Accounting and Auditing Standards

 

Accounting Standards

IFRS and IAS, including standards taking effect every year [Read]

IFRS and IAS effective from 2021, 2022, and 2023 [Read]

Hong Kong SAR [Read], [Read]

China (Chinese version) [Read

Taiwan (Chinese version) [Read]

United States [Read]

 

 

Auditing Standards

Hong Kong SAR [Read], [Read]

China [Read]

Taiwan [Read]

 

 

 

 

2021

IFRS 9 Financial Instruments

Amendments regarding replacement issues in the context of the IBOR reform

Annual periods beginning on or after 1 January 2021

 

IFRS 4 Insurance Contracts

Amendments regarding replacement issues in the context of the IBOR reform

Annual periods beginning on or after 1 January 2021

 

IFRS 16 Leases

Amendments regarding replacement issues in the context of the IBOR reform

Annual periods beginning on or after 1 January 2021

 

Amendment to extend the exemption from assessing whether a COVID-19-related rent concession is a lease modification

Annual periods beginning on or after 1 April 2021

 

IAS 39 Financial Instruments: Recognition and Measurement

Amendments regarding replacement issues in the context of the IBOR reform

Annual periods beginning on or after 1 January 2021

 

2022

IFRS 1 First-time Adoption of International Financial Reporting Standards

Amendments resulting from Annual Improvements to IFRS Standards 2018–2020 (subsidiary as a first-time adopter)

Annual periods beginning on or after 1 January 2022

 

IFRS 3 Business Combinations

Amendments updating a reference to the Conceptual Framework

Annual periods beginning on or after 1 January 2022

 

IFRS 9 Financial Instruments

Amendments resulting from Annual Improvements to IFRS Standards 2018–2020 (fees in the ‘10 per cent’ test for derecognition of financial liabilities)

Annual periods beginning on or after 1 January 2022

 

IAS 16 Property, Plant and Equipment

Amendments prohibiting a company from deducting from the cost of property, plant and equipment amounts received from selling items produced while the company is preparing the asset for its intended use

Annual periods beginning on or after 1 January 2022

 

IAS 37 Provisions, Contingent Liabilities and Contingent Assets

Amendments regarding the costs to include when assessing whether a contract is onerous

Annual periods beginning on or after 1 January 2022

 

2023

IAS 1 Presentation of Financial Statements

Amendments regarding the classification of liabilities

Annual periods beginning on or after 1 January 2023

 

Amendments regarding the disclosure of accounting policies

Annual periods beginning on or after 1 January 2023

 

Amendment to defer the effective date of the January 2020 amendments

Annual periods beginning on or after 1 January 2023

 

IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors

Amendments regarding the definition of accounting estimates

Annual periods beginning on or after 1 January 2023

 

IAS 12 Income Taxes

Amendments regarding deferred tax on leases and decommissioning obligations

Annual periods beginning on or after 1 January 2023