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Oct 2016

In this IFRS/HKFRS news, we update you on the impact of the new insurance standard and IFRS 9 Myth Busters. We share with you update from Cannon Street on changes in policy & estimate, long- term interests, FICE and conceptual framework. Leases lab introduces additional volatility in profit or loss for lessees from lease contracts denominated in a foreign currency. NIFRICS by numbers for this month talks about practical implications of IFRIC rejections related to IAS 24 "Related-party disclosures".

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Humphrey Choi
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