HKFRS for Private Entities Accounting Standard Information Centre

Information Centre

Welcome to the HKFRS for Private Entities Accounting Standard (HKFRS for PE) Information Centre

(i) HKFRS for PE (currently effective):

IFRS Foundation resources

• Supporting materials for the 2015 IFRS for SMEs Accounting Standard
• Effects of climate-related matters on financial statements prepared in accordance with the IFRS for SMEs Accounting Standard
• Package of supporting modules on the IFRS for SMEs Accounting Standard available
• SME Implementation Group Q&As

Pronouncement of HKFRS for PE

The pronouncement of HKFRS for PE includes the followings:

• HKFRS for Private Entities Accounting Standard
• Basis for Conclusions
• Illustrative Financial Statements and Presentation and Disclosure Checklist

Click here to download.

Additional references issued by the Institute Standard Setting Department

• FAQ: HKFRS for Private Entities Accounting Standard
• FAQ: Financial Reporting – commonly asked technical questions

(ii) Revised HKFRS for PE (issued but not yet effective):

The revised HKFRS for PE is effective for annual periods beginning on or after 1 January 2027, with early application permitted.

IFRS Foundation resources

• 2025 IFRS for SMEs supporting materials
• Project Summary: third edition of the IFRS for SMEs Accounting Standard
• Feedback Statement and Effects Analysis: third edition of the IFRS for SMEs Accounting Standard
• Overview of the treatment of amendments
• IFRS for SMEs Accounting Standard Third Edition with changes since the second edition marked up

Pronouncement of the revised HKFRS for PE

The pronouncement of HKFRS for PE includes the followings:

• HKFRS for Private Entities Accounting Standard
• Basis for Conclusions
• Illustrative Financial Statements

Click here to download.

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Additional references issued by the Institute Standard Setting Department

• Key impact of the 2025 revised HKFRS for Private Entities Accounting Standard on local entities
• FAQ: HKFRS for Private Entities Accounting Standard

Last updated: April 2025