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Handbook Update No. 346 revises various pronouncements in Volume I and Volume III of the Members’ Handbook to:
- Incorporate Ethics Standards for Sustainability Assurance and Other Revisions to the Code Relating to Sustainability Assurance and Reporting and Revisions to the Code Addressing Using the Work of an External Expert to the Code of Ethics for Professional Accountants.
- Update the Conforming and Consequential Amendments to Other Hong Kong Standards Arising from HKSSA 5000.
- Update the Narrow Scope Amendments to Hong Kong Engagement Standards Arising from the Project on Using the Work of an External Expert.
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E-learnings: archived webinars for financial reporting
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The Institute hosted a series of live webinars, covering a range of hot topics in financial reporting. These sessions have been archived for members’ access. Enrol now if you missed any of these webinars.
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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 four educational modules to support implementation of the IFRS for SMEs Accounting Standard. The webcast provides an overview of amendments relating to topics addressed in multiple sections, while the new educational modules focus on Section 13 Inventories, Section 17 Property, Plant and Equipment, Section 21 Provisions and Contingencies and Section 30 Foreign Currency Translation.
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IFRS for SMEs Accounting Standard June 2026 Update
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The IFRS for SMEs Accounting Standard June Update is now available. The Update includes an overview of the recently published Exposure Draft Consolidation Exception and resources published to support implementation of the Standard.
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Suggested Chinese translation of unmodified auditor’s reports based on the HKSA for LCE
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The Suggested Chinese translation of unmodified auditor’s reports based on the Hong Kong Standard on Auditing for Audits of Financial Statements of Less Complex Entities (HKSA for LCE) is now available.
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The Institute’s Auditing and Assurance Standards Committee meeting
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Minutes of the 434th meeting are now available.
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Highlights from the IAASB June meeting
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The IAASB's June meeting included key updates on its major projects. During the meeting, the IAASB:
- Approved exposure drafts for the Audit Evidence and Risk Response project and maintenance revisions to the ISA for LCE.
- Discussed a proposed roadmap for non-authoritative guidance to help firms and engagement teams apply quality management principles when using Gen AI-enabled tools.
- Reviewed an updated edition of its Technology Catalog, the central tool for monitoring emerging technologies and their implications for auditing and assurance.
For more details, read the highlights prepared by the IAASB staff.
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Minutes of the 153rd meeting are now available.
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Key takeaways from the IESBA June meeting
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In this video, IESBA Chair shares highlights from the June Board meeting, during which the Board advanced important work to strengthen ethics and independence support for the profession. Key takeaways include:
- A decision to address firm culture and governance through a targeted update to the Code: a single, high-level, overarching requirement anchored in the Code, which will be supported by application material referencing eight proposed interconnected elements.
- Alignment on forward priorities, including technology and AI, private equity investment in accounting firms, and adoption and implementation of IESBA standards.
- Discussion of the CFO role, including ethical dilemmas CFOs face and the value of additional targeted support in applying the Code.
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Reminder: HKICPA Ethics Survey 2026
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Share your views on how digital transformation and evolving business are shaping ethical issues for professional accountants. Your feedback will help inform the Institute’s strategic direction for future ethics initiatives.
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Reminder: Invitation to comment
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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 matters:
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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:
- For the current lists of terrorists, terrorist associates and relevant persons/ entities under United Nations sanctions, members should refer regularly to the Institute's AML webpage. Other useful documents and guidance can also be found on the same page.
Other AML/CFT 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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Copyright © 2026 Hong Kong Institute of CPAs. All rights reserved.
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