Accounting - acaciacpa.hk

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Why We’re Asking a Few More Questions This Year: A Partnership in Quality

If you’ve noticed your audit team digging a bit deeper into your Excel exports or asking about your software settings lately, you’re not alone! It isn’t just curiosity—it’s about meeting new standards for “Information Produced by the Entity” (IPE). The Accounting and Financial Reporting Council (AFRC) recently issued a “Checkpoint” reminding auditors to elvauate whether […]

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Navigating the New Frontier: Accounting for Digital Assets

Accounting

As digital assets evolve from a niche interest into a mainstream treasury component for Hong Kong SMEs, the accounting treatment of these assets is no longer a “future” concern—it is a present-day necessity. With the HKICPA actively refining guidance in the first half of 2026, business owners must move beyond viewing Bitcoin or Ethereum as

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Capitalisation of Borrowing Costs

Accounting

HKFRS Accounting Standards vs HKFRS for Private Entities Accounting Standard We came across this case recently: Scenario Under HKFRS / IFRS (IAS 23) Under HKFRS for Private Entities / IFRS for SMEs (Section 25) Key takeaway:Under full IFRS, borrowing costs can be capitalised if they relate to a qualifying asset. Under IFRS for SMEs, all

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