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Property, Infrastructure and Construction Interest Group (PIC IG) Evening Seminar Impact of recent accounting updates on the Engineering and Construction Industry Speaker Mr. Philip Pong, Partner,

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What is impact of recent accounting?

The impact of recent accounting refers to the effects that recent changes in accounting standards or regulations have on financial reporting.

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Entities that are subject to the accounting standards or regulations that have been recently updated are required to file the impact of recent accounting.

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To fill out the impact of recent accounting, entities should carefully assess how the changes in accounting standards or regulations have affected their financial reporting and provide a detailed explanation of these impacts.

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The purpose of impact of recent accounting is to ensure that entities accurately reflect the effects of recent accounting changes on their financial statements.

What information must be reported on impact of recent accounting?

Entities must report on how the recent changes in accounting standards or regulations have impacted their financial statements, including any adjustments that have been made.

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