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China Accounting Alert – July 2023 – The Accounting Regulatory Department of the Ministry of Finance (MOF) releases application examples on implementing of the accounting standards
China Accounting Alert is the monthly executive update for Mainland China and Hong Kong on recent developments in local and international financial reporting standards, and related hot topics and emerging issues. China Accounting Alert is designed to help keep you one step ahead by providing easy access to the information you need, all in one place. It is not intended to be a substitute for reading the financial reporting standards or other appropriate authoritative guidance, to which reference should be made for a full understanding of the relevant subject matters.
Matters covered in this issue include: The Accounting Regulatory Department of the Ministry of Finance (MOF) releases application examples and Q&As on implementing of the accounting standards; The Department of Asset Management of the MOF responds to the transition between old and new administrative measures under the Administrative Measures for the Accrual and Use of Enterprise Work Safety Funds; Beijing Stock Exchange (BSE) and Hong Kong Stock Exchange (HKEX) sign the Memorandum of Understanding in Beijing; etc.
Please feel free to contact your EY client service professionals for further assistance if you find the provision of China Accounting Alert have an impact on your business operations.