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Handbook Update No. 344 relates to the issuance of PN 831, Reporting on Reserve Assets of Licensed Stablecoin Issuers under the Stablecoins Ordinance. PN 831 provides guidance to auditors on their reporting responsibilities in relation to the independent attestation of reserve assets of licensed stablecoin issuers.
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The Institute is seeking comments on the International Accounting Standards Board’s (IASB) Exposure Draft Consolidation Exception (Proposed amendments to the IFRS for SMEs Accounting Standard) by 7 August.
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Extension of comment period
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The Institute has extended the local comment deadline for the IASB’s Exposure Draft Risk Mitigation Accounting to 30 September, following the IASB’s decision to extend its comment period to align with the deadline for submitting the fieldwork results.
The additional time will allow entities undertaking fieldwork to consider those findings when preparing their comment letters and will also allow entities applying the hedge accounting requirements in IAS 39 Financial Instruments: Recognition and Measurement to consider the effects of the proposed withdrawal.
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The Institute’s Financial Reporting Standards Committee meeting minutes
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Minutes of the April 2026 meeting are now available.
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HKFRS 18 Navigator – Issue 4 now available
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Our latest Navigator explores management‑defined performance measures (MPMs) under HKFRS 18 Presentation and Disclosure in Financial Statements.
- What qualifies as an MPM and how to identify it
- Key disclosure requirements and practical implications
- Important considerations for implementation, including audit and comparatives
Read the full issue for clear explanations and practical insights to support your adoption of HKFRS 18.
For a deeper exploration of the topics featured in this issue, join our live webinar on 17 June, where we will discuss the practical implementation challenges of HKFRS 18.
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The Institute has submitted its comments on the IAASB and the International Ethics Standards Board for Accountants’ (IESBA) Joint Stakeholder Survey.
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HKICPA auditing webinar: HKSAs 200 and 500: Auditor’s Responsibilities and Audit Evidence
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Join the webinar on 3 June for a focused and practical walkthrough of the principles in HKSA 200 and HKSA 500. Designed for auditors at all levels, this webinar will reinforce auditors’ responsibilities and core concepts regarding the conduct of audit engagements and audit evidence, illustrated with practical examples.
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HKICPA auditing webinar: HKSA 240 (Revised), The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
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Join the webinar on 23 July for a focused and practical overview of HKSA 240 (Revised). Key discussions will include key requirements and revisions to the standard, implications for audits, and common pitfalls and areas for improvement.
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The Institute’s Auditing and Assurance Standards Committee meeting
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Minutes of the 433rd meeting are now available.
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HKICPA Ethics Video: Long Association
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Access the Institute’s latest video for highlights of the key ethical principles and frequently asked questions relating to long association of personnel (including partner rotation) with an audit client.
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The Institute’s Ethics Committee meeting
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Minutes of the 274th meeting are now available.
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Proportionality of the IESBA Code
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This publication by the IESBA aims to help all professional accountants, and especially small and medium practices, understand how the IESBA Code maintains a universal high ethical bar while employing proportionality mechanisms embedded within its framework.
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IESBA podcast on decoding ethics “Rethinking Accountancy Education in the Age of AI”
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In this podcast, IESBA technical staff explores how accounting education must evolve to prepare ethical professionals for a rapidly changing world. The discussion highlights how technology is shifting the balance between technical expertise and core capabilities, and why developing strong ethical judgment remains central to the profession’s role in serving the public interest
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The Institute’s Sustainability Disclosure Standards Committee meeting minutes
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Minutes of the February 2026 meeting are now available.
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ISSB May 2026 podcast & update
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In this podcast, the ISSB Chair and Vice-Chair highlight key takeaways from May’s board week, focusing on the ISSB’s Nature-related Disclosures project and feedback from last year’s consultation on the proposed amendments to nine SASB Standards. In addition, a summary of the May 2026 meeting is now available.
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HKFRS S1 and S2 implementation platform
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You are welcome to submit technical questions related to the implementation of HKFRS S1 and S2. Questions that meet the submission criteria will be considered for discussion at the upcoming meeting.
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Announcements by the FSTB
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Members may wish to be aware of the following matters:
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Announcements by the Inland Revenue Department (IRD) and other tax news
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Members may wish to be aware of the following matters:
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Announcements by the government
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Members may wish to be aware of the following matters:
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Anti-money laundering (AML) notices and news
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AML workshops
The coming AML workshops (in Cantonese) will provide the latest updates and practical guidance on complying with AML requirements. Part I will be held on 22 June, followed by Part II on 29 June.
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AML notices
Revised FAQs on Suspicious Transaction Reporting
Members are reminded that earlier this month, the Institute issued a revised set of Frequently Asked Questions (FAQs) on Suspicious Transaction Reporting, in collaboration with the Accounting and Financial Reporting Council, and with valuable input also from the Joint Financial Intelligence Unit. The updated FAQs provide clear and practical guidance on common issues encountered by CPA practices and Institute members, helping them better understand and fulfil their legal obligations while meeting regulatory expectations.
For more details, please refer to the Institute’s email issued on 7 May.
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Publications from other organizations:
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Disclaimer: Some sections contain external links and information from outside sources. We endeavour to link to reputable sources but the Institute is not responsible for the accuracy or content of the external site, and the content does not necessarily represent the views of the Institute. We recommend using your discretion when visiting these links.
This email together with the file(s) transmitted is intended solely for addressee(s) only and may contain confidential or privileged information. If you received this email in error, please contact the sender and delete it together with its attachment(s) from your computer(s). You should note that the views expressed in this email are those of the author and do not necessarily represent those of the Institute. The recipient should check this email and all attachments for the presence of virus. The Institute will not accept liability for any damage caused by any viruses transmitted with this email.
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Copyright © 2026 Hong Kong Institute of CPAs. All rights reserved.
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