Welcome to our Financial Reporting Webinar series. Our webcasts are designed to address the most topical issues in financial reporting and explain the many ongoing changes in the financial reporting landscape.
- 2025
- 2024
- 2023
Past webinars
9:30-10:30, 20 August 2025
With the recent passage of the Stablecoins Ordinance in Hong Kong and the GENIUS Act in the U.S., coupled with the soaring share price of a major stablecoin issuer since its U.S. listing, the term ‘stablecoin’ has drawn immense public interest.
In this webinar, we are delighted to have Albert Chai (Partner, Audit Quality & Professional Practice) and Jordan Sanders (Director, Deal Advisory) joining our host, Yifei Gong to unpack what stablecoins are, why they exist. how the market is evolving, and key accounting considerations.
Presentation material
9:30-10:30, 20 June 2025
Is your interim reporting caught in the crossfire of tariffs? And while you are fighting today’s fires, are new accounting requirements sneaking up on you?
In this webinar, we are delighted to have Martin Friedhoff (Partner, KPMG ASPAC Impairment and Valuation Topic Team Leader) and Kevin Lai (Partner, Valuation & Modelling) joining our host, Yifei Gong to discuss the impact of tariffs on financial statements and upcoming effective accounting requirements.
Presentation material
16:00-17:00, 9 May 2025
From Hong Kong’s sustainability disclosure roadmap to polarised ESG debates in the U.S., and Europe’s effort to reduce the reporting burden for companies, the global ESG landscape is changing faster than ever.
In this webinar, we are delighted to have Irene Chu (Partner, ESG Reporting Lead, Hong Kong (SAR), KPMG China), Eddie Ng (Partner, Hong Kong (SAR), KPMG China, Corporate and Sustainability Reporting and ESG Assurance Topic Team Leader, KPMG ASPAC), Jan A. Müller (Partner, KPMG Germany, Chair of KPMG ESRS Working Group) together with Julie Santoro (Partner, KPMG US, Vice Chair of KPMG Global Corporate and Sustainability Reporting Topic Team) joining our host, Yifei Gong (Director, Hong Kong (SAR), KPMG China) to discuss the current ESG landscape and the implications on businesses.
Presentation material
09:15 - 10:30, 25 February 2025
On December 18, 2024, the Legislative Council passed a bill1 aimed at making it easier for businesses to deduct expenses related to leased premises and allowances for buildings and structures. This change will take effect from the 2024/25 assessment year. Then, on December 27, 2024, another bill2 was gazetted for the local implementation of the Global Minimum Tax in line with international standards set by the OECD’s BEPS 2.0 framework. This new local tax will start from 2025.
In this webinar, we are delighted to have Matthew Fenwick and Stanley Ho, Partners in our tax practice, together with Ivy Tsoi, Director in our Audit Quality & Professional Practice joining our host, Yifei Gong to explore these latest tax developments and their financial reporting implications.
Presentation material
2024 webinars
09:15 - 10:30, 13 December 2024
As we approach another year-end reporting season, it is crucial for corporates to stay updated on the developments of the financial reporting standards and changes in legislations for their preparation of the 2024 annual report.
We are delighted to have Roy Leung, Partner in our audit practice, together with Yifei Gong, Director from our audit quality & professional practice joining our host, Seah-Tan Serene, to share about the latest development of the HKFRSs. They will also discuss accounting impacts arising from changes in legislations and other topical issues.
Presentation material
09:15 - 10:30, 9 October 2024
With the introduction of climate-related disclosure requirements by the International Sustainability Standards Board and the HKEX Appendix C2 ESG Code, an increasing number of companies are now obligated to report both direct and indirect emissions, in accordance with the GHG Protocol.
During this webinar, our internal ESG experts, Catherine Chung and Ryan Lo will join our host, Seah-Tan Serene, to provide an overview of GHG emissions reporting under the GHG Protocol, using illustrations and case studies.
Presentation material
15:45 - 17:00, 9 August 2024
In order to support the implementation of the International Sustainability Standards Board’s (ISSB) IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, the Transition Implementation Group (“TIG”) was established to discuss implementation questions submitted by stakeholders. Therefore, it would be important for corporates to pay attention to the discussions addressing questions arising from the initial application of these new standards.
In this webinar, Richard Barker, ISSB Board Member and Trevor Gibbons from KPMG International Standards Group will join our host, Seah-Tan Serene to discuss the technical issues discussed by the TIG. Our panellists will also cover the ISSB’s priorities and work plan from 2024-2026, which was recently finalised after considering the feedback from stakeholders for the agenda priorities consultation.
Presentation material
09:15 – 10:30, 7 June 2024
Ahead of the 2024 interim reporting season, Tracy Chu and Tony Pang, Directors from KPMG’s Audit Quality and Professional Practice will join our host Seah-Tan Serene to go through key accounting considerations for the coming interim reporting, including the Amendments to IAS 1 Classification of Liability as Current or Non-current.
Our panellists will also discuss recent Agenda Decisions published by the IFRS Interpretations Committee which includes the Agenda Decision on Climate-related Commitments.
Presentation material
16:15 – 17:30, 22 April 2024
Given the fast-changing landscape of mandatory ESG reporting, including the proposed sustainability reporting guidelines under public consultation by the three Chinese Mainland Stock Exchanges and the recently finalized climate disclosure requirements by the US SEC, it is imperative for corporates to stay updated. For some corporates, the impact of these changes may be indirect, as a result of being part of the value chain of their customers or suppliers.
In this upcoming webinar, Serene Seah-Tan will be joined by Patrick Chu, Irene Chu, and Jocelyn Ho, experienced practitioners from KPMG ESG Advisory. Together, they will engage in a panel discussion focused on the topic of interoperability between the major climate disclosure requirements issued by the Mainland Stock Exchanges, Hong Kong Stock Exchange, and the US SEC. This discussion will encompass the implications faced by companies mandated to report under different reporting regimes, key factors to consider, and actionable steps to navigate the landscape effectively.
Presentation material
15:45 – 17:00, 11 March 2024
In this webinar, we are privileged to have Ann Tarca, board member of the International Accounting Standards Board and Cecilia Kwei, director of standard setting from the Hong Kong Institute of Certified Public Accountants to join our host Serene Seah-Tan to discuss developments of projects on the IASB workplan. That includes IFRS 18 “Presentation and Disclosure in the Financial Statements”, which is scheduled to be issued in April 2024 and the latest IASB Board decisions on projects including business combinations under common control, climate-related and other risks in the financial statements.
Presentation material
2023 webinars
09:15 – 10:30, 7 December 2023
As we draw close to the end of financial year 2023, companies are starting to prepare their annual reports. It will be useful to highlight the potential impact that the current challenging business and economic environment can have on a company’s financial position and performance. It is also an opportune time to discuss how companies can communicate effectively to stakeholders, highlighting the importance of connectivity between the financial statements and the narrative section of the annual report.
We are delighted to have Jim Tang, Partner, and Albert Chai, Director, from KPMG’s audit quality and professional practice, joining our host Serene, to share key reminders and insights for this webinar.
Presentation material
09:15 – 10:45, 11 September 2023
Since the issuance of the ISSB’s climate standard on 26 June 2023, we have received questions on various aspects of these requirements. In April 2023, HKEX proposed for listed entities in Hong Kong to start applying the enhanced climate disclosures based on of ISSB’s IFRS S2 climate requirements starting from 1 January 2024. Although the effective date of the proposals is yet to be finalised, various aspects of the requirements would require significant time and effort for data collection and preparation. Therefore we have designed this webinar to address some of these more challenging or judgemental areas of the standard to help entities get ready.
Our KPMG ESG practitioners – Pat Woo, Irene Chu and Dana Chaput will join our host, Serene Seah-Tan to share our perspectives on the following topics:
- Materiality considerations
- Transition plans
- Current and anticipated financial impacts
- Value chain data
- Transition reliefs available on first time adoption
- The target operating model for implementing the requirements
Presentation material
09:15 – 10:30, 11 August 2023
The Government of the HKSAR gazetted the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Ordinance 2022 (the Amendment Ordinance) in June 2022. The Amendment Ordinance will eventually abolish the statutory right of an employer to reduce its long service payment (LSP) and severance payment payable to a Hong Kong employee by drawing on its mandatory contributions to the mandatory provident fund (commonly known as the ‘offsetting mechanism’).
Legally, the abolition has a prospective application from May 2025. The financial reporting perspective is different, however, based on the HKICPA guidance issued in July 2023, the abolition is likely to be an immediate impact on the financial statements of entities with a significant employee base in the Hong Kong SAR. This is notwithstanding that the net LSP position of an entity may have been immaterial to its financial statements in the past.
In this upcoming webinar, Jim Tang from KPMG’s Audit Quality and Professional Practice and Alex Zhou, an actuary from KPMG’s Risk Consulting practice, will join our host Serene Seah-Tan to go through key financial reporting considerations in relation to the abolition.
