Financial reporting in Hong Kong

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:

Publications

  • HKFRS for Private Entities in your pocket
    This pocket guide explains the requirements in Hong Kong's new HKFRS for Private Entities and made available for immediate use by private companies
  • IFRS in Focus Newsletter
    We publish IFRS in Focus newsletters at the time of release of new and revised Standards and Interpretations, Exposure Drafts and discussion documents, including summaries of the documents and consideration of the principal amendments/proposals. Prior to June 2010, the newsletter was called IAS Plus Update.

Certain recent IFRS in Focus newsletters have been translated into Chinese, learn more.