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AFRC released Annual Inspection and Enforcement Reports
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The Accounting and Financial Reporting Council (AFRC) released its Annual Inspection Report and inaugural Annual Enforcement Report for the year ended 31 March 2026. The reports provide an overview of the AFRC’s regulatory priorities, findings and observations, drawing on insights from its inspection and enforcement activities.
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Institute’s live webinar – Impairment of non-financial assets: Key accounting and audit considerations
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Impairment assessments often involve significant judgement and remain an area of focus for regulators. This webinar will provide practical insights into the application of HKAS 36 Impairment of Assets and discuss key considerations for both preparers and auditors.
Join our webinar on 23 September for a focused discussion on practical guidance, including:
- Recap of HKAS 36;
- Common application issues; and
- Key audit considerations.
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IFRS Interpretations Committee podcast
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In this podcast, the Chair and a member of the IFRS Interpretations Committee highlight two IFRS 18 tentative agenda decisions discussed during the Committee's June meeting.
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New educational material to support implementation of the IFRS for SMEs Accounting Standard
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The IFRS Foundation has published a webcast and an educational module to support implementation of the IFRS for SMEs Accounting Standard. The webcast provides an overview of the transition requirements, while the new educational module focuses on Section 34 Specialised Activities.
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IASB video: Preparing for IFRS 20 implementation
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In this video, the IASB Vice-Chair explains how companies can prepare for IFRS 20 Regulatory Assets and Regulatory Liabilities.
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HKICPA 2026 Annual Auditing Update Conference
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Join our virtual conference on 24 October to stay up to date with the latest developments in auditing and assurance. The conference will cover updates from the International Auditing and Assurance Standards Board (IAASB), insights into revised HKSAs, developments relating to modernizing ISRE/HKSRE 2410, and an expert panel discussion on emerging issues. Register now to enhance your expertise and engage with the latest developments in auditing.
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The Institute’s Auditing and Assurance Standards Committee meeting
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Minutes of the 435th meeting is now available.
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Access the IAASB eNews to stay informed about the latest IAASB projects updates.
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The Institute has submitted its comments to the International Ethics Standards Board for Accountants (IESBA) on its Survey for Post-Implementation Review of the Non-Compliance with Laws and Regulations provisions.
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New IESBA staff publication highlights ethical considerations for accountants using emerging technologies
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The staff of the IESBA has released Emerging Technologies: A Characteristics-Based Approach to Ethical Considerations for Professional Accountants. This publication provides timely thought leadership by offering an overview of the ethical implications of emerging technologies, including artificial intelligence, distributed ledger technologies, machine learning, quantum computing, and robotic process automation.
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IESBA video “Leaders on culture and governance”
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In this video, the IESBA Chair and technical staff discuss the importance of fostering an ethical culture and strong governance. The discussion highlights the importance of tone from the top and a commitment to ethical decision-making throughout an organization.
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IESBA videos on the role of the CFO
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IESBA has released three videos (video 1 | video 2 | video 3) exploring the evolving role of the CFO. The videos highlight the expanding responsibilities of CFOs, the ethical challenges arising from increasingly complex decisions and rising stakeholder expectations, and the importance of ethical leadership and practical frameworks in guiding real-time decision-making.
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The highlights and decisions from the June IESBA meeting are 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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Members may wish to be aware of the following matter:
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Members may wish to be aware of the following matter:
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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/ Counter-terrorist financing (AML/CFT) notices and news
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AML/CFT notices
Other AML/CFT news
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Publications from other organizations:
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