As the standard setter for the accounting profession, the Institute is committed to supporting members in navigating the evolving digital asset landscape. We are currently formulating appropriate guidance for the accounting and auditing of virtual assets and related matters. This initiative complements the HKSAR Government’s policy direction to further develop Hong Kong’s digital asset market, as announced in last week’s Policy Address. To keep members informed, we have issued Alert 51, which outlines the accounting and auditing initiatives currently underway. |