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Handbook Update No. 343 relates to the issuance of Narrow-Scope Amendments to Hong Kong Engagement Standards Arising from the Project on Using the Work of an External Expert.
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The Institute has submitted its comment letter on the IASB Exposure Draft Amendments to the Fair Value Option for Investments in Associates and Joint Ventures (Proposed amendments to IAS 28).
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HKFRS 18 Navigator Issue 3: Defining what you do – Determination of main business activities
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The latest issue of the HKFRS 18 Navigator, designed to support members' implementation of HKFRS 18, is now available. This edition focuses on the specific classification requirements for entities with a specified main business activity (SMBA), the assessment of SMBA, and the related practical implications.
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Live webinar on accounting hot topics and developments for insurers
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Join the upcoming live webinar on 1 June to explore the latest developments in financial reporting for insurers. This webinar will provide practical insights into the following topics:
- HKFRS 17 Insurance Contracts in practice: Hot topics and recurring application issues.
- Emerging issues: IFRS Interpretations Committee agenda decisions and amendments to HKFRS 9 Financial Instruments effective in 2026.
- What’s next: Forthcoming requirements and other developments, including HKFRS 18 Presentation and Disclosure in Financial Statements.
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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, supported by illustrative examples.
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Workshop for audit managers/seniors in-charge/new auditors (re-run)
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Join the Institute’s audit workshops to enhance your auditing knowledge:
- Workshop for audit mangers/ seniors in-charge (15, 21 and 22 May): This workshop will focus on advanced auditing topics such as risk assessment procedures, auditing accounting estimates and going concern assessment.
- Workshop for new auditors (12, 17 and 18 June): This workshop will cover core concepts and practical skills essential for financial statement audits, sharing relevant experiences for new auditors.
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The Institute’s Auditing and Assurance Standards Committee meeting
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Minutes of the 432nd meeting is now available.
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The Institute invites you to participate in two surveys conducted as part of the International Ethics Standards Board for Accountants (IESBA)’s post-implementation reviews of the provisions of the Code addressing Responding to Non-Compliance with Laws and Regulations, and the Restructured Code by 19 May. Results of the surveys will be aggregated and considered by the Institute alongside other feedback when developing our responses to the IESBA.
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IESBA video “Leaders on culture and governance”
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In this video, IESBA technical staff explores the foundations of trust in financial markets, the governance challenges facing audit firms, and what it will take for a global principles-based framework on firm culture to make a genuine difference in practice.
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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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HKICPA at HKEX ESG Academy: Turning Governance Awareness into Action
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The Institute’s President, Stephen Law, was invited to join as a panelist at the HKEX ESG Academy Seminar on 17 April. He shared insights and advice for enhancing risk management and internal controls within listed companies. By contributing from the professional accountancy perspective, the Institute supports the market’s collective efforts to translate ESG awareness into effective governance actions that enhance trust, resilience and long term value.
Please refer to HKEX ESG Academy for details.
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Introduction of TWF’s Women to Watch platform
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The Institute’s Restructuring and Insolvency Faculty collaborated with The Women’s Foundation (TWF) to introduce the Women to Watch platform (Platform). This initiative connects aspiring senior women leaders, to organizations looking to fill board positions. We encourage our female members to join the Platform to:
Have their profile featured on the Platform used by select companies for board member searches Receive opportunities for board roles with NGOs and other participating organizations that choose to promote to Platform
Please refer to TWF’s website for details.
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Announcements by the Inland Revenue Department (IRD)
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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 notices:
Other AML news:
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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.
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