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Invitation to comment for proposed PN 831
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The Institute invites comments on the Proposed Practice Note 831, Reporting on Reserve Assets of Licensed Stablecoin Issuers under the Stablecoins Ordinance by 3 April 2026. This practice note provides guidance for auditors in fulfilling their responsibilities through reasonable assurance engagements conducted in accordance with HKSAE 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information.
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IASB February 2026 podcast and update
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The IASB podcast, featuring preliminary decisions from the February meeting, along with a summary, is now available.
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Video resources: Risk Mitigation Accounting
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This video addresses the following three frequently asked questions about the IASB’s proposed Risk Mitigation Accounting model:
- the use of repricing time bands in applying risk mitigation accounting and the role of risk limits;
- whether equity is in or out of the model; and
- the requirements for reflecting the effects of unexpected changes and recognising any risk mitigation adjustment excess.
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Webcast: Overview of the forthcoming IFRS Accounting Standard—
IFRS 20
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This webcast explains the forthcoming IFRS 20 Regulatory Assets and Regulatory Liabilities, which sets out the accounting requirements for regulatory assets, regulatory liabilities, regulatory income and regulatory expense. The standard is expected to primarily affect entities subject to a specific type of rate regulation, such as those operating in the utilities, energy and transportation sectors. The standard is expected to be issued in the second quarter of 2026.
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IFRS for SMEs Accounting Standard March 2026 Update
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The IFRS for SMEs Accounting Standard March Update is now available. The Update includes an overview of Section 9 Consolidated and Separate Financial Statements, an update on the February SME Implementation Group meeting and resources published to support implementation of the Standard.
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HKICPA auditing webinar: HKSA 315 (Revised 2019): IT systems and controls
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Join this insightful webinar on 22 April, where speakers will explain the IT-related requirements in HKSA 315 (Revised 2019) and provide auditors with practical and actionable guidance to meet these expectations effectively. Key discussions will include:
- Understanding the entity’s IT environment
- Illustrative, industry-specific examples
- Key observations from recent AFRC inspections
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Workshop for audit managers/seniors in-charge (re-run)
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Join us on 15, 21 and 22 May for the Institute’s workshop designed for audit managers and seniors in-charge. The workshop will focus on advanced auditing topics, including risk assessment procedures, auditing accounting estimates and going concern assessment.
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IAASB’s video “The Skeptic’s Pause”
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In this video, the IAASB highlights the importance of pausing to critically assess audit evidence, challenge assumptions, and remain alert to conditions that may indicate possible material misstatement due to fraud or error.
Through a series of reflective prompts, auditors are encouraged to consider whether they have obtained sufficiently persuasive evidence, addressed higher assessed risks appropriately, and remained mindful of potential bias.
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Key takeaways from the IESBA March meeting
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In this video, IESBA Chair shares highlights from the March Board meeting, where the Board advanced several important priorities shaping the future of ethics and independence. Key takeaways include:
- Approval of a workstream on private equity investment in accounting firms.
- Strengthening guidance on ethics in technology, including the use of AI.
- Continued momentum on firm culture and governance, and other emerging issues.
- Updates on adoption, implementation and post-implementation reviews of the IESBA standards.
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IESBA podcast on decoding ethics“AI and Ethics in Accounting: The Need for Human Judgment”
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In this podcast, IESBA technical staff explores the ethical implications of AI, focusing on how AI is being used in everyday accounting, the ethical risks involved and why professional judgment and the IESBA principles remain the foundation of ethical decision making.
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Article on ethical use of AI
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A recent article highlights that as generative AI becomes more widely used in professional work, responsibility for its outputs remains with professional accountants. It emphasizes the need to apply ethical principles, exercise professional judgement, and critically assess AI outputs when using these tools in practice.
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ISSB February 2026 podcast & update
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In this podcast, the ISSB Chair and Vice-Chair highlight key takeaways from February’s board week, focusing on the ISSB’s Nature-related Disclosures project and Enhancing the SASB Standards project. In addition, a summary of the February 2026 meeting is now available.
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Webcast: Climate resilience and climate-related scenario analysis requirements in IFRS S2
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In this webcast, ISSB member and ISSB technical staff explain the requirements in IFRS S2 on disclosing information about climate resilience and the use of climate-related scenario analysis, including the proportionality mechanisms that enable entities to select an approach to scenario analysis that is commensurate with their circumstances.
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Sustainability Ethics Series
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Join this insightful series designed to equip sustainability assurance practitioners with a comprehensive understanding of the Sustainability Ethics Standards.
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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
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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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Publications from other organizations:
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