Travel restrictions are introduced due to the outbreak of coronavirus. This has prevented auditors and valuers to perform on-site inspections. At the same time, the Securities and Futures Commission and the Stock Exchange of Hong Kong Limited released a joint statement to remind all Hong Kong listed companies to inform the Exchange about how their businesses have been affected by the outbreak of coronavirus.
The Financial Secretary, Mr Paul Chan, presented the 2020/21 Budget on 26 February 2020 setting out the economic outlook for Hong Kong.
Moore Hong Kong is delighted to announce as of 1 January 2020, very experienced restructuring and recovery professionals including Jim Wardell, Jackson Ip, Joanne Lui and their team have joined Moore Hong Kong. The new Moore Hong Kong restructuring and recovery services operates as Moore Recovery Limited.
HKFRS 16 Leases has become effective since 1 January 2019 and replaced HKAS 17 Leases for lease accounting to specify the principles for recognition, measurement presentation and disclosure of leases. The new standard specifies that individual leases should be considered separately.
In response to the increasing demands for building consensus within the valuation industry, various valuation guidelines have been developed to suit different purposes, and to caterdifferent needs. Among them the International Private Equity and Venture Capital Valuation (IPEV) Guidelines and International Valuation Standards (IVS) are two of the most widely adopted standards in the private equity investments and accounting practices respectively.
Moore Stephens Hong Kong relaunches our brand to become ‘Moore’. This is part of a wider rebrand of the Moore Stephens global accountancy and consultancy network, of which Moore Stephens Hong Kong is a member.