References on 2010 version of HKFRS for Private Entities
References issued by the Institute
- Illustrative financial statements
- Example Directors' Report, Auditor's Report and Illustrative Financial Statements for Private Entities prepared in accordance with the HKFRS for Private Entities (with Hong Kong Companies Ordinance disclosures)
- Sample example reports by auditors
- Other technical resources
- The Institute Executive Director's email of 28 January 2010 (Financial Reporting and Auditing Alert 7)
- High level Comparison Between full HKFRSs and HKFRS for Private Entities
- High Level Comparison between HKFRS for Private Entities and SME-FRF & FRS
- High Level Comparison between HKFRS for Private Entities and SME-FRF & SME-FRFs (Revised)
- Submission to SME Implementation gorup
Q&A Issue 1 (2011/01)"Use of the IFRS for SMEs in parent’s separate financial statements" |
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Q&A Issue 2 (2011/02)
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Q&A Issue 3 (2011/03)
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Q&A Issue 4 (2011/04)
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Q&A (General, Issue 1) "Application of the IFRS for SMEs for financial periods ending before the IFRS for SMEs was issued" |
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Q&A (General, Issue 2) "Interpretation of "undue cost or effort" and "impracticable"" |
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Q&A (Section 3, Issue 1) "Jurisdiction requires fallback to full IFRSs" |
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Q&A (Section 3, Issue 2) "Departure from a principle in the IFRS for SMEs" |
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Q&A (Section 3, Issue 3) "Prescription of the format of financial statements by local regulation" |
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Q&A (Section 30, Issue 1) – Recycling of cumulative exchange differences on disposal of a subsidiary |
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Q&A (Section 11, Issue 1) – Fallback of IFRS 9 Financial Instruments |
References Issued By IASB
The World Bank has made available for viewing on their website a two-part webcast presentation by Paul Pacter (IASB Board Member and Director, Standards-SMEs) An Overview of the IFRS for SMEs. Each part is approximately one hour long. The presentation reviews the requirements in each of the 35 sections of the IFRS for SMEs and highlights differences with full IFRSs.
To view the webcast presentations:
Last updated: 4 October 2017
