19 August 2026To:
Members of the Hong Kong Institute of CPAsAll other interested partiesINVITATION TO COMMENT ON THE IFRS FOUNDATION EXPOSURE DRAFTProposed Targeted Amendments to the IFRS Foundation ConstitutionComments to be received by 7 October 2026The Financial Reporting Standards Committee (FRSC) and the Sustainability DisclosureStandards Committee (SDSC) of the Hong Kong Institute of Certified Public Accountants (Institute)
are seeking comments on the IFRS Foundation Exposure Draft Proposed Targeted Amendmentsto the IFRS Foundation Constitution (Exposure Draft) which has been posted on the relevant pagesof the Institute’s website for Financial Reporting and Sustainability Reporting.The Trustees of the IFRS Foundation published the Exposure Draft to operationalise their 2025decision to gradually reduce the size of the International Accounting Standards Board (IASB) andthe International Sustainability Standards Board (ISSB). The amendments proposed in theExposure Draft would provide an appropriate governance framework for the smaller boards,facilitating their effective functioning and giving stakeholders clarity about the smaller boards’governance arrangements.The Exposure Draft addresses matters including:
•board size;
•attributes of board members;
•voting arrangements; and•other related governance amendments.The Exposure Draft notes that the Trustees remain committed to maintaining geographicallydiverse and balanced board memberships and to ensuring appropriate diversity of professionalbackgrounds, skills and perspectives on the smaller boards.The FRSC and SDSC invite your comments on the Exposure Draft by 7 October 2026, to allowyour comments to be considered in developing the Institute’s response, if any, to the IFRSFoundation. Comments should be supported by specific reasoning and submitted in written formby email to commentletters@hkicpa.org.hk.Comments will be acknowledged and may be made available for public review unless otherwiserequested by the respondent.
Invitation to Comment on the IFRS Foundation Exposure Draft Proposed Targeted Amendments to the IFRS Foundation Constitution
下载原件19 August 2026To:
Members of the Hong Kong Institute of CPAsAll other interested partiesINVITATION TO COMMENT ON THE IFRS FOUNDATION EXPOSURE DRAFTProposed Targeted Amendments to the IFRS Foundation ConstitutionComments to be received by 7 October 2026The Financial Reporting Standards Committee (FRSC) and the Sustainability DisclosureStandards Committee (SDSC) of the Hong Kong Institute of Certified Public Accountants (Institute)
are seeking comments on the IFRS Foundation Exposure Draft Proposed Targeted Amendmentsto the IFRS Foundation Constitution (Exposure Draft) which has been posted on the relevant pagesof the Institute’s website for Financial Reporting and Sustainability Reporting.The Trustees of the IFRS Foundation published the Exposure Draft to operationalise their 2025decision to gradually reduce the size of the International Accounting Standards Board (IASB) andthe International Sustainability Standards Board (ISSB). The amendments proposed in theExposure Draft would provide an appropriate governance framework for the smaller boards,facilitating their effective functioning and giving stakeholders clarity about the smaller boards’governance arrangements.The Exposure Draft addresses matters including:
•board size;
•attributes of board members;
•voting arrangements; and•other related governance amendments.The Exposure Draft notes that the Trustees remain committed to maintaining geographicallydiverse and balanced board memberships and to ensuring appropriate diversity of professionalbackgrounds, skills and perspectives on the smaller boards.The FRSC and SDSC invite your comments on the Exposure Draft by 7 October 2026, to allowyour comments to be considered in developing the Institute’s response, if any, to the IFRSFoundation. Comments should be supported by specific reasoning and submitted in written formby email to commentletters@hkicpa.org.hk.Comments will be acknowledged and may be made available for public review unless otherwiserequested by the respondent.