure Draft of Transition Guidance (Proposed Amendments to IFRS 10)
21 December 2011Register now for the Financial Reporting Forum - IASB Re-expose Revenue from Contracts with Customers (8 February 2012)
16 December 2011Institute comments on IIRC Discussion Paper: TOWARDS INTEGRATED REPORTING Communicating Value in the 21st Century
16 December 2011Ethics Circular 1 - Guidance for Small and Medium Practitioners on the Code of Ethics for Professional Accountants
14 December 2011Register now for the Forum on the Consultation Paper on Eligibility for the use of SME-FRF & SME-FRS (10 January 2012)
13 December 2011Institute comments on SME Implementation Group Draft Question and Answer (General, Issue 1-2 and Section 3, Issue 1-3)
13 December 2011Institute comments on IASB Request for Views on Agenda Consultation
9 December 2011TechWatch Issue No. 110
6 December 2011Technical Training and Support Programme (January - March 2012)
6 December 2011Consultation Paper on Eligibility for the use of Small and Medium-Sized Entity Financial Reporting Framework and Financial Reporting Standard
1 December 2011

Register now for the Financial Reporting Seminar on Business Valuation

30 November 2011

Invitation to Comment on SME Implementation Group Draft Question and Answer on Section 30, Issue 1 and Section 11, Issue 1

16 November 2011 

Invitation to Comment on IASB Exposure Draft of Revenue from Contracts with Customers 

15 November 2011A Refresher Course on Current Auditing Standards (December) – Enrol Now!
14 November 2011Register now for the additional workshop for APM (12 December 2011)
9 November 2011

TechWatch Issue No. 109

28 October 2011

Invitation to Comment on IFAC's International Ethics Standards Board For Accountants (IESBA) Exposure Draft on Proposed Changes to the Code of Ethics for Professional Accountants Related to Provisions Addressing a Breach of a Requirement of the Code

27 October 2011Invitation to Comment on IASB Exposure Draft of Government Loans (Proposed amendments to IFRS 1)
26 October 2011

Institute comments on IASB Exposure Draft of Mandatory Effective Date of IFRS 9

26 October 2011

Institute comments on IASB Exposure Draft of Proposed Improvements to IFRSs (Fourth Set)

19 October 2011

Chinese versions of standard Bank Confirmation Request Form are now available

19 October 2011Invitation to Comment on Exposure Draft on Revised Practice Note 830 Reports By the Auditor Under the Banking Ordinance
19 October 2011HKICPA/SFC Joint Seminar on The Audit of Licensed Corporations (29 November 2011) - Enrol Now!
11 October 2011Register now for the new sessions for TUE and HKFRS for Private Entities Workshop (Nov 2011- Jan 2012)
10 October 2011TechWatch Issue No. 108
4 October 2011Invitation to Comment on SME Implementation Group Draft Question and Answers
28 September 2011Register now for the Two Additional Training Workshops for Audit Manager ( 21 November 2011 and 4 January 2012)
23 September 2011Invitation to Comment on International Integrated Reporting Committee (IIRC) Discussion Paper Towards Integrated Reporting – Communicating Value in the 21st Century
9 September 2011

TechWatch Issue No.107

5 September 2011

Institute comments on IAASB proposed ISAE 3000 (Revised) Assurance Engagements Other Than Audits or Reviews of Historical Financial Information and Proposed Consequential Amendments

30 August 2011

Invitation to Comment on IASB Exposure Draft of Investment Entities

18 August 2011

Open for enrolment : Technical training and support programme 2011 (October to December)

9 August 2011

Invitation to Comment on IASB Exposure Draft of Mandatory Effective Date of IFRS 9

5 August 2011TechWatch Issue No. 106
28 July 2011Invitation to Comment on IASB Request for Views on Agenda Consultation 2011
13 July 2011TechWatch Issue No. 105
30 June 2011Institute comments on IAASB Discussion Paper on The Evolving Nature of Financial Reporting: Disclosure and its Audit Implications
29 June 2011Register now for the Financial reporting forum 2011 – stay tuned for developments of IFRS with new IASB Chairman, Hans Hoogervorst on 29 July 2011
27 June 2011Invitation to comment on IASB Exposure Draft of Proposed Improvements to IFRSs (Fourth Set)
22 June 2011Institute comments on SME Implementation Group Question and Answer on
IFRS for SMEs Section 1, Issue 2 – Captive insurance subsidiaries
IFRS for SMEs Section 1, Issue 3 – Interpretation of ‘traded in a public market’
IFRS for SMEs Section 1, Issue 4 – Investment funds with only a few participants
8 June 2011

TechWatch Issue No. 104

1 June 2011

Invitation to Comment on Exposure Draft on Revised Practice Note 600.1 Reports by Auditors under the Hong Kong Companies Ordinance

31 May 2011

Institute comments on IVSC Exposure Draft of Technical Information Paper 2 Depreciated Replacement Cost

31 May 2011

Institute comments on IAASB Proposed International Standard on Review Engagements 2400 (Revised) Engagements to Review Historical Financial Statements

20 May 2011Invitation to comment on IFAC's International Auditing and Assurance Standards Board (IAASB) Consultation Paper on Enhancing the Value of Auditor Reporting: Exploring Options for Change
13 May 2011Invitation to Comment on Proposed ISAE 3000 (Revised), Assurance Engagements Other Than Audits or Reviews of Historical Financial Information
11 May 2011TechWatch Issue No. 103
6 May 2011Register now for the Lunch Forum on implementation of Revised Code of Ethics from SMP perspective: – provision of non-assurance services (24 May 2011)
5 May 2011Institute comments on IVSC Exposure Draft of Technical Information Paper 1 The Discounted Cash Flow (DCF) Method – Real Property and Business Valuations
5 May 2011

Institute comments on IASB Exposure Draft of Offsetting Financial Assets and Financial Liabilities

29 April 2011

Invitation to Comment on IFRS Foundation Report of The Trustee's Strategy Review – IFRSs as the Global Standard: Setting a Strategy for the Foundation's Second Decade

18 April 2011

Invitation to Comment on SME Implementation Group Question and Answers

14 April 2011

Institute comments on IFRS Foundation Monitoring Board - Consultative Report on the Review of the
IFRS Foundation's Governance

13 April 2011

The Institute would like to invite interested parties to participate in an online questionnaire from the Australian Accounting Standards Board

11 April 2011

TechWatch Issue No.102

8 April 2011

Institute comments on IASB Supplement to Exposure Draft of Financial Instruments: Impairment

6 April 2011

Institute comments on Proposed IAASB Strategy and Work Program for 2012-2014

6 April 2011

Institute comments on IAASB Proposed International Standard on Related Service 4410 (Revised) Compilation Engagements

6 April 2011

Institute comments on SME Implementation Group Question and Answer on Use of IFRS for SMEs in Parent's Separate Financial Statements

31 March 2011

Institute comments on IASB's post-implementation reviews

31 March 2011

Invitation to Comment on IVSC Exposure Draft of Technical Information Paper 2 Depreciated Replacement Cost

25 March 2011

Institute comments on  Exposure Draft of IFAC – Policy Position Paper #4, A Public Interest Framework for the Accountancy Profession

21 March 2011

Invitation to Comment on Exposure Draft of Code of Ethics for Professional Accountants – Part E Insolvency Practitioners Section 500 Professional Ethics in Liquidation and Insolvency

14 March 2011

Institute comments on IASB Exposure Draft of Hedge Accounting

8 March 2011

TechWatch Issue No. 101

4 March 2011

Invitation to Comment on IVSC Exposure Draft of Technical Information Paper 1 The Discounted Cash Flow Method – Real Property and Business Valuations

1 March 2011

Institute comments on IFRS Foundation Paper for Public Consultation – Status of Trustee's Strategy Review

25 February 2011

Invitation to Comment on IASB Question and Answer on Use of IFRS for SMEs in Parent's Separate Financial Statements

15 February 2011

Institute comments on IAASB Proposed Amendments to IAPS and Proposed IAPS 1000 Special Considerations in Auditing Complex Financial Instruments

15 February 2011Institute comments on IASB Request for views on Effective Dates and Transition Methods
9 February 2011TechWatch Issue No.100
9 February 2011Invitation to Comment on IFRS Foundation Monitoring Board Paper for Public Consultation – Consultative Report on The Review of The IFRS Foundation's Governance
1 February 2011Invitation to Comment on IASB Supplement to Exposure Draft of Financial Instruments: Impairment
1 February 2011Invitation to Comment on IASB Exposure Draft of Offsetting Financial Assets and Financial Liabilities
26 January 2011Invitation to Comment on IAASB Discussion Paper on The Evolving Nature of Financial Reporting: Disclosure and its Audit Implications
21 January 2011Invitation to Comment on ISRE Exposure Draft on Proposed ISRE 2400 Engagements to Review Historical Financial Statements
19 January 2011Invitation to Comment on ISAE Exposure Draft on Proposed ISAE 3410 Assurance Engagements on Greenhouse Gas Statements
12 January 2011Illustrative disclosures in respect of Hong Kong Interpretation 5 Presentation of Financial Statements – Classification by the Borrower of a Term Loan that Contains a Repayment on Demand Clause
11 January 2011Invitation to Comment on IAASB Consultation Paper on Proposed Strategy and Work Program for 2012-2014
11 January 2011TechWatch Issue No. 99
24 December 2010Institute comments on IVSC Discussion Paper Valuation Uncertainty
23 December 2010Invitation to Comment on IFAC Exposure Draft on IFAC Policy Position Paper #4, A Public Interest Framework for the Accountancy Profession
20 December 2010Institute comments on IASB Exposure Draft of Leases
13 December 2010TechWatch Issue No. 98
13 December 2010Invitation to comment on IASB Exposure Draft of Hedge Accounting
6 December 2010Institute comments on IFRS Interpretations Committee Exposure Draft of Stripping Costs in the Production Phase of a Surface Mine
30 November 2010 Institute comments on IASB Exposure Draft of Insurance Contracts
30 November 2010Institute comments on IFRS Foundation Consultation Document on The annual improvements process: Proposals to amend the Due Process Handbook for the IASB
29 November 2010Financial and Auditing Alert Issue 11 - HK Interpretation 5 Presentation of Financial Statements – Classification by the Borrower of a Term Loan that Contains a Repayment on Demand Clause
26 November 2010 Register now for the Lunch Forum on HK Interpretation 5 (10 December 2010)
19 November 2010Institute comments on IAASB EDs on Proposed ISA 315 (Revised) and ISA 610 (Revised)
9 November 2010Invitation to Comment on IFRS Foundation Paper for Public Consultation – Status of Trustee's Strategy Review
9 November 2010Institute comments on IASB Exposure Draft of Deferred Tax: Recovery of Underlying Assets (Proposed Amendments to IAS 12)
9 November 2010TechWatch Issue No. 97
3 November 2010Invitation to Comment on IAASB Exposure Draft on Proposed ISRS 4410 (Revised) Compilation Engagements
1 November 2010Invitation to comment on Exposure Draft on Revised Practice Note 820 The Audit of Licensed Corporations and Associated Entities of Intermediaries
28 October 2010Register now for the Joint Seminar with SFC on The Audit of Licensed Corporations (23 November 2010)
27 October 2010Institute comments on IASB Exposure Draft of Removal of Fixed Dates for First-time Adopters (Proposed Amendments to IFRS 1)
27 October 2010Institute comments on IASB Exposure Draft of Revenue from Contracts with Customers
26 October 2010Invitation to Comment on IVSB Discussion Paper Valuation Uncertainty
22 October 2010Invitation to Comment on IASB Request for Views on Effective Dates and Transition Methods
20 October 2010Invitation to Comment on IAPS 1000 Special Considerations in Auditing Complex Financial Instruments and Clarification of the Status and Authority of New IAPSs
8 October 2010TechWatch Issue No. 96
8 October 2010Institute comments on IASB Exposure Draft of Presentation of Items of Other Comprehensive Income (Proposed Amendments to IAS 1)
6 October 2010Institute comments on IAASB Exposure Draft on ISAE 3420 Assurance Reports on the Process to Compile Pro Forma Financial Information Included in a Prospectus
6 October 2010Institute comments on FASB Proposed Accounting Standards Update Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities (File reference No. 1810-100)
5 October 2010Invitation to Comment on IASB Exposure Draft of Severe Hyperinflation (Proposed Amendment to IFRS 1)
30 September 2010Invitation to Comment on Exposure Draft on Proposed Revised HKSIR 400 Comfort Letters and Due Diligence Meetings on Financial and Non-financial Information
28 September 2010Register now for the HKICPA/ICAEW Financial Reporting Forum 2010 (15 November 2010)
16 September 2010Register now for the training workshop (November to December) on the revised Audit Practice Manual which will be issued by end of October 2010
13 September 2010Invitation to Comment on IASB Exposure Draft of Deferred Tax: Recovery of Underlying Assets (Proposed Amendments to IAS 12)
13 September 2010Institute comments on IASB Exposure Draft of Measurement Uncertainty Analysis Disclosure for Fair Value Measurements
10 September 2010TechWatch Issue No. 95
10 September 2010Institute comments on IASB Exposure Draft of Proposed Amendments to IAS 19 – Defined Benefit Plans
8 September 2010Invitation to comment on Exposure Draft of Hong Kong Interpretation 5 Presentation of Financial Statements – Classification by the Borrower of a Term Loan that contains a Repayment on Demand Clause
7 September 2010Institute comments on IVSC Exposure Draft of Proposed New International Valuation Standards
2 September 2010Invitation to comment on IFRS Foundation Consultation Document of The Annual Improvements Process: Proposals to amend the Due Process Handbook for the IASB
30 August 2010

Invitation to comment on IFRS Interpretations Committee Exposure Draft of Stripping Costs in the Production Phase of a Surface Mine

30 August 2010Invitation to comment on IASB Exposure Draft of Removal of Fixed Dates for First-Time Adopters (Proposed Amendments to IFRS 1)
19 August 2010Invitation to comment on IASB Exposure Draft of Leases
9 August 2010TechWatch Issue No. 94
5 August 2010Institute comments on IASB Discussion Paper on Extractive Activities
2 August 2010Invitation to comment on IASB Exposure Draft of Insurance Contracts
21 July 2010Invitation to Comment on IAASB Exposure Draft on Proposed ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment and ISA 610 (Revised), Using the Work of Internal Auditors
21 July 2010Institute comments on IASB Exposure Draft on Fair Value Option for Financial Liabilities
21 July 2010Institute comments on IASB Exposure Draft on Conceptual Framework for Financial Reporting: The Reporting Entity
14 July 2010Institute comments on IASB Exposure Draft on Financial Instruments: Amortised Cost and Impairment 
13 July 2010TechWatch Issue No. 93
5 July 2010Invitation to comment on IASB Exposure Draft of Measurement Uncertainty Analysis Disclosure for Fair Value Measurements
29 June 2010Invitation to comment on IASB Exposure Draft of Revenue from Contracts with Customers
23 June 2010Register now for the financial reporting forum – stay tuned for developments of IFRSs with Chairman of the IFRS Interpretations Committee, Robert Garnett (22 July 2010)
17 June 2010Register now for the additional re-run workshops on HKFRS for Private Entities in August
15 June 2010Institute to comments on IESBA Exposure Draft on Strategy and Work Plan 2010 -2012
8 June 2010Invitation to comment on IVSC Exposure Draft Proposed New International Valuation Standards
7 June 2010TechWatch Issue No. 92
3 June 2010Invitation to comment on IASB Request for Comment on FASB Financial Instruments Exposure Draft
2 June 2010Invitation to comment on IASB  Exposure Draft of Presentation of Items of Other Comprehensive Income (Proposed Amendments to IAS 1)
24 May 2010Institute comments on IASB Exposure Draft on Measurement of Liabilities in IAS 37
13 May 2010Invitation to comment on IASB Exposure Draft of Fair Value Option for Financial Liabilities
10 May 2010TechWatch Issue No. 91
6 May 2010Invitation to Comment on IAASB Exposure Draft on Proposed ISAE 3420 Assurance Reports on the Process to Compile Pro Forma Financial Information Included in a Prospectus
3 May 2010Invitation to comment on IASB Exposure Draft of Proposed Amendments to IAS 19 —Defined Benefit Plans
20 April 2010

Register now for the Auditing and Assurance Standards Forum – Stay tuned for the developments of auditing standards and guidance with Chairman of IAASB, Prof. Arnold Schilder on 20 May 2010

13 April 2010TechWatch Issue No. 90
8 April 2010Invitation to Comment on IFAC's International Ethics Standards Board for Accountants (IESBA) Exposure Draft on Proposed Strategy and Work Plan, 2010-2012
8 April 2010Invitation to comment on IASB of Discussion Paper on Extractive Activities
22 March 2010The deadline of Invitation to Comment on IASB Exposure Draft of Measurement of Liabilities in IAS 37 has been extended to 3 May 2010
16 March 2010Invitation to comment on IASB Exposure Draft of Conceptual Framework for Financial Reporting: The Reporting Entity
4 March 2010Institute comments on IASB Exposure Draft on Management Commentary
4 March 2010TechWatch Issue No.89
8 February 2010TechWatch Issue No. 88
19 January 2010Financial Reporting Lunch Forum - HKFRS for Private Entities as a financial reporting option (February 2010)
19 January 2010HKFRS for Private Entities - Overview Session (March 2010)
8 January 2010Invitation to comment on IASB Exposure Draft of Measurement of Liabilities in IAS 37
6 January 2010TechWatch Issue No. 87
23 December 2009Institute comments on IASB Exposure Draft of Proposed Amendment to IFRS 1 - Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters
17 December 2009Financial and Auditing Alert Issue 5 - PN 820 The Audit of Licensed Corporations and Associated Entities of Intermediaries
17 December 2009HKICPA/SFC Seminar on The Audit of Licensed Corporations on 19 January 2010 - Reserve your seats now
14 December 2009Register now for the New TUE Programme from January to March 2010
9 December 2009Institute comments on IASCF Discussion Document of Part 2 of the Constitution Review – Proposals for Enhanced Public Accountability
7 December 2009TechWatch Issue No. 86
1 December 2009Invitation to comment on IASB Exposure Draft of Proposed Amendments to IFRS 1 - Limited Exemption from Comparatives IFRS 7 Disclosures for First- time Adopters
1 December 2009Invitation to comment on Exposure Draft of Practice Note 610 Guidance on the Determination of Realised Profits and Losses in the Context of Distributions Under the Hong Kong Companies Ordinance
27 November 2009Institute comments on IASB Exposure Draft of Proposed Improvements to IFRSs (Third Set)
27 November 2009Institute comments on IASB Exposure Draft on Rate-regulated Activities
19 November 2009Register now for the Financial Reporting Forum on HKFRS 9 Financial Instruments
10 November 2009Invitation to comment on IASB Exposure Draft of Financial Instruments: Amortised Cost
and Impairment
6 November 2009TechWatch Issue No. 85
29 October 2009Seminar on Exposure Draft of Practice Note 740 "Auditor's letter on Continuing Connected Transactions under the Hong Kong Listing Rules" – 24 November 2009
28 October 2009Invitation to Comment on IFAC's IAASB Consultation Paper on Assurance on a Greenhouse Gas Statement
28 October 2009Invitation to Comment on Practice Note 740 "Auditor's letter on Continuing Connected Transactions under the Hong Kong Listing Rules"
22 October 2009Invitation to Comment on IAASB Consultation Paper "Auditing Complex Financial Instruments"
19 October 2009Institute comments on IASB Exposure Draft on Fair Value Measurement
15 October 2009TechWatch Issue No. 84
21 September 2009Financial Reporting Forum 2009 - Stay tuned for the developments of HKFRS / IFRS
14 September 2009Institute comments on IASB Exposure Draft on Financial Instruments: Classification and Measurement
7 September 2009TechWatch Issue No. 83
4 September 2009Institute comments on IASB Exposure Draft of Proposed Amendments to IAS 32 – Classification of Rights Issues
1 September 2009Institute comments on IASB Discussion Paper on Credit Risk in Liability Measurement
1 September 2009Institute comments on IASB Request for Information ("Expected Loss Model") Impairment of Financial Assets: Expected Cash Flow Approach
1 September 2009HKEx - Consultation Paper on Certified Emission Reduction ("CER") Futures
1 September 2009HKEx - Consultation Paper on proposed changes to filing and checklist requirements for listing of equity securities
28 August 2009Invitation to Comment on IASB Exposure Draft of Proposed Improvements to IFRSs (Third Set)
21 August 2009Invitation to Comment on IASB Exposure Draft of Proposed Amendments to IAS 19 – Discount Rate for Employee Benefits
7 August 2009TechWatch Issue No. 82
7 August 2009Invitation to Comment on IFRIC Draft Interpretation: D25 Extinguishing Financial Liabilities with Equity Instruments
7 August 2009Invitation to Comment on IASB Exposure Draft of Proposed Amendments to IAS 32 – Classification of Rights Issues
4 August 2009Financial Reporting Forum on IASB Exposure Drafts on IAS 39 Replacement and Fair Value Measurement (FRF 8)