The webinar on recent updates of HKFRS delivered on 15 February 2023 attracted over 270 attendees delivered by our Quality & Assurance Partner, Leo Cheuk and Senior Manager, Jack Choi from Mazars in Hong Kong.
They shared the annual update of the HKFRS update as well as new concepts and pitfalls in the application of the existing requirements and other main points the accounting professionals need to take note of.
This webinar covered the following amendments in particular：
Amendment to HKFRS 1: First-time Adoption of Hong Kong Financial Reporting Standards
Amendments to HKFRS 9: Financial Instruments - Fees in the ‘10 per cent’ Test for Derecognition
Amendments to HKFRS 16: Leases - Illustrative Examples
Amendments to HKAS 41: Agriculture – Fair value measurements
Amendments to HKAS 37: Provisions, Contingent Liabilities and Contingent Assets - Onerous Contracts - Cost of Fulfilling a Contract
Amendments to HKFRS 3: Business Combinations - Reference to the Conceptual Framework
Amendments to HKAS 16: Property, Plant and Equipment—Proceeds before Intended Use
The webinar was well-received. If you would like to know more about our webinar, please contact us.