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Handbook Update No. 340 revises various pronouncements in Volume III of the Members’ Handbook to:
- Update the conforming amendments arising from Hong Kong Standard on Auditing for Audits of Financial Statements of Less Complex Entities (HKSA for LCE).
- Align with the 2025 IAASB Handbook of International Quality Management, Auditing, Review, Other Assurance, and Related Services Pronouncements and for other housekeeping changes.
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Institute and IASB outreach event on IASB Exposure Draft
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The Institute, in collaboration with the IASB, will host an outreach event on the morning of 5 March. This event will focus on the IASB Exposure Draft (ED) Risk Mitigation Accounting – Proposed amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures, which aims to address challenges that banks and insurance companies face in accounting for dynamic interest rate risk management activities. The ED proposes a new accounting model that could significantly impact these sectors.
Participants will have the opportunity to engage directly with IASB representatives and ask questions. Join us to gain a deeper understanding of the ED and share your perspectives.
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E-learnings: archived webinars for financial reporting
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The Institute hosted a series of live webinars in the last quarter, 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 These sessions have been archived for members’ access.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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Technical Bulletin: Guidance on section 408 of the Companies Ordinance
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Report Digest – Navigating the 2025 Year-End Audit – Key Reminders for Auditors
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In October 2025, the AFRC published “Audit Focus: 2025 Year-end Audit”, providing essential reminders for auditors to ensure audit quality. This video reinforces the key insights from the report.
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A Plus: Exclusive interview with IESBA Chair
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Gabriela Figueiredo Dias, Chair of the International Ethics Standards Board for Accountants (IESBA), spoke with A Plus in an exclusive interview to talk about the role of ethics in a time of uncertainty, and Hong Kong’s ethical landscape, as well as how the organization is rethinking its approach to standard setting.
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IESBA Project Team report “Collective investment vehicles and pension funds”
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This report presents the findings of an IESBA Project Team that examined auditor independence considerations in the audits of collective investment vehicles and pension funds. It draws on extensive research and global stakeholder consultation to assess whether the independence provisions in the International Code of Ethics for Professional Accountants remain fit for purpose in these investment structures.
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IESBA Chair latest article “Why audit and accounting failures are often cultural and what we can do about it”
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The piece explores how firm culture, governance, and ethical leadership shape audit quality and public trust, highlighting the importance of strengthening ethical foundations across organizations to prevent failures.
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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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Members may wish to be aware of the following matter:
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Announcements by the Inland Revenue Department
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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:
- 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 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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