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In this newsletter, we look at the following topics:
HKFRSs applicable for 2009
The IASB has issued a number of new standards and interpretations, and amendments to existing standards, including those resulting from its annual improvements project. Many will be effective for 2009 with earlier application permitted. Early adopters should be aware that there may be consequential amendments that affect the disclosure requirements of other standards. All these new standards and interpretations, and amendments to existing standards have been adopted by HKICPA.
Roadmap IFRS - US GAAP
The IASB and FASB published an update of their 2006 Memorandum of Understanding (MoU) in September 2008. They reported on the progress made since 2006 and set out their aims to complete a number of major joint projects by 2011.
Get your copy here
Read more by downloading our HKFRS News - Dec 2008 (pdf file, 74KB) for your reference.
Note: HKFRS has converged with IFRS effective from 1 January 2005. Contents contained in this newsletter are relevant to both HKFRS preparers and IFRS preparers.
Other Issues of HKFRS News
Accounting and Listing Rules Updates |
