2024年第三季度财会发展回顾

Group 1: Regulatory Updates in Mainland China and Hong Kong - The Ministry of Finance of China has revised the Accounting Law, which was passed on June 28, 2024, and will take effect on July 1, 2024 [10]. - On August 29, the Ministry of Finance released a draft for public consultation regarding the Interpretation No. 18 of the Enterprise Accounting Standards, focusing on the subsequent measurement of investment properties held under the floating fee method [13]. - The China Securities Regulatory Commission (CSRC) published two regulatory reports on August 16 and August 23, 2024, highlighting common weaknesses and non-compliance issues in financial reporting [15]. Group 2: International Financial Reporting Standards (IFRS) Updates - The International Accounting Standards Board (IASB) completed a post-implementation review of the impairment requirements in IFRS 9, concluding that the execution aligns with expectations and provides useful information to financial statement users [22]. - IASB proposed minor amendments to IAS 21 regarding the translation of financial statements in hyperinflationary economies, allowing for retrospective application [23]. - A draft for public consultation on IFRS 19, concerning disclosures for non-public trust responsibilities, was released on July 30, 2024, aiming to simplify disclosure requirements introduced between February 2021 and May 2024 [25]. Group 3: Sustainability Reporting Updates - The IASB released a draft on July 31, 2024, suggesting examples for reporting climate-related and other uncertainties in financial statements, emphasizing the importance of materiality judgments [28]. - The Taskforce on Nature-related Financial Disclosures (TNFD) published its first set of industry-specific guidelines on July 3, 2024, to assist companies in disclosing nature-related financial information [31]. - The International Financial Reporting Standards Foundation released a video discussing the interoperability of the European Sustainability Reporting Standards with the ISSB standards on July 18, 2024 [31].