Important
Notice

The Hong Kong Institute of Certified Public Accountants announced that from Wednesday 15 July 2020 until further notice, the closure of the library facilities and the adjustment of the services hours of the counter on the 27th floor from 11:00 a.m. to 3:00 p.m. from Monday to Friday, whilst counter services hours on Saturday remains unchanged (from 9:00 a.m. to 12:00 noon).


In addition, all face-to-face CPD courses and member events from 15 to 31 July will be cancelled. We will closely monitor the situation to determine whether it is necessary to extend these measures. Arrangements for future events and refunds will be advised in due course.

 

Please click here to view the list of cancelled events.

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International Accounting Standards Board

Close coordination between the Institute and the International Accounting Standards Board is important to the success of achieving convergence of HKFRSs with IFRSs. The council of the Hong Kong Institute of Certified Public Accountants has aligned the Institute’s due processes, including the timing of issuing exposure drafts, standards and interpretations, as close as possible to the IASB’s processes as a result of its convergence policy.

IFRSs are set by the IASB, the independent standard-setting body of the International Accounting Standards Committee Foundation. IFRSs are developed following an international consultation process, involving interested individuals and organizations from around the world and with the support of an external advisory council, the Standards Advisory Committee.

The International Financial Reporting Interpretations Committee develops guidance to promote consistent practice.

Please click here to access further details about IASB.

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