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China Accounting Alert

  • The IASB issued a new standard that requires lessees to recognize most leases on their balance sheets. The new standard will be effective from 1 January 2019 with limited early application permitted.
  • The HKICPA released its new and revised auditor reporting standards, which will be effective for audits of financial statements for periods ending on or after 15 December 2016.

 

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