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The adoption of a number of new and revised financial reporting standards (HKFRS) which are almost equivalent to International Financial Reporting Standards (IFRS) with effect from 1 January 2005 has changed the current practice of financial reporting in Hong Kong. In December 2004, the HKICPA completed the process of converging Hong Kong Accounting Standards (HKAS) with the equivalent International Accounting Standards (IAS). We issue accounting news update and a series of Deloitte publications to deal with the application of the HKFRS and IFRS including: 
| IFRSs and US GAAP - A Pocket Comparison
While this comparison is comprehensive, it does not attempt to capture all of the differences that exist or that may be material to a particular entity's financial statements. Our focus is on differences that are commonly found in practice. |  | IAS Plus Newsletters in Chinese
Deloitte China has translated certain recent IAS Plus Special Edition Newsletters into Chinese. | 
| iGAAP 2008 Financial instruments: IAS 32, IAS 39 and IFRS 7 explained (4th edition)
This publication is the authoritative guide for financial instruments accounting under IFRSs. The 2008 edition expands last year's edition with further interpretations, examples, discussions from the IASB and the IFRIC, and updates on comparisons of IFRSs with US GAAP for financial instruments. It also includes extracts from 2007 annual reports illustrating IFRS 7. |  | IAS Plus With effect from Q3 2008, publication of the quarterly newsletter has been discontinued. We will continue to publish special edition newsletters summarising key IASB and IFRIC proposals and pronouncements. Read our latest: Certain recent IAS Plus Special Edition Newsletters have been translated into Chinese, click to learn more. |
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