| Standard setting
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| Invitation to comment
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| The Institute is seeking comments on the Exposure Draft Proposed Amendments to Accounting Guideline 5 Merger Accounting for Common Control Combinations by 16 October.
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| IASB July 2020 podcast and update
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| The July podcast, focusing on the International Accounting Standards Board’s (IASB) discussions at its monthly meeting, and the July Update newsletter, highlighting the tentative decisions reached at that meeting, are now available.
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| IASB two-part webcast on IFRS 17
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| The IASB’s two-part webcast, providing an overview of the June 2020 amendments to International Financial Reporting Standard (IFRS) 17 Insurance Contracts is now available. The webcast consists of two parts:
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| Recording of IASB webinar on Exposure Draft General Presentation and Disclosures
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| The Putonghua recording is now available for the third in a series of webinars held by the IASB covering the detailed proposals in Exposure Draft ED/2019/7 for disaggregation, analysis of operating expenses, and unusual income and expenses. Members can submit their comments on the ED by 21 August.
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| IASB webinar on second comprehensive review of the IFRS for SMEs Standard
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| On 17 August, staff of the IASB will hold two repeated live webinars on the second comprehensive review of the IFRS for SMEs Standard. The IASB published a Request for Information: Comprehensive Review of the IFRS for SMEs Standard (RFI) to seek views on whether and how to align the IFRS for SMEs Standard with full IFRSs in January 2020. Members can submit comments on the RFI by 11 September.
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| Invitation to comment
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| The Institute is seeking comments on:
- The IAASB Exposure Draft ISA 600 (Revised) Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors) and Proposed Conforming and Consequential Amendments to Other ISAs by 14 August.
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| IAASB auditor reporting post-implementation review
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| The IAASB invites interested stakeholders to complete an online survey on their experiences and feedback on the Auditor Reporting Standards by 23 October.
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| Revision to suggested Chinese translation of unmodified auditor's reports
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| The Institute has revised the suggested Chinese translation of unmodified auditor’s reports to conform to HKSA 700 (Revised) Forming an Opinion and Reporting on Financial Statements revised in July 2020.
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| IAASB audit considerations for the impact of COVID-19
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| The IAASB Chair provides an update to the IAASB’s COVID-19 response.
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| IFAC webinar series on practical audit quality considerations
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| In this webinar, a panel of audit experts shared their perspectives and practical insights on auditor reporting in the pandemic environment, and reflected generally on lessons learned over the last few months. A summary of key takeaways from the discussion is also available.
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| Invitation to comment
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| The Institute is seeking comments on:
- Exposure Draft Code of Ethics for Professional Accountants – Chapter G Section 100 Professional Ethics Relevant to Anti-Money Laundering and Counter-Terrorist Financing Compliance for Accounting Professionals by 28 August.
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| The IESBA’s July meeting
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| Audio recordings of the International Ethics Standards Board for Accountants’ (IESBA) July virtual meeting are now available.
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| Applying the code of ethics conceptual framework in COVID-19 circumstances
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| Staff of the Accounting Professional & Ethical Standards Board and the IESBA released a publication to provide guidance on the application of the conceptual framework in the International Code of Ethics for Professional Accountants (including International Independence Standards) to scenarios for professional accountants in practice and in business relating to taxation and valuation arising due to the pandemic.
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| lFAC Exploring the IESBA Code 8: Responding to non-compliance with laws and regulations for PAIBs
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| This eighth instalment of Exploring the IESBA Code explains the actions that professional accountants in business are expected to take when they become aware of, or suspect a non-compliance with laws and regulations within their employing organizations.
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