13 May 2026To:
Members of the Hong Kong Institute of CPAsAll other interested partiesINVITATION TO COMMENT ON THE IASB EXPOSURE DRAFTConsolidation Exception(Proposed amendments to the IFRS for SMEs Accounting Standard)
Comments to be received by 7 August 2026The Financial Reporting Standards Committee (FRSC) of the Hong Kong Institute of CertifiedPublic Accountants (Institute) is seeking comments on the International Accounting StandardsBoard (IASB) Exposure Draft: Consolidation Exception (Proposed amendments to the IFRS forSMEs Accounting Standard) (ED). The ED is available on the Institute's website.The ED proposes narrow-scope amendments to the IFRS for SMEs Accounting Standard. Theproposal introduces a consolidation exception for intermediate parents that have a parent orultimate parent that is an investment entity and that does not produce consolidated financialstatements.The IASB’s proposal responds to a recommendation from the SME Implementation Group. Theproposed change aims to provide eligible SMEs with the same cost savings available to similarentities under full IFRS Accounting Standards.If the IASB agrees to proceed with the proposed amendments, they will become effective forperiods beginning on or after 1 January 2027. This timeline aligns with the effective date of thethird edition of the IFRS for SMEs Accounting Standard. Earlier application will be permitted forentities that apply this edition early.The FRSC invites your comments on the ED by 7 August 2026, to allow your comments to beconsidered in developing its response, if any, to the IASB. Comments should be supported byspecific reasoning and submitted in written form by email to commentletters@hkicpa.org.hk.Comments will be acknowledged and may be made available for public review unless otherwiserequested by the respondent.
Invitation to comment on the IASB Exposure Draft Consolidation Exception (Proposed amendments to the IFRS for SMEs Accounting Standard)
下载原件13 May 2026To:
Members of the Hong Kong Institute of CPAsAll other interested partiesINVITATION TO COMMENT ON THE IASB EXPOSURE DRAFTConsolidation Exception(Proposed amendments to the IFRS for SMEs Accounting Standard)
Comments to be received by 7 August 2026The Financial Reporting Standards Committee (FRSC) of the Hong Kong Institute of CertifiedPublic Accountants (Institute) is seeking comments on the International Accounting StandardsBoard (IASB) Exposure Draft: Consolidation Exception (Proposed amendments to the IFRS forSMEs Accounting Standard) (ED). The ED is available on the Institute's website.The ED proposes narrow-scope amendments to the IFRS for SMEs Accounting Standard. Theproposal introduces a consolidation exception for intermediate parents that have a parent orultimate parent that is an investment entity and that does not produce consolidated financialstatements.The IASB’s proposal responds to a recommendation from the SME Implementation Group. Theproposed change aims to provide eligible SMEs with the same cost savings available to similarentities under full IFRS Accounting Standards.If the IASB agrees to proceed with the proposed amendments, they will become effective forperiods beginning on or after 1 January 2027. This timeline aligns with the effective date of thethird edition of the IFRS for SMEs Accounting Standard. Earlier application will be permitted forentities that apply this edition early.The FRSC invites your comments on the ED by 7 August 2026, to allow your comments to beconsidered in developing its response, if any, to the IASB. Comments should be supported byspecific reasoning and submitted in written form by email to commentletters@hkicpa.org.hk.Comments will be acknowledged and may be made available for public review unless otherwiserequested by the respondent.